Englewood entrepreneurs engage in Shark Tank-style business plan competition

CHICAGO (WLS) — Englewood entrepreneurs are getting a much-needed boost in the Quality of Life Business Competition.

Four finalists will take the stage Saturday at Kennedy King College in an event that looks a lot like the ABC show Shark Tank.

They pitch their current business or plan to start a new one while pitching their case to a panel of judges.

“They get coaching mentorship, pitch support and then support in creating a business plan,” said Cecile De Mello, Executive Director, Teamwork Englewood.

The locations offered a glimpse of a variety of businesses, including a daycare, luggage service, boutique, and catering business.

The four finalists walk away with a prize of at least $10,000, but Stephanie Harrison walks away with $25,000 because the judges were so impressed with her plan to expand a daycare center at 65th and Halsted.

“We absolutely need it,” said Stephanie Harrrison, who leads Children Learn and Play Daycre. “We’ve needed this for a long time and thank you for coming to our community and helping us.”

Money is positive, but these entrepreneurs also walk away with connections in the community that will provide resources down the road to grow their business. This goes a long way as entrepreneurs tackle the daily hurdles of running a small business.

“I think they’re very helpful for recognition, just letting the community know that local entrepreneurs and businesses are viable and in the community and ready to do business with the community,” said Sandy Mitchell of SanJustins. Kitchen.

To register for this free event, click here.

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