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Reasons To Be Profitable Contest
Profit First banking platform Relay is inviting small business owners to share the why behind their entrepreneurial drive and enter the Reasons To Be Profitable Contest for a chance at $100,000 in cash prizes.
No matter where you are in your business journey, Relay wants to hear from you. The Reasons To Be Profitable contest will reward entrepreneurs for sharing the motivations behind building lasting, profitable businesses. The contest will be hosted by Mike Michalowicz, author of "Profit First," and adjudicated by him and a panel of four more judges.
Michalowicz says the contest gets to the core of building a permanently profitable business: the impact that you can create not just in your life, but for your employees and your community. “Small business isn't the backbone of the economy, small business is the economy. I'm excited to reward entrepreneurs who are committed to building a permanently profitable business. Their success impacts us all."
Prizes are designed to help winners get closer to achieving their goals—whether that be business growth, financial freedom or community impact.
Reasons to be Profitable Contest prizes
- Grand Prize — $50,000 in cash. Plus, one year in The Legacy League with Mike Michalowicz, a year of Relay Pro subscription (paid for by Relay), and more!
- Silver Spotlight — $15,000 in cash, Michalowicz's complete book collection, and more.
- Bronze Bonanza — $10,000 in cash, Mike's books, and more.
- Plus, a random Lucky Draw where 50 winners will receive $500 each.
The contest is open to all US business entities, and business owners are invited to complete their applications on Relay's contest page by Nov. 12, 2023.
Relay is a business banking platform that puts business owners in control of their cash flow. Earlier this year, Relay became the official banking platform for Profit First and Profit First Professionals. Profit First is a behavioral-based cash management methodology, developed by Mike Michalowicz to help small business owners increase profitability.
Yoseph West, Relay's co-founder and CEO, says building a lasting, financially sustainable—profitable—business takes everything you have. “Most of all, it takes purpose. We're on a mission to help you succeed and fulfill that purpose, and the ‘Reasons To Be Profitable Contest’ is here to propel you toward it."
How to win the $50,000 Grand Prize
The winners of the Grand Prize, the Runner-up and the 3rd place will be determined by a panel of 5 judges. It includes: Michalowicz, author of “Profit First;” Lisa Carmen Wang, author of “The Bad Bitch Business Bible;” Ron Saharyan, co-founder of Profit First Professionals; Elaine Pofeldt, business journalist and author of “Million-Dollar, One Person Business;” and business advisor Brian Thompson, JD, CFP®.
The judges will evaluate each application based on storytelling, the impact created by the business, the resilience they have built to get where they are today, how the business is innovating, what financial lessons the entrant has learned along the way, and their reasons to be profitable.
To be eligible for the grand prize, participants will need to open a Relay account, as this step will help Relay verify their business, and it's how the winners will receive their prizes.
$500 x 50 Lucky Draw
In addition to the judged contest, Relay is also running a Lucky Draw, where they will raffle off $500 to 50 businesses. To enter the draw, all you have to do is complete Step 1 of the entry by providing your basic information on the contest page. (You do not need to complete the full application to enter the Lucky Draw).
For more details about the contest, eligibility criteria and how to participate, visit the official announcement. No purchase necessary. Terms & Conditions apply.
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