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FREQUENTLY ASKED QUESTIONS
WHO CAN BE NOMINATED?
To be eligible for an award, the nominee must be:
· An owner of a privately held business that is at least two years old. The nominee must
primarily be responsible for its recent performance.
· Active in top level management if he or she is the founder of a publicly held company.
WHO CAN NOMINATE?
Anyone associated with a successful entrepreneur: professional advisor, customer, supplier, banker, lawyer, employee, spouse, or even the entrepreneur himself/herself.
HOW TO JOIN?
The nomination process requires the candidates to submit:
· a completed nomination form
· supporting documents, including the company’s financial statements and essays
The Entrepreneur Of the Year Awards Committee will then interview the nominees and conduct due diligence to arrive at a short list of finalists.
HOW ARE THE AWARD RECIPIENTS SELECTED?
· Nominees will be short-listed based on a financial data ranking system used by all Entrepreneur Of The Year participating countries. An independent panel of judges composed of distinguished personalities from government, business, and academe will select the category winners and Entrepreneur Of The Year Philippines winner.
· The judging criteria include growth in turnover, profit, and employee number. Other factors include degree of innovation, development of creative and ingenious production, marketing and selling techniques, and extent of expansion into local and international markets.
WHAT ARE THE BENEFITS OF WINNING?
Aside from having the opportunity to represent the country in the prestigious World Entrepreneur Of The Year, the other benefits of winning the Entrepreneur Of The Year include:
· Recognition in regional, national, and trade media
· Public relations and other marketing opportunities
· Boost to employee morale
· Enhanced standing with customers and lenders
· Worldwide networking opportunities
WHAT ARE THE KEY DATES?
September to December 2006 - Nominations
December to January 2006 - On-Site Interviews
January 2007 - Judging
February 2007 - Announcement of Finalists
March 2007 - Awards Banquet
June 2007 - World Entrepreneur Of The Year Award Ceremonies
