A novel new online competition has been launched that aims to source, find and register some of the best advice from business owners about making a wide range of business decisions in the hope of building a practical online resource for budding entrepreneurs.
Launched in early August, the World Best Business Decision Competition aims to build a databank of decisions that will be made available to entrepreneurs globally so that the next time they need to make an important business decision around any area of their business they can first learn from the hindsight of other budding entrepreneurs.
This virtuous initiative is backed by serial Aussie entrepreneur Creel Price, pictured right, who co-founded Blueprint Management Group at aged 25 with just $5,000 in capital and sold it within a decade for over $100 million. Price attributes much of his success to his ability to making good, effective decisions over the course of his career in business, and through the World Best Business Decision Competition he is now on a mission to create a platform for other entrepreneurs to do the same.
As an incentive to increase participation from business owners in the burgeoning days of the online resource, over $40,000 in prizes are up for grabs to entrepreneurs and would-be entrepreneurs who share their business experience and advice on the website before midnight on Sunday September 30. The person who registers the best overall business decision on the website will receive an ultimate growth adventure to the Branson Centre of Entrepreneurship in South Africa, valued at $8,500.
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