Reasons to be profitable contest
Deadline to enter: November 12th, 2023
No purchase necessary | Terms & conditions apply
A contest by Relayâbusiness banking that gives you complete cash flow clarity. Hosted by Mike Michalowicz, Author of Profit First.
Tell us why youâre
putting profit first
To build a lastingâprofitableâbusiness you need a why. A reason to keep up the hustle, inspire your team, and trudge through the tough stuff. Yours might be freedom, something to prove, serving loved ones, or shaping your community. We want to hear it, reward you for it, and bring you closer to making that why a reality.
Two steps to enter,
multiple ways to win
First, enter Relayâs Lucky Draw. Nextâif you want a chance to win even moreâapply to win the Grand Prize by completing Step Two. Submit your entry by November 12, 2023, 11:59 p.m. Eastern Time.
Enter the Lucky Draw
Weâre giving away $500 to 50 lucky businesses! Sign up below to get +1 ticket. You can increase your odds (and get more tickets) by sharing your #ReasonsToBeProfitable on social media, and by opening a Relay account.
Enter the draw
Share your story on social using hashtag #ReasonsToBeProfitable and tag @bankwithrelay
Open your Relay account
Compete for the Grand Prize
The Grand Prize winner will be selected by a panel of judges. To get a shot at the $50k or the runner-up prizes, complete all of the application steps below.
The judges will weigh each submission and business based on the following: Storytelling, Impact, Grit, Innovation, Financial Lessons, Future Plans, and Reasons To Be Profitable.
You will also need to open a Relay account (or already have one).
*For alternative methods of entry, please see our Terms & Conditions
The cash-flowing prizes
Winners will get cash (+ extras) they can put to work right awayâbringing them closer to making their why a reality. Winners will be announced in December, 2023.
$50,000 Grand prize
In addition to the cash prize, the winner will get:
- 1 year in âThe Legacy Leagueâ to rub shoulders with the best under Mike Michalowicz's guidance
- Mikeâs Bookshelf: Get all of Mikeâs books and dive deep into the world of profitability
- Tiny Business, Big Money by Elaine Pofeldt
- The Bad Bitch Business Bible by Lisa Carmen Wang
- Profit First coaching from a Certified Profit First Professional with experience in your industryÂ
- 1 year of a Relay Pro subscription, paid by Relay
- Relay swag to flaunt your success
- A trophy to remind you of your winning reason
$15,000 Silver Spotlight
On top of the cash, youâll also receive:
- All of Mikeâs books. (Knowledge is power, and Mike's got plenty to share.)
- Elaine Pofeldt and Lisa Carmen Wangâs books
- Relay swag to let others know youâre in the club
$10,000 Bronze Bonanza
- All nine (9) of Mikeâs books
- Elaine Pofeldt and Lisa Carmen Wangâs books
- Relay swag to show off your money mastery
$500 x 50 Lucky Draw
Feeling lucky? You might just snag it!
How to win $50,000
Grand Prize entries will be evaluated in a blind judging process. Hereâs how to make your application stand out.
Share your story
What does your business do, and how did it start? Stay authentic and be detailed.
Speak to your
your impactWhat impact are you creating for your customers and clients, your community or your loved ones?
Tell us about
your resilienceWhatâs a major challenge your business has experienced in the past year and how did you overcome it?
Explain how youâre
innovatingWhat are the tools, methods, mindsets, technologies, strategies are helping you succeed?
Impart your
financial lessonsWhat financial lessons or advice would you tell your former self?
Open a Relay account
To be eligible for the Grand Prize, open a Relay account, it's free to apply! This required step will help us verify your entry. (Already have one? Great, youâre ahead!)
You'll Join the 100K Profit Club too
Weâre building a community of 100,000 permanently profitable businessesâthe 100K Profit Club. The contest marks the kick-off of the club, and by entering youâll be a founding member. We have a lot more planned, so check out whatâs coming next.
Learn about 100K Profit ClubThe Judges
No contest is complete without a panel of judges with a wealth of experience, insight, and passion for entrepreneurship. Let's get to know them.
![Brian Thompson,[object Object]](/images/contest/headshot-brian.png)
Brian ThompsonJD, CFP
Entrepreneur, tax attorney, and Forbes Senior Contributor, Brian is a champion of mission-driven businesses.
Ron Saharyan
Co-Founder of Profit First Professionals, Ron brings a wealth of hands-on business advisory experience.
Lisa Carmen Wang
4-time National Champion gymnast turned entrepreneur, Lisa knows grit as the Founder of Bad Bitch Empire.
Mike Michalowicz
The Author of Profit First and other game-changing books, Mike has transformed the lives of countless entrepreneurs.
Elaine Pofeldt
Author and business journalist with insights to share, Elaine has written for FORTUNE, Money, CNBC, Inc., Forbes, and more.
Brought to you by
An online banking and money management platform that puts you in complete control of your cash flow. With no account fees, up to 20 individual checking accounts, savings accounts that earn you 1.00%-3.00% APY1 and detailed transaction data, Relay is business banking that truly keeps you on the money.
A bestselling author who has changed the lives of countless business owners thanks to the simple and deeply powerful Profit First method. The author of Profit First, Clockwork, The Pumpkin Plan, Fix This Next, Surge... and many more. Mike has reshaped how businesses approach profitability and growth.
What is the deadline to enter the contest?
Contest entries will close at 11:59pm Eastern Time on Sunday, November 12th, 2023.
Is my business eligible to enter the contest?
The contest is open to small and medium businesses that are registered to do for-profit business in the United States. Business entity types that can enter include LLCs, Partnerships, Incorporated Businesses, and Sole Proprietors.
Industries that are not supported by Relay are ineligible to enter the contest. For a full list of industries Relay doesnât serve,
I own multiple businesses. Can I enter multiple times?
Applications are limited to one entry per business owner. While we encourage you to talk about your multiple businesses in the application and tell us the story behind all of themâthe judges will ultimately want to hear about the people behind the businesses.
I do not own a business; can I still enter the contest?
The contest is only open to US-registered business entities (LLCs, Partnerships, Incorporated Businesses, and Sole Proprietors). Individuals who do not run a business and/or are not a beneficiary owner of a US business entity are not eligible to enter the contest.
My business isnât profitable yet; is it still eligible?
Yes! This contest is focused on businesses who are committed to long-term, sustainable profitability. Whether your business is already profitable or you are taking your first step towards profitability today, we encourage you to enter.
How do I enter my business?
To enter the Reasons to be Profitable contest simply fill out the form in its entirety on this page.
Can I enter the Lucky Draw without entering the Grand Prize competition?
Yes! You can enter the Lucky Draw by completing Step One on the contest entry page. Youâll be entered in the draw as soon as you do! Submitting an application through Step Two is optional.
Can I enter the Lucky Draw today, and the Grand Prize competition later?
Yes! You can enter the Lucky Draw today, and then submit an application with a full entry into the Grand Prize competition at a later time.
How will you select the winners for the Grand Prize?
Our panel of judges will evaluate the applications through a blind judging process (i.e., with personally identifiable information removed from the application). The winners will be evaluated based on their provided Reasons to be Profitable, their Storytelling, Impact, Grit, Innovation and Financial Lessons. For more information on the selection process, please see the
.
How will you choose the winners for the Lucky Draw?
The 50 Lucky Draw winners will be chosen at random. Those who have taken additional (optional) actions, like sharing their Reasons to be Profitable story on social media, or opening a Relay account, will have more tickets entered into the random draw.
How do I increase my odds of winning the Lucky Draw?
Each Lucky Draw entry gives you 1 Ticket. Sharing the story behind your business and your reasons to be profitable on social media with the hashtag #ReasonsToBeProfitable and tagging @bankwithrelay gives you an additional 5 tickets. Opening a free Relay account gives you another 5 tickets.
Are there alternative methods of entry for the draw?
For an alternative method to receive additional tickets, you can "Like" or âReshareâ our official contest social media launch post on Twitter, Facebook or Instagram (for an additional 5 tickets), and you can subscribe to our On the Money newsletter (additional 5 tickets). For more information, see the
. Note that these are alternative methods to the ones listed above, and do not increase your maximum potential number of tickets beyond a maximum of 11 tickets.
How do I know Relay received my entry?
You will receive a confirmation email after you submit your entry. It may take up to a few minutes for the confirmation email to reach your inbox. Please also check your spam folders to confirm it didnât land there.
What can I spend my Prize money on?
Running your business! Have you been waiting to make capital upgrades, save for the slow season or give back to your community? Now is your chance.
Is the prize money taxable?
The prize money may be taxable depending on the jurisdictions that cover you and your business entity. All federal, state or other taxes that may apply due to the receipt of a prize will be the sole responsibility of the recipient.
How is the 100k Profit Club different from the contest?
The Reasons To Be Profitable contest is a one-time competition with $100,000 in cash prizes for small business owners. The $100K Profit Club is a community of business owners who are committed to long-term, sustainable profitability. When you enter the contest, youâre signing up for the Profit Club as one of its founding members!
I have more questions! How can I reach you?
Please email us at profitclub@relayfi.com if you need any more information.
Who do I contact for media inquiries?
For media inquiries, please reach out to us at marketing@relayfi.com.