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MNP Grow The North

As an entrepreneurial firm built for entrepreneurs , MNP is proud to support our local businesses by providing the advice and tools they need to succeed in a rapidly changing business environment.

MNP is proud to launch the Grow The North contest to assist existing businesses grow, pivot, adapt and thrive in challenging times. Supporting us is the Economic Development department at the City of Prince George, a team also committed to helping local businesses succeed.

How the Contest Works

Propose your idea, for a chance to win professional business consulting to help make your proposal a reality. MNP’s professionals and specialists will help the winners develop their REAL business idea, providing advice to help make it a reality.

Proposals can be for their business to:

  • Pivot
  • Innovate
  • Expand
  • Build capacity
  • Increase efficiency
  • Safeguard their future business income
  • Become more profitable

Ideas can be anything that will help grow your business, whether revolutionary or evolutionary. All types of proposals are welcome, from performance improvement, managing cyber security, implementing e-commerce solutions – you name it!

There are three Stages to the contest:

Stage 1: Contestants submit a written plan of no more than five pages (plus appendices, if desired) outlining your proposal, identifying the problem, solution and its benefits, estimated budget, and the stumbling blocks they are experiencing in making their idea a reality on their own. Up to six (6) Finalists will be invited to move on to Stage 2.

Stage 2: Finalists will have the opportunity to meet with a MNP practitioner for preliminary advice in preparation for Stage 3 / Live Presentation.

Stage 3: Live Presentation – Finalists present a 15-minute description of their proposal (addressing Stage 1 items) and answer up to 10 minutes of follow-up questions live in front of a panel of judges.

There will be three (3) winners announced.

 

What Will Winners Receive?

 

1st Prize

75 hours of professional business consulting from MNP LLP (approx. value $26,250)

2nd Prize

25 hours of professional business consulting from MNP LLP (approx. value $8,750)

3rd Prize

10 hours of professional business consulting from MNP LLP (approx. value $3,500)

MNP’s consulting services include performance improvement, governance, human resources, technology and e-commerce implementations, research, data analytics, forecasting, capital planning, risk management, doing business outside Canada, and many other services designed to grow the value of a business.

Qualified Contestant

The Business

  1. Must be a bona fide business, owned and managed by residents of Prince George, B.C.
  2. Business has been in operation for at least two years

The Contestant(s)

  1. Must be the owner(s) or manager(s) of the business.
  2. Stage 1: Contestant(s) must submit a written plan of no more than five pages, plus appendices if needed, outlining their idea and type of help required.
    Stage 2: Finalists meet with MNP for a free preliminary session to help prepare them for the live presentation. This must take place at least one (1) week prior to the presentation.
    Stage 3: Contestant(s) making the semi-final round must present their 15-minute proposal live to a panel of judges, and answer follow-up questions (10 minutes). Finalists may have up to two (2) people participate. The presentation can make use of PowerPoint, charts, props and other aids. There will be no audience for the presentations, and they will take place at MNP’s Prince George office, at 800 – 299 Victoria Street in Prince George. COVID-19 precautions will be in place, and live presentations may take place via videoconference call if deemed necessary.
  3. If declared a winner, Contestant(s) will devote required time and resources to pursue their plan.
  4. If declared a winner, Contestant(s) will provide updates to MNP and City of Prince George for at least one year.

Approximate value of prizes: Minimum of $38,500 total. Exact value will depend on type of consultation required by each winner.

Chances of winning will depend on the number of applicants. Chances of one (of 6) semi-finalists winning a prize is 3 in 6.

Prizes are awarded on the basis of skill in Contestants’ development and presentation of a sound business proposition, which will aid their business, as determined by a panel of judges independent of MNP.

No purchase is required.

What is the Commitment from Winners?

If declared a winner, Contestant(s) will devote required time and resources to pursue their plan and schedule their initial session with MNP within one month.

Winners agree to stay in touch with and provide updates to MNP and City of Prince George for at least a year from beginning of prize delivery.

Application Process and Deadlines

  • 1. Application
    Submit your Company Information form and your maximum five-page (plus appendices if desired) Grow the North Proposal to [email protected] by midnight on February 1, 2021.
  • 2. Pre-Selection Committee
    Pre-Selection Committee Reviews all eligible applications and identifies finalists.
  • 3. Invitation to Pitch
    Invitation to Pitch is extended to up to six (6) finalists on February 8, 2021.
  • 4. Meet with an MNP Advisor
    Finalists will have the opportunity to meet with an MNP advisor to help prepare for Live Pitch, by March 4, 2021.
  • 5. Live Pitch
    Live Pitch on March 11, 2021.
  • 6. Selection
    Final Selection Committee Deliberation.
  • 7. Winner
    Winner Announced on March 16, 2021.

    Applicant Tips

    1: Tips for a Successful Application & Presentation

    When it comes to submitting your application and preparing your business pitch, you want to ensure you do all that you can to capture the selection committee’s attention to set yourself apart from the competition.

    2: Know Your Audience (and Tailor Your Application and Pitch Accordingly)

    You know your business like the back of your hand. When it comes to your business pitch, we suggest you tailor your application and pitch to the audience, situation and their level of understanding. This will be viewed by other business owners.

    3: Don’t Procrastinate

    Take some time to review the questions, prepare your responses and think about which supporting documents may be appropriate to supplement your application.





    4: Get Rid of the Fluff

    When it comes to writing your application and preparing your pitch presentation, be concise. Remove any filler and get to the point quickly. If you are invited to present, be prepared to answer questions promptly.

    5: Be Creative

    Think outside the box to capture your audience’s attention. Consider using graphs and images to bring concepts to life. This will help strengthen your presentation and make your product more tangible and memorable.

    6: Create a Powerful Presentation

    While your product and personality will be your greatest tools in any pitch, a solid presentation or pitch deck will help reinforce your words.

    City of Prince George Economic Development

    Together with local and regional partners, the Economic Development Division works toward ensuring the continued strength of the local economy by facilitating the retention and expansion of existing businesses, attracting businesses to expand and diversify the economy, advocating for increased workforce capacity, and marketing the city of Prince George to attract and retain businesses and residents. Contact the Economic Development Division for support related to:

    • Investment Attraction
    • Development Incentives
    • Site Selection
    • City Tours
    • Statistics and Research
    • Business Support
    • Advisory Services
    • Workforce Attraction and Retention
    Office lobby with people walking

    About MNP

    MNP is a leading national accounting, tax and business consulting firm in Canada. We proudly serve and respond to the needs of our clients in the public, private and not-for-profit sectors. Through partner-led engagements, we provide a collaborative, cost-effective approach to doing business and personalized strategies to help organizations succeed across the country and around the world.

    For more details about the MNP Grow The North contest, contact [email protected].