Englewood entrepreneurs get their start in Shark Tank-like business plan competition

Chicago (WLS) — Englewood entrepreneurs get a much-needed boost in the quality-of-life business race.

On Saturday, the four finalists took the stage at King Kennedy’s, much like the ABC show Shark Tank.

They present plans for their current business or new business while pitching to a panel of judges.

“They get coaching, they get pitching support, and then they get support to develop a business plan,” said Cecile De Mello, executive director of Teamwork Englewood.

The course showcases a variety of businesses, including daycare, luggage services, boutiques and catering companies.

All four finalists will receive at least $10,000, but Stephanie Harrison will take home $25,000 as the judges are most impressed with her plans to expand the daycare centers at 65th and Halsted.

“We absolutely need this,” said Stephanie Harrison, who runs a children’s learning and play daycare. “We’ve needed it for a long time, and I thank you for coming into our community and helping us.”

The money is positive, but these entrepreneurs are also connecting with the community that will provide resources for their business to grow. This goes a long way for entrepreneurs to tackle the day-to-day hurdles of running a small business.

Sandy Mitchell of SanJustins Kitchen said, “I think they’ve been very helpful with the recognition, just educating the community that local entrepreneurs and businesses can work and be in the community and ready to do business with the community.”

To register for this free event, click here.

Copyright © 2022 WLS-TV. all rights reserved.

Source link