Million Dollar Idea Competition

Is your idea worth a million dollars?

It might be, but simply having the idea is not enough to get it funded and to reap the reward of your good idea. Many think it’s a matter of who you know. It certainly doesn’t hurt to have friends in high places, but that is not the case for most of the millions who start new businesses each year. Some believe in the storybook tale that a great idea will find its own way, that if you have a revolutionary idea you can just go to Wall Street, stalk a few investors, force them to listen to your incredible pitch, and before you know it they’re writing checks. Is that how it works? Sorry, but no. That’s Hollywood, not the real world.

To get funded, you need to submit a high quality business plan to an angel investor, a venture capital fund or a bank. Now that sounds pretty simple, right? Yet, still most people are unable to get their businesses funded. Why? Unfortunately, it’s not as simple as merely sending in a business plan. You need to know exactly what investors are looking for and you need to speak their language. This is more than a matter of going to some free website getting a business plan outline and filling in the blanks. You need to know exactly what they are looking for and what they use to determine if a prospective business will make them loads of money. Most companies that are funded are also typically shopped to investors by trusted groups who have already vetted the plans.

Do you need help crystalizing your idea into a business? Do you want to be matched up with others to start a new business or buy a franchise? Do you need help writing a business plan? Do you need to get professional feedback to improve your plan and increase the likelihood that you will be funded? Do you need money to build your dream of financial independence? You need to join the NLS Business Network and enter the Million Dollar Idea Competition. This competition is not merely a search for a few outstanding ideas. It is a platform for many new businesses to get their jumpstart. It could be just the start that you need!

For FREE you can enroll today in the Million Dollar Idea Competition. The “You’re in Business!” program is more than just this contest, however. It is intended to educate participants and help them refine their ideas. A person can start the program with a simple idea and finish it with a professional business plan ready for banks and investors. We are applying a dragnet approach by taking on prospects that would not normally make it past the first hurdle. The competition allows us to take on the added work of looking at a broader pool of prospects.

Normally, it can cost thousands to have your business plan reviewed by a financial analyst. It can cost in the tens of thousands to have a VC broker shop your business for funding. Lawyers and accountants charge by the hour, and between commissions and due diligence costs, starting a business can be overwhelmingly expensive. Or, you could get all that for fifty bucks. Because of the power of the Internet and the operating model of this competition, for only fifty dollars participants get a book full of wisdom on starting a business, a CD packed with legal forms and financial spreadsheets, and most importantly access to and professional feedback from our network, partners, and staff. Do you have business questions, legal questions, tax questions, or even management and operation questions? Post your question on the NLSBizNetwork Forum and a professional will respond. A tremendous value is provided before we even talk about the prizes.

NLS Venture Capital is looking for a million dollar idea and we are willing to pay a million dollars for it!  This contest may just be your big chance.  In addition to a million dollars in equity funding, we will give away cash awards of $5,000, $25,000, and $50,000 to many other contestants.

Who says that only those who attend certain schools, come from certain circles, or have certain access can have a great idea? Whether you are an experienced entrepreneur or just have a fresh idea, this program is designed to find you an put you on the track for success. Your idea does not have to be ready to register. If you join as a member of our network we will help you get it ready. To simply register for the competition for FREE, click here to begin the process. If you would like to receive a copy of the "You're in Business!" Startup Kit and be directed to resources for assistance in producing your plan sign up for membership in the NLS Business Network with access to CPAs, MBAs, VCs, and multimillion-dollar business heads, choose one of our premium options here. Utilize the time, guidance of the Startup Kit, and the resources of membership in our network to refine your idea into plan and then email it to us.  Only one entry is permitted.

For $50 you can buy our premium membership package which includes:

  • Automatic Enrollment in the Competition
  • Comprehensive workbook on starting a business
  • CD loaded with legal forms and financial spreadsheets
  • Access to post questions with our CPAs, attorneys, and business analysts
  • Professional feedback on your business plan and strategy
  • Peer-to-peer Network Opportunities through our Forum
  • Opportunity to receive cash grants and equity funding (beyond the listed prizes)
The Contest is comprised of three rounds of judging. After a round of judging by business experts, one hundred semi-finalists will move on to a second round. Moving to the second round entitles the selected participants access to invitation-only events to broaden the participant’s network in the larger entrepreneurial community. The second round of judging will identify twenty finalists, all of whom will have their plans reviewed by investors. The final round of judging will identify at least eight cash prize winners (subject to provisions in the Official Rules), one of whom will have the opportunity to receive one million dollars in equity financing. All winners will be selected on an objective basis as determined by the criteria set forth below. This competition is void where prohibited by law.

Grand Prize: $1,000,000 in equity financing by NLS Venture Capital.

First Prize: $50,000 cash

Second Prize: $25,000 cash

Third Prize: $5,000 cash

While simple entry in the competition is absolutely free, for the one-time fee of fifty dollars, participants receive entry in the Million Dollar Idea Competition, membership in the NLS Business network with access to investors and other entrepreneurs, a monthly newsletter with invaluable advice from successful business leaders, and the “You’re in Business!” Startup Kit, a package that is worth much more than this one-time fee. More than that, your business will be examined by business experts headed by a panel of CPAs, MBAs, and VCs and, whether or not your business is selected, you will receive qualitative feedback on your plan. It can cost tens of thousands of dollars to have a business concept examined by such professionals.

The process is very simple and you can proceed in any order, but  no entries will be considered and you will not have access to member benefits until registration has been verified.  The Contest begins on July 1, 2011 at 6:00:00 A.M. Eastern Standard Time (EST). Registration will close and all entries are due by December 30, 2011 at 11:59:59 P.M. Eastern Standard Time (EST).  NLS may choose to close registration early in the event that the target number of registrations is reached.  The Contest ends on March 30, 2012 at 11:59:59 P.M. Eastern Standard Time (EST). IT IS STRONGLY RECOMMENDED THAT YOU REGISTER AS EARLY AS POSSIBLE.

The competition is open to adults (18 and over) who are legal US residents from the time of entry through May 26, 2012. This competition is subject to all of the terms and provisions of the official rules and in the event of any conflict between the official rules and the provisions of any document, statement, or representation of NLS Venture Capital or its representatives whatsoever, the official rules shall control.  If you have additional questions, please visit our FAQ web page.