How to Apply for Women and Minority Owned Business Grants
Many different organisations offer women and minority-owned business grants. Perhaps the trick is discovering which one is the best for you and your business.
Other People Are Reading
Instructions
-
-
1
While it might seem easiest to simply find one and apply, it might not necessarily be a productive use of your time - and it might mean you miss out on the greatest rewards.
-
2
Many applications will draw on similar information, so you might find it easiest to complete all of your applications over a short period of time, such as a weekend - rather than spreading this out over several months. To keep yourself on track, it's best to set this time before you even begin looking at different grants.
-
-
3
Consider involving a mentor in your search for women and minority owned business grants. This is where contacts are so important. Ideally you should choose someone who has a thorough understanding of the issues facing women and minorities in business. A secondary consideration should be finding someone with a wide range of experience within your industry. Schools, churches and colleges are excellent places to start your quest. If you do use a mentor you may find your application process goes more smoothly with a set of experienced eyes to watch over you.
-
4
Rather than jumping straight in, do your homework. Some of the places where you might find leads on grants for your business include:
- Chamber of Commerce: They do much more than provide a meeting place for successful business people. They often have information about area-specific grants, especially smaller pots of funds which may not have the resources to advertise widely.
- Trade associations: Even if you can't afford to join, your industry's trade association may be able to offer advice as a gesture of goodwill to get you in the right direction.
- City or local government: You may be able to find advice here about grants designed to encourage new business within the area - particularly those owned by women and minorities.
- State government: Within your state there will be pots of cash designated specifically for this purpose.
- Any other affiliations: Consider any groups you belong to including religious organisations, schools, colleges and social groups. -
5
Once you have a list of groups to approach, start researching and printing off or requesting application forms.
-
6
Before putting pen (or keyboard key) to paper, read all of the documentation to ensure you meet the criteria and understand what is expected of you.
-
7
Presentation is everything with these types of forms. After all, it shows your commitment to your business and the organisation that you're asking for help from. It's the little things that really count here. Complete each form to the best of your ability and, if possible, type all replies.
-
8
If you have to provide any backing documentation, try to keep this neat and orderly.
-
9
If your budget can afford it, using a high quality paper conveys a feeling a professionalism.
-
10
You may be called in for an interview. Try not to be nervous and remind yourself that you have got through the first stage, so you must be better than many applicants. Dress to look the part and keep it clean, simple and professional. You might want to ask a friend for a second opinion.
-
1
