Thursday, January 10, 2008

Some More Tips For Availing Business Grants

In my last post I offered some tips to avail business grant if you want funding for your small business. Following are some more tips to make business grants a good financing option for your small business.

1) Grants are given on a cyclical basis. Find out about upcoming deadlines and of course there would be a wait for several months for a decision. So don't expect a quick answer because it doesn't happen that way.

2) If your requirement is for larger amounts of funds, one grant would not meet all your requirements, so do tap other funding sources such as banks providing small business financing.

3) Whatever you do don’t lose your business focus. Keep watching your business process. It's easy to get distracted by the allure of grant money and this can become the focus of your energy rather than building your business.

3 comments:

Anonymous said...

Nice article. I'll have to keep this one in mind, because I plan on buying a business soon. I want to buy one instead of starting one from scratch, because I think it'll be easier for me. I've been looking one to buy, but I haven't had much luck. Do you have any suggestions? Thanks.

Anonymous said...

@Brendan -- I suggest looking into small business groups in your area, like your local Chamber of Commerce. They might be able to help you.

There's also BizTrader.com, which is an online global marketplace where you can invest in, buy, and sell a small business. There are plenty of businesses to choose from, so I'm sure you'll find what you're looking for. You can also use it to find a lender or find a broker, should you need either. Good luck!

Anonymous said...

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Susan

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