Montana Entrepreneurs Participate in Conference Competition - ABC FOX MONTANA NEWS, WEATHER, SPORTS - KTMF/KWYB

Montana Entrepreneurs Participate in Conference Competition

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BUTTE -

Before Thursday's break-out panel discussions, the small business development conference got underway today with their own from of the "Shark Tank".

Six entrepreneurs pitched their small businesses to a panel of "sharks", with a chance to win $1,000.

"One night we just said, "What is a product that everybody needs, where there's guaranteed sales?" Tampons," said Jordan Goldsmith.

Entrepreneurs Jordan Goldsmith and Craig Koller are starting a business with the hopes of making money while giving back to those in need.

They plan on doing both by selling tampons.

"Our idea is a one-to-one sale, social entrepreneurship that sells feminine hygiene products to women in the U.S. who will then, by purchasing through our online experience, a culturally-sensitive equivalent for women in a developing nation," said Koller.

Their company, Tampout, will set aside a percentage of sales income to donate to a non-profit organization that helps women become educated in third-world countries.

"It's this social-entrepreneurship that's kind of part of this millennial generation," Koller said. "Consumers are really willing to support companies that give back, and that's what we want to tap into."

The two men selling tampons and five other small companies took their business models and pitched it to "the sharks".

In this case they were judges, where the two hope to gain some knowledge about their idea.

"It's really just getting our idea out there, and making sure we have a valid business model," said Koller.

The two gave their pitch to the judges.

They now have a chance to win $1,000 to go towards their tampon business.

The winners of Wednesday's Shark Tank competition will be announced Thursday evening at the Small Business Development Conference.

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