Reported and Written by WVUA 23 Reporter Mackenzie KochYoung entrepreneurs competed against one another and presented business ideas for the chance to win $50,000 to help them start their business.University of Alabama students and Tuscaloosa residents pitched business ideas at the third annual Edward K. Aldag Jr. Business Plan Competition on March 26. Young entrepreneurs competed against one another for the chance to win $50,000 toward starting their business.“It’s a great learning opportunity because first of all, entrepreneurship is an engine for building jobs and wealth in our country and our community,” Alabama Entrepreneurship Institute Executive Director Theresa Welbourne said. “So we’re really excited about the growing entrepreneurship ecosystem here in Tuscaloosa.”More than 100 students and Tuscaloosa residents participated in the competition. Some sacrificed much of their time throughout the school year to come up with their business plans, including long days and working over breaks and holidays.“It’s been crazy,” said Zac Rogers, co-founder and co-owner of the Blenz Bowls food truck. “You hear entrepreneurs all the time say it’s like a grind and you’re not doing it for the publicity or the popularity of the thing and we have really been able to testify for that this past fall when we started up.”Young entrepreneurs have to present their business plan along with their product, business competition and financial support necessary to start up. The presentation is a chance to practice what to do when proposing for investment money.“They’re not all going to start their own business,” Welbourne said. “But learning about how to start a business is a skill you can take to any job.”For those who do want to start their own business, they know the level of sacrifice it takes to achieve success.“One of the guys on the panel earlier said that he didn’t meet his wife until he was age 41,” Rogers said. “Me and Riley instantly looked at each other and were just like, oh no.”Along with the $50,000 grand prize, young entrepreneurs had the chance to win additional prizes ranging from $500-$5,000. In total, over $100,000 worth of prizes were awarded in the competition.