Starting a successful business involves planning, making sound key financial decisions and the implementation a string of related activities, one which should include exploring business startup grants. When you have determined that your business concept is viable, you then have some important decisions to make: How will I structure my new business? What are my plans to continue to evolve and grow financially? While it’s a myth there are available grants to start a business, if you plan ahead and keep an open mind, business startup funding can help you add products and services which evolve supplying a service benefiting the greater need of the people.
Business Startup Grants and Contracts
- Selling to the Federal Government
The world’s leading buyer of goods, services and materials is the United States federal government, by means of purchases totaling more than four hundred and twenty five billion dollars annually. These activities are a viable alternative to new business startup grants. The federal government encourages small and large businesses alike to bid on contracts for a lot of these needs. Federal agencies are required by law to establish contracting objectives, with at least twenty percent of all government buying targeted to small business owners. Selling to the federal government can provide significant business startup funding and the process is not nearly as complicated as you may have been led to believe.
- Selling to the State and Local Government
The most overlooked form of startup grants to help your business evolve is in your back yard: Literally. Your state and local government purchases millions of dollars of services every year and this can be a very viable alternative to business startup grants. Are you willing to be flexible in your offerings? Can you offer a service or a product to your community which fills a need, no matter how small? Is your local community in the midst of a downtown revitalization effort? Answer these questions and you may very well find the business startups funding you need to grow and evolve your business.
- Private and Corporate Business startup Grants for Women
Recently, several recipients got an unexpected phone call from a board of director from the John D. and Catherine T. MacArthur Foundation. In that short conversation, the recipient was officially awarded the sum of five hundred thousand dollars – “no strings attached” which could be used as grants to start a business.
Diversified Startup Grants
Artists are entrepreneurs and while some may be starving, they don’t have to starve for business startup grants for women. In 2012, a dozen literary authors and another dozen artists will receive twenty five thousand dollars in new business startup grants awards funded by The Kresge Foundation. If you’re an author or artist; starving or not, you’re not applying for this grant to start a business – because?
Whether you’re an artist or a candle-stick maker, starting a successful business involves planning, making sound key financial decisions and the implementation a string of related activities. One which should include exploring the full use of business startup grants.