Women can start a home-based business using grant money
Are you going to start a home-based business or a small business not based on your home? If so, it is imperative to remember that several foundations and organizations provide grants for helping with such an endeavor. One of the most crucial things you need to remember about getting approval is that these grants are not given away to everyone who is eligible to apply. There are indeed several grant offers but that does not mean it is enough to be given away for all the aspiring entrepreneurs. This is exactly why knowing the criteria for each and every grant becomes all the more important. Applying for grants whose criteria does not fit you will only lead to application rejection. Even if you do fit the criteria and apply for a grant, there is no guarantee you will receive the award. In some cases, the award might go to a economically disadvantaged person who demonstrates great financial need, while in many other cases, the award will be given based on who writes the most compelling grant proposal.
Know which grants exactly suit your small business:
It is well known that the whole procedure of researching on the grants, applying countless times and waiting for approval will be tiresome. But considering the cash you receive for free, you cannot deny that it is worth the wait and effort. The first step you need to take is sorting out the grants available. Like we indicated earlier, forget the grants that are not catering to your small business niche and apply for those which target your type of business. And if you do not meticulously write the grant proposal, your application will not be favored over others. It will certainly be a tough competition, and you will have to do more than your best to win the award. You can get a hand from a person who has obtained grants in the past and make him go over your grant proposal to see if it is in line with what is expected of it. This will be highly helpful and a confidence booster to yourself before you wrap things up. If your application gets rejected despite all the work done, look at the other available grants and apply for them. Do not fear changing slightly or writing a new grant proposal if you feel that you can do better. A neat, well-organized proposal is one of the keys to getting a grant for small business.
Note: While coming across grants for your small business, you might bump into several grant opportunities that only consider applications from nonprofit organizations. Such grants are will not be offered to those seeking for-profit small business grants.
A short list of business grants for women to get you started:
Here is a short list mentioning a few business grants given to women starting a small business. Remember that only a few grant offers are listed below. You will need to do an extensive search to ensure you do not miss out on free grant monies.
1. Idea Cafe Small Business Grants – open to African-American women,
2. peaChic grants – a grant open for application by women aiming to launch their business or expand a business.