
Big Ideas Start Small
The My First Business Competition encourages kids in K – 8th grade to turn their creativity into action. From neighborhood services to handmade products, kids learn how ideas become income — and how effort leads to results.
Participants explore what it takes to start a simple business, practice problem-solving, and build confidence along the way. Families have the opportunity to support, encourage, and celebrate the process together.
The competition is open June 1 – July 31, giving kids plenty of time to plan, create, and share their ideas.
Enter the ContestHow it Works!
Participating in the My First Business Competition is simple — and fun! Kids get the opportunity to think creatively, solve problems, and experience what it feels like to turn an idea into a real business.
Step 1
Come Up with a Business Idea
Think about something you enjoy doing or something you’re good at. Great first businesses can be simple — like pet sitting, baking, tutoring, yard work, crafts, or helping neighbors.
Step 2
Complete the Business Plan Ad-Lib
Fill out the Business Plan Ad-Lib on this page. It helps you describe your idea, how your business works, and why customers will love it.
Step 3
Parent Approval
After submitting the Ad-Lib, we’ll send a permission form to a parent or guardian so they can approve your participation.
Step 4
Share Your Idea
Participants may create a short pitch video their parents can share on their Instagram account. If you invite us to collaborate @myfirstnestegg we’ll share as well.
Step 5
Judges Review Entries
Our judges will review submissions based on creativity, effort, and how clearly the idea is explained throughout the pitch.
Step 6
Winners Announced
August 30th

Your First Business
Understanding business entrepreneurs — turn your ideas into real business steps.
Start CourseBuild Your Idea with Confidence
Our Entrepreneurship Module helps kids turn an idea into a real business step-by-step. It’s the perfect way to strengthen competition entries while building creativity, problem-solving skills, and confidence.
See a Winning Idea in Action
Watch an example pitch to see how a great business idea can be explained clearly and confidently. This short video helps kids understand how to share their idea, highlight what makes it special, and present their business in a way that’s easy for others to understand.
Open to legal residents of the United States and Anguilla. To participate in the My First Business Competition, children must be enrolled in Kindergarten through 8th grade and have permission from a parent or legal guardian.
Entries should reflect the child’s own ideas and effort. Parents and guardians are encouraged to support and guide participants, but the goal is for children to do as much of the thinking and creating as possible.
Participants may submit a written description, drawing, or short video explaining their business idea. Businesses do not need to be fully launched to enter, but ideas should be realistic, age-appropriate, and safe.
The competition is open from June 1 through July 31, 2026. Entries submitted after July 31, 2026, will not be considered.
Three winners will be selected based on creativity, effort, and clarity of the business idea.
Prizes for 2026 are:
- 1st Place – $300
- 2nd Place – $200
- 3rd Place – $100
No purchase is necessary to enter or win.
Entry must be submitted by a parent or legal guardian, or with a parent or legal guardian’s consent and supervision.
Employees, contractors, and immediate family members of My First Nest Egg are not eligible to win.
My First Nest Egg reserves the right to disqualify any entry that is incomplete, inappropriate, unsafe, fraudulent, or otherwise not aligned with the spirit of the competition.
All judging decisions are final and made at the sole discretion of My First Nest Egg.
Entrants retain ownership of their business ideas. By submitting an entry, parents and participants grant My First Nest Egg a non-exclusive, perpetual, royalty-free license to display, reproduce, publish, distribute, and share submitted materials, including written submissions, drawings, photographs, videos, and business ideas, for educational, promotional, marketing, and competition-related purposes.
As a condition of receiving a prize, winners and their parent or guardian must agree to allow My First Nest Egg to use the winner’s first name, age, photograph, video submission, and business idea on My First Nest Egg’s website, social media channels, educational materials, marketing materials, and other promotional content without additional compensation.
By submitting an entry, parents or guardians confirm that they have read and agree to these rules, give permission for their child to participate, and represent that the submission is the original work of the participant.
By participating, entrants and their parents or guardians release and hold harmless My First Nest Egg, its officers, employees, contractors, and affiliates from any claims, damages, or liabilities arising from participation in the competition or acceptance of any prize.
Void where prohibited by law.
Our goal is to celebrate creativity, encourage initiative, and help kids experience the confidence that comes from building something of their own.
Past Winners

2025 Winner
Winner Chloe is all smiles in a sample from her Christian-based clothing line, Worn with Purpose, and is excited to celebrate this accomplishment!

2025 Winner
As a winner, Cooper is proudly holding the shirt he designed and is investing in more inventory to grow the brand!

2024 Winner
Winners, Wyatt & Colton, are expanding their window washing business with their cash prize!

2024 Winner
Our winner, Magnolia, is taking her art gallery business to the next level with her cash prize!

2024 Honorable Mention
Bennett earned an Honorable Mention and prizes from our partner City and County Credit Union for his impressive business, Robot Amazing.

2023 Winner
Our winner, Evvy, is taking her cake baking business to the next level with her cash prize!
2025 Winner
Winner Chloe is all smiles in a sample from her Christian-based clothing line, Worn with Purpose, and is excited to celebrate this accomplishment!

2025 Winner
As a winner, Cooper is proudly holding the shirt he designed and is investing in more inventory to grow the brand!

2024 Winner
Winners, Wyatt & Colton, are expanding their window washing business with their cash prize!
2024 Winner
Our winner, Magnolia, is taking her art gallery business to the next level with her cash prize!

2024 Honorable Mention
Bennett earned an Honorable Mention and prizes from our partner City and County Credit Union for his impressive business, Robot Amazing.

2023 Winner
Our winner, Evvy, is taking her cake baking business to the next level with her cash prize!
