How to Write a Business Plan for Grants

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A business plan for grants should include specific information about the project, a detailed plan for how the funds will be used and as much information about the plan as possible. Convince a grantor to fund a project through a successfully written business plan with instruction from a writing teacher in this free video on writing.

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Video Transcript

Hi, I'm Laura from youngwritersworkshops.com, and I'm going to talk about how to write a business plan for grants. The first recommendation I have if you're writing a grant is to really pour over the requirements that you're getting from the funder. Every funder has some specific things they want to see in a proposal that they're going to review, and they may give you points--bullet points--about what it is that they want to see in your business plan, so be sure to follow that, whatever it is that you've been given in the RFP. Another good idea is to go back over some successful grants that have been funded by the organization that you're writing the grant to, and notice what other successful proposers have included in their business plans. You basically want to be able to give specific information that will convince the funder that you know what you're doing, you know how exactly you're going to be spending the money, and you're accountable for what you say you're going to do. So you really want to have a plan in place that will, first of all, be efficient, that will not waste any of the funding that you're requesting, and will match up with the proposed... the goal that you're trying to achieve. So try and really stay efficient in your plan. Talk about ways that you're going to maximize other resources that you already have so that you're not starting from the ground up, reinventing the wheel. You're leveraging other things that you already have in place. Include specifics about maybe vendors that you're going to to get materials that you have. The more specific you can be, the more you're really going to make your case that you know exactly what you're doing and you'll be able to hit the ground running when you get the funding. So, just to sum up my advice, look at some of the old grants that have been funded by this funder and mimic their business plans. Be specific, as specific as possible, about how the money is going to be spent. Be sure to include ways that you're going to maximize the money by leveraging some resources that you already have in place, and make sure that you do follow every format that's been suggested by the funder. Those are some ideas about writing a business plan for a grant.

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