subject: Finding and Using a Money Grant [print this page] Author: Gregory G Grundl Author: Gregory G Grundl
If you are interested in starting a business of any kind. You would be best off tolook for a type of money grant for startup costs. A few things to think about right away.Therewill bea few things you will need know ahead of time. Like how much money are youin need of. Who will benefit from the funds.You can be sure you will also be required to provide documentationon request. Some planning on your part will be required if you are to going to convince a grantor your need for a money grant makes sense and your cause or ideais worthy of the grant. The fatality rate in your first year in businessis very high. The number one cause of all business failures is not enoughcashflow. That iswhy nine out of ten new startup busineeses fail in the first year. So let say you jumped through all the hoops and yougeta loan from the bankor find investors toput in.All the negotiating you will go through to keep your investors from taking over the business when it does make money is done. Youdo need to paythis money backwith interest. What if things don't work out.Your new business fails for whatever reason. Guess who will be looking for thier money. Exspecially if your investors are family or friends. They can be the most difficult to deal with. I been there done that. The most difficult part of any startup business is getting the funding. That is why a grant is the best way to get started.You might run into some difficulties getting a moneygrant remember you do not have to pay it back. When your receivables start coming in you now have cashflow. You don't have that huge monthly payment hanging over your head. Theeasiest and fastestway tosearch fora money grant and start the application process is to purchase an inexpensive software program. They will help you though they entire process. Mine even helped write the business plan. You can read more about using software to get a money grant.
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