Black Eyed Bean Market is DCEDC Business Plan Contest Winner

Posted on 21. Aug, 2012 by in Local Business

The Door County Economic Development Corporation (DCEDC), in association with the UW-Green Bay Small Business Development Center (SBDC), announced today that Jacob and Pamela Schulz of Sturgeon Bay are the winners of a $1,000 cash award for the best business plan originating from the 11th Annual Door County Entrepreneurial Training Program course conducted earlier this year.

Jacob and Pamela Schulz receiving $1000 cash award for their Black Eyed Bean Market business plan from Sam Perlman, DCEDC Economic Development Manager

Jacob and Pamela Schulz wrote a business plan for their proposed start-up. Their Black Eyed Bean Market will be a retail specialty shop for re-packaged bulk foods, including: spices, dry goods, grains, candies, soups, snack foods, dips and more. Customers will be able to purchase items in the quantities that they want at bulk prices. The shop will appeal to those who cherish baking, cooking, entertaining and eating comfort foods. The market will also have an array of organic, natural and allergy friendly food options. The bulk store experience will provide customers with the best prices, products and variety. The Black Eyed Bean Market seeks to provide a local option for hard-to-find spices, dry goods, organic, natural and allergy friendly products at affordable and reasonable prices when compared to local alternatives. The Black Eyed Bean Market will service the family cook-baker-entertainer-sweet lover.

“Our goal when writing the business plan for The Black Eyed Bean Market was to be prepared to open in Sturgeon Bay in the Spring of 2013″ says Jacob Schulz. “At this time we are seeking the right investor to assist with financing and the need for startup capital. If the storefront does not happen next spring, we will begin to market products like our homemade nut butters next summer through alternative channels including, but not limited to, local farm markets at various locations.”

Jacob and Pamela Schulz were among thirteen students representing eleven start-up or existing local businesses in the class sponsored by DCEDC and the SBDC. The eight-week course covered such topics as Research, Marketing, Organizational Matters, Financial Planning and Projections and Managing Growth, and culminated with each of the participants writing a comprehensive business plan. This was the eleventh year DCEDC has co-sponsored and offered the Entrepreneurial Training Program course in Door County.

“Jake and Pam created a thorough, well-written and focused business plan,” says DCEDC Executive Director Bill Chaudoir. “All of the people who participated in the class are really winners, however. By taking the time to learn the skills of business planning, they have each greatly improved their chances of succeeding in whatever business venture they decide to pursue now or in the future.”

The $1000 award was generously sponsored by Associated Bank, Baylake Bank and Citizens Bank. The award is to be used for business start-up expenses. The Entrepreneurial Training Program course will again be offered in Door County beginning in winter 2013. Contact the Door County Economic Development Corporation for information about the class.

The Door County Economic Development Corporation is a public/private partnership dedicated to improving the economic vitality of the county and its residents. Founded in 1989, DCEDC has been successful in helping existing businesses create and retain thousands of jobs through a myriad of programs and initiatives. Additionally, DCEDC places strong emphasis on fostering entrepreneurial instincts in county residents as well as those who vacation on the Door County Peninsula. Door County Economic Development Corporation offices are located within the small business incubator DCEDC founded in 1997 at 185 East Walnut Street in the Sturgeon Bay Industrial Park.

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