It is very easy to apply for and get a small business grant as a veteran. These grants are usually designed with people coming from combat in mind. With the small businesses that they start with these grants, the veterans are able to slide back into civilian life just like any other person while making a living at the same time. With these grants, a war veteran is able to start just about any small business and do something that they love to do. This way, they are helping the community while assimilating with the rest of society much faster.
So how exactly do you go about obtaining a small business grant for veterans? Well, as I said earlier, it is a very simple process. This process is made even easier when you have the right kind of information and guidance to follow. In the next few sections, we will take a look at the various places where you can get small business grants as a veteran and the things that you need to keep in mind when you are applying for one. (more…)
When you are looking to give your business a facelift, there is a lot of work to be done. For instance, you need to make a lot of purchases, repairs and maintenance. With this comes a lot of costs and expenses that you have to cover in order to get the business back in shape. Of course, you have to invest in keeping your business attractive for the customers to keep on coming back. There are a lot of reasons why you may choose to revamp your business such as increasing competition or to promote your brand but either way, you still need lots of money. (more…)
When you are looking to start a business, the main hurdle that you have to overcome regardless what your niche is usually involves financing. Getting financing for your new business is a headache you have to deal with from the very beginning and it is always better if you have the right kind of information before going down on that path. In the next few sections, we will be taking a look at some of the types of business financing that are available and how best to take advantage of them in order to raise the capital needed to get your business off the ground. (more…)
You have come up with a startup business idea, validated it, written a business plan and completed the marketing plan. You have gone the extra mile to memorize your elevator pitch and your small startup is already registered under the required business structure. You may have a viable product and almost ready to go to market with it. Are we forgetting something here? Of course! The money is not yet in the picture. A startup needs capital in order to get started. Financing is the most important aspect of a startup in addition to the business model and the products being sold. The fate of your startup is usually determined by the ability to raise enough capital to sustain the business in the early stages before you can break even.
According to research, inadequate financing comes second after poor management in the reasons why most startups fail. Most of the time it comes down to cash flow and we have situations where startups are forced to close their doors for a couple of months before the money comes flowing in again. (more…)
With the current economic environment, it is becoming tougher and tougher for budding entrepreneurs to raise the capital needed to start or grow their businesses. This is even worse for minority-owned firms. The tightening of lending standards on loans means that minority businesses need to be more vigilant about their sources of funding. According to a recent survey, only 59 percent of small businesses are able to raise the funds adequate to get their businesses running. Most companies are required to have a solid business plan and a good financial track record. It is time that small business owners looked beyond the SBA and traditional lending sources for the funds they need in their businesses. For minority entrepreneurs, minority business grants present a very good opportunity to raise capital. It is always good to look for grants that are specific to a particular minority group, sector, industry or region. This way, you get to increase your chances for getting funded and getting your business up and running in no time. Let us take a look at some of the funding sources for minorities that are worth taking a look at. (more…)