The world of entrepreneurship, once evolved among the masculine and the brave has now become a common place among both men and women.

We have seen the tides change and its already far too long since we last heard that this thing is for men and another thing is for women. There no longer is a separation of opportunities, all of us are already playing on the same terrain.

The sad thought though is that there are too few funding resources and help groups for women entrepreneurs. Good funding resources are very crucial especially for women who are just starting out with business. These are rare indeed that is why women tend to resort to using their credit cards, family loans and assistance from friends which in most cases are hardly ever helpful.

But you see, funding for a business is only one of the many problems among women entrepreneurs. They may also be having troubles in building websites, juggling with researches and making press releases for promotions of enterprise. And hey there are also problems in selling one or two of their products and in contacting clients. Though all that may sound difficult, they surely are worth the time of woman entrepreneur.

After all, it is her business she is building in here.

Various organizations and the government has seen all the hardships a woman entrepreneur has to undergo to be able to make it to the supposedly men’s world. This is why they have provided programs for minority businesses to see what its like being among the greats in the businesses, or at least experience some of their glories.

If you are a woman entrepreneur and is interested in getting grants, the first thing you would want to do is to identify if you are qualified for being given a grant.

The most common qualifications are:
1: Obviously, you should be a female or depending on the program, must come from the minority sector
2: You must own the majority share in your business
3: And your business must show lucrative opportunities for growth

There are a number of government and private agencies that provide grants for women entrepreneurs at various levels.

Say for the federal level, women can undergo self-certification and apply for the Central Contracting Registry database from which many government and private contractors gather to search for small business.

Other programs may be seen on local level where advantages are presented and benefits are granted. Its just the matter of finding them and apply for one that you think you can create your real potentials from.

And because of their own commitment to provide diversified services and opportunities, large corporations are also creating grants for women entrepreneurs. Normally, these large companies were mandated by the federal government to create further services to improve their employment base and to create equal allocations for small business owners.

Well, if you cannot be reached by these options you may always turn to your previous employer and create a market for him, make him your first client. Only, you need to be very careful and see if this would actually pass to your previous boss. If you aren’t tactful enough, you might find yourself facing resignation or losing your job. This might be risky but don’t be too afraid. Most former employers do make outsourcing for their previous workers t help them start create their own businesses. After all, this will provide them with an extra chance to leverage their compliance to their set-aside goals.

Be warned though that the application process for grants may be time consuming and very demanding. Oftentimes, the providers set specific time for waiting periods with regards to the processing of the grants for women entrepreneurs. And sometimes, bureaucracies may even take the toll of having you wait for several months before your certification is released.

And being an applicant, please anticipate unusual questions to pop up. These might include those that you would not normally hear or expect.

Keep in mind also that grants for women entrepreneurs are meant to help you have that break and not to supply you with an unlimited meal vouchers. So be on guard. Many agencies and grant providers may even cut out their services to you out of convenience. Meaning, they need not provide an explanation in doing so. They just do most of the time.

Telling you how to develop a complete business plan is just not the same as showing you exactly what needs to be included in one. Below is exactly what you need to include in your business plan so that you have a decent place to start. Here is a quick nine-step guide to what you will need in your company’s business plan:

 

1. The executive summary: The executive summary is what introduces your business strategy to the reader and probably is the most important section for lending institutions. If you can’t convince a grant agency in the first two or three pages that you’ve got a good business proposal for them to listen to and that you’re not going to leave without some funding to help you get started. This summary is also important as a communication tool for employees as well as any potential customers who need to understand your goals and ideas.

2. A small section on company startup: This section of your business plan is where you have to clearly explain the thought behind the company’s creation and how you or your business associate came up with the idea to start your business.

3. Your company goal: You will have to use this section to explain in as few paragraphs as possible what your short and long-term goals for the company are. How fast do you think it will grow? Who will be your primary customers?

4. Biographies of management: This section will be used define your management team and what their purposes are. This section should include information such as the names and backgrounds of lead members of the management team and their responsibilities.

5. The product/service you will offer: This is where it is a must that you include a key piece of information that needs to be included in this section; which will be a discussion of how your pharmacy actually differs from every other business on the market.

6. The market potential: This is the section where you will really want to remember that you’ve got to convince everyone that you’re after is relatively large and growing. You’ll need to do some research for this section.

If you’re planning to open a locally based business such as a jump or bounce house rental near arlington texas, you need to check out the demand for your offering within a certain radius that is based on what you determine is a reasonable distance from your business. If you are planning to open a Web-based business or one that relies on both the Internet and local traffic for revenues, you’ll need to evaluate demand on a local and/or a national basis. You can also seek to get this type of information online as many different sites will perform this analysis for you.

7. The marketing strategy: This is the section where you will have to ask yourself how you plan to tell the world you’re open for business. For example, questions like; Will you advertise in print, television or on the Web or all of these? Will you use online marketing tools like search optimization, to get your company listed on search engines and advertised on other Web sites? You’ll also need to include how much you plan to spend on marketing.

8. A 3-5 year financial projection: This section should have a summary of your expected financial forecasts, including spreadsheets showing the method that you used to reach these projections.

You’ll want to use your balance sheets, income statements and cash-flow projections for the entire period that year. The summary in this section is also where you would tell grant agencies how much money you’d like to get in order to cover your startup costs.

The assumptions that you make in this section will make or break your company’s success. If you’re unsure about using this kind of financial modeling, find a professional.

9. An exit strategy. All good business plans include a section that lays out the benchmarks you’ll use in deciding to call it quits. The strategy could be based on a specific figure, revenue growth, the market’s reception to your idea, or a consensus among top officers.

Are you ready to find a few grants and start applying for financial support in your business? This article will help you do just that.Grants.gov

This is another heavy-hitter grant website that offers over four hundred billion dollars each year in Federal grant money. It is a government requirement that all Federal competitive grants be listed on this website.

You can search for grants by using a keyword search, or a category or agency search, as well as the CFDA number. When you are ready to apply for a grant here, you will discover that it can be done by downloading an application package. Then you can work on it offline and take the time you need to complete it. It can then be submitted online when it is complete. You can also track your application online as well, to see where it is in the process of evaluation and acceptance.

If you choose to apply for a grant at this website, you will need to register with them as either an organization or an individual. Individuals registered as such are only allowed to apply for grants for individuals and not grants for organizations. If you are registering as an organization, you will need to select someone in your organization to be the authorized organization representative who will register with a credential provider.

There is also a helpful e-mail alert feature where they will send you an e-mail describing new grant postings on the site. Here you will find a glossary of the terms that you will see used at the website and a list of frequently asked questions. They also offer an indexed User Guide that takes you through the whole process of finding and applying for a grant at this site.

State and County Economic Development Offices

After you type the above descriptor into a search engine, you will receive a list of different offices. You will want to look for your state and select that one. Each of these sites will usually have a search feature, into which you will type “grants.” You should then get a list of what is available in terms of grants. It might be listed as loans and grants. Many states also offer community service block grants which might provide you with the funding you require. Here you may also find energy efficiency grants, project grants and low-interest loans, job creation tax credits, job creation grants, grants supporting research and technology development, and manufacturing equipment grants.

You will also find links to various state agencies. This is a good place to look at agencies that have something to do with your new business, and see what kinds of assistance are available. Some of the state websites might offer a business gateway, and there you can look for grants as well.

Another related resource that will be useful in the grant-seeking process will be your local Small Business Development Center. This organization can help a new small business find funding sources.

These two resources will give you tons of grant options so use them to your advantage as much as possible.

A successful business often starts with a single idea. Then, with a little help from outside financial resource, this idea is later turned to reality. See the trend here? While we’re not saying that money can make the world go round, it can do a lot of unusual feats, like turning your ideas into dollars, for instance.

But then, there lies a problem. How many bright ideas do you think have people come up with? A thousand? And out of all that, how many of them had been turned into successful business enterprises? Ten? Twenty? Thats because the person who came up with the idea doesnt have the financial means to make his idea work.

Now, what if we told you that there is a way for you to finance your dreams? No, we’re not talking about loans. We’re talking about business grant money.

Unlike a loan, a business grant does not require you to pay back the amount. In fact, thats the reason why many people refer to it as free money because it is, technically, free, though there may be obligations and sanctions imposed.

The great thing about business grants is that it is out there. It exists, though you may have to dig deep to find one that suits you perfectly. And when it comes to federally funded grant money, you may have to dig a bit deeper than usual.

You see, while many private institutions and nonprofit groups offer business grants to enterprising individuals, the real money (a hefty chunk of it, in fact) often comes from government.

Congress allocates about $67 million in business grant money to be distributed to the 57 federal agencies all over the United States. For a simple street-paving project proposal, you may get awarded something around $1,000 – $25,000 in grants.

The only requirement that the federal government imposes is that your business project must be beneficial to the local community or the general public. A search through the Catalog of Federal Domestic Assistance (CFDA) will lead you to two types of business grants: one for rural businesses and one for minority business enterprises.

For a rural business grant, the purpose is to promote sustainable economic development in rural communities with exceptional needs. Since the program gives a strong emphasis on helping existing businesses grow, eligible applications for the grant money for starting a business are public entities and nonprofit corporations that may in turn award money to the residents they serve.

Other eligible applicants for the money for starting a business include Indian tribes on Federal or State reservations or other Federally recognized tribal groups, and cooperatives with members that are primarily rural residents and that conduct activities for the mutual benefit of the members.

On the other hand, minority business grants offered at CFDA is aimed at fostering new minority business enterprises and maintaining and strengthening existing firms to increase their opportunities to participate and receive benefits of our economic system.

Applications eligible for this program for grant money for starting a business are Federal, State or local government entities or quasi governmental entities, American Indian Tribes, colleges, universities, nonprofit organizations, and for project organizations.

New home-based business owners need to tap into all the resources possible. Achieving success means overcoming obstacles and finding solutions to challenges. Starting a new home-based business is, in itself, a challenge, and surprisingly enough, the federal government can be a great resource to help get your home-based business underway.

Start-up funding can be difficult to find. Most banks don’t like to lend money to businesses that haven’t proved their worth yet. Angel investors are one option to getting that much-needed money for starting a home-based business, if you can find one. Although not recommended, using a savings account or cashing in some bonds is another option. Dipping into debt with credit cards is a third, and probably the most popular.

The government has multiple loan funds set up to help start a new home-based business, and this can be a great way to obtain start-up money. Programs for low-income, the disabled, military veterans and more make funding a business venture accessible to many entrepreneurs. Once an applicant has applied for and received a loan, repayment is arranged, usually with very reasonable payment schedules.

Grants are also available through the federal government. Grants ranging from five thousand dollar to six-figure amounts are available for research and development of businesses. Grants are a great funding option for starting a home-based business, because this money isn’t a loan and doesn’t have to be paid back. Consider a grant to be a gift, though it is a gift that you have to apply for and be accepted to receive. Many government agencies offer grants grouped by categories such as agriculture, real estate, and general business.

But there is more to starting a home-based business than money. Knowledge, training and information resources are important. The government has numerous sources for assistance with business development, expansion and renovation, all accessible to small home-based businesses. Your local Small Business Administration office (or the SBA) is the place to call to obtain this information.

The SBA can also help set up small home-based business owners with counseling and training to acquire new skills vital to management and operation. Guidelines for applicants and forms are available through the SBA. There are other services available as well that provide advice on areas such as managing labor relations with employees or improving skills required for business management.

What is important to remember is that new home-based business owners should access any and all available resources possible. A good foundation of business skills and training goes a long way towards operating a successful business. Opportunities may present themselves when they are least expected, take advantage of every bit of help and advice possible. Starting your home-based business with government resources is a great idea, and soon you’ll be well on your way to owning a substantial home-based business.

When starting a business, the money you need to get it started, and the money you will need to make it work is going to be difficult to come by. Starting out on your own, especially with no entrepreneur experience in the past, will make it even more difficult to get the show on the road. Still, you perhaps have always had the dream of running your own business and becoming your own boss, and you are willing to work for it.

Even though you are committed to getting your business on its feet, you are not quite sure you want to have a great idea like a party bus rental service in fort worth, and have to wait for several years to start your business, which would probably be how long it would take you to accumulate the money you would need, and still live. Saving money is so difficult because there is always a need for it and a temptation to take it out of savings and spend it on other things that you may need immediately for emergencies. Still, it may not be such a bad idea.

Perhaps, in your wonderment about how you will get the money you need to start your business, you have considered the government grants you have heard advertised on the TV. Well, as glamorous and as easy as it sounds, getting a government grant for a small business is nearly impossible, especially if you are starting out with nothing. Applying for these types of free money offers can also cost you money, even if you do not get the grant itself.

When applying for a grant, there are often fees attached to that application. Like paying for a book that will give you all the information you need to get a government grant, and paying people money because they tell you that it is normal for them to charge you for filling out an application. Things like this hardly ever work, and those who do get the grant have to go through a lot of extra expenses and a lot of difficult obstacles before they even get the money.

Getting a grant to start a business is extremely difficult, almost to the point where it is not even worth it. It can also take you an extremely long time to apply for all these grants, and in the end, you could very likely end up with nothing in the end anyway. In all honesty, the alternatives to applying for government grants are much simpler and more reliable. At least, if you save your money or take out a loan, you know you are actually going to get the money rather than just hoping on a shot in the dark.

In all reality, the best way you can get the money you need is by saving it up yourself. If you can’t stand to wait that long, get a small business loan. They’re much easier to get and, though free money would’ve been nice, saving up or getting a loan will give you the satisfaction of paying for your business all by yourself.

There are over 5,000 grants available for small business from the EU, central and local government and a wide range of organizations and trusts.

All grants have different criteria and different conditions, some will take the form of interest free loans others will be free grants of cash or they could be grants in the form of advice or business support.

Whether or not you qualify will often depend on where you are based, what business sector you operate in and what you want the money for.

What are Grants for?

This varies according to the type of grant it is. In some areas you can get assisted grants for marketing and export while selective regional assistance gives grants of up to 15% of the start up costs of a project.

The DTI’s Smart Grants, meanwhile, are aimed at helping companies in the technical sector conduct development of feasibility costs. And young entrepreneurs may be able to get loans from either The Princes Trust or Shell LiveWire

The Pro’s

Grants can provide valuable support for start ups and companies wanting to develop particular projects. They often come as a package with additional business advice and support which can prove as important as the cash.

Your local Business Link should be able to point you in the direction of relevant grant schemes and many business support organizations subscribe to a grants database. Alternatively there are companies that specialize in finding and winning you a grant on a no win/no fee basis.

The con’s

With so many grants on offer finding the one that’s right for you can be time-consuming – and then you have to wade through lengthy and complex application forms with no guarantee that your request will be successful. So you should carefully check the terms and conditions of a grant scheme before you even start applying.

There are companies that can help with this as they specialize in finding and winning you a grant on a no win/no fee basis that can make the process easier – but obviously you will sacrifice a percentage of the award if you do it this way.

Most grants will only give you partial funding for a venture or project so you may still have to find a proportion of your funding elsewhere.

Regardless the scenario you’re operating under, you’ve enrolled and it’s going to cost you money. How much? Well that depends on your eligibility for school loans, scholarships, or grants offered by governments (federal and state) or the school itself.School grants have special appeal because, like scholarships, they do not have to be repaid. This gives them that extra benefit over student loans. Grants can be accessed through federal and state government agencies via a detailed application process.The issue of applying for a school grant to help with the financial demands of higher education is certainly something you should consider. If and when you do, there are many resources available to make your application process less daunting.

The best way to approach the school grant process is to talk to the financial aid department at the school you’re interested in attending. A counselor in one of these departments will be able to point you in the direction of federal and state government programs for students.

Another great resource to learn about the process of applying for school grants is the US Department of Education’s website:

www.fafsa.ed.gov

And their web portal entitled Student Aid on the Web, located at:

www.studentaid.ed.gov

There you will find a wealth of information designed to guide you through the process of applying for a school grant.

Once you’ve decided to apply for a grant be prepared to provide detailed information and documentation about your current financial situation. It is also wise to apply as soon as possible, beginning January 1st each year. A separate application has to be made for every year of study.

As stated above, the school you are planning to attend may offer grants through an institutional grant program. They may have in place a process that will help cover the costs you cannot while at their institution. The criteria may be based on your financial situation or there may be no criteria at all: being awarded on academic merit alone.
Private corporations also assist with grant money to children of their employees who, because of stellar academic achievement, earn this reward as part of a company’s goodwill and commitment to the community. If you qualify for this scenario then it’s worth investigating.

Be Prepared

When initiating the process to acquire a school grant, a counselor at the school you plan to attend can help you with the specific requirements and documentation needed for a particular application.

Above All

Assess your level of financial need carefully so you can apply for the appropriate grant. Take these suggestions into consideration:

Secure all documentation required to make a thorough and complete application:
* Social Security number.
* W-2 forms and any record of income earned for the appropriate year.
* Driver’s License.
* Your Federal Income Tax Return, and if married, your spouse’s.
* Your parents’ Federal Income Tax Return if you’re a dependent student.
* Any records of untaxed income (i.e. Social Security, Welfare, Veterans Benefits, and the like).
* IRS Form 1040, 1040A, 1040EZ, foreign tax return, or any other U.S. territory’s tax return.
* Bank statements and any other investment records.
* Your alien registration number or permanent residence card if you are not a citizen of the United States.

Applying for a school grant can be time consuming and a little complicated the first time around. That’s why it is so important to prepare properly for the process, to have the right documentation at the right time, and to take advantage of the counsel available from people who do this for a living. In the end it will be worth it, when you’ve secured the school grant and have one less thing to worry about when it comes time to hit the books.