small business

$20,000 Small Business Growth Challenge Seeks Participants

Andrew Frazier has helped more than 500 small businesses grow, achieve profitability and score expansion capital. Now, he wants to help 1,000 businesses grow in 2020. Frazier, an outsourced CFO and business consultant, author and speaker, is challenging small businesses to do better. And, he’s putting his money where his mouth is.

Frazier, a Montclair resident, MIT graduate and US Navy veteran, is the CEO of Small Business Like a Pro. He will be awarding $20,000 in cash, as well as prizes including various business services, to those businesses that enter the SBPro Growth Challenge and can document the most year-over-year growth.

According to Frazier, “The SBPro Growth Challenge will afford small businesses the opportunity to learn best practices, to have access to a proven growth planning strategy and to join a community of like-minded entrepreneurs.”

The SBPro Growth Challenge will help small businesses to establish achievable goals, develop a plan to achieve those goals and an actionable method to implement their plan, according to Frazier. His proprietary methodology is an outgrowth of Frazier’s coaching practice, and is outlined in his book, Running Your Small Business Like a Pro.

Competitors will learn how to improve their marketing and selling strategies and skills with professional guidance from the pros. A series of quarterly rallies culminating in a conference will highlight the program. To keep the playing field level, entrants will be divided into two categories—those businesses with under $100,000 in revenue, and those with over $100,000 in revenue.

The SBPro Growth Challenge is open to traditional business types anywhere in the US that started prior to 2018, with revenues of at least $20,000 in 2019, but under $20 million. Entrants must have at least one full-time owner employed in the business. Competitors will provide quarterly revenue numbers, and finalists will be required to document their growth with profit and loss statements, as well as tax returns. The deadline to enter is March 31. For a description of the SBPro Growth Challenge, complete rules and how to enter, visit: www.SBProgrowthchallenge.com.

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