For startups and small businesses, every dollar counts. It’s the reason why savvy entrepreneurs see the value in purchasing their supplies in bulk. Bulk buying isn’t just about saving money, though that’s a big part of it. It’s also about ensuring you have the supplies you need when you need them without having to pay a premium for last-minute convenience. Below, we’re discussing why wholesale purchases make sense and provide you with a rundown of the basic business supplies you should buy in bulk.
Small Business Grants and Other Funding Options For Entrepreneurs
News, tips, and opportunities pertaining to small business grants and other forms of business funding.
Everything To Know About Small Business Grants and More |
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2023 Small Business Grants For Entrepreneurs
Small business grants are financial awards available to entrepreneurs and business owners who typically have fewer than 500 employees. The funding can come from a government agency, a non-profit organization, or another for-profit company. Awards typically range from $500 to up to $100,000.
Eligibility varies, and can depend on your location, your income, your ethnicity, your gender, your experience in business, as well as your longevity in business. Some small business grants can even require that you participate in a competition or write an essay to demonstrate your talents or need.
Grant funding is often provided to further the growth and development of small businesses - thus the term "Small Business Grants." Other grant programs are created to assist disadvantaged minority-owned businesses - thus the term "Minority Business Grants." Grant funding (fully or partially) essentially means that the money that an applying entrepreneur receives is not considered as a part of his or her own risk. In other words, it’s completely risk free. The amount granted does not have to be repaid. This is much different than a business loan, which does require repayment with interest.
However, they are typically stipulations that grant recipients have to follow. Grantors usually require that the funding be used as indicated on the grant application, and in some cases (especially for large grant amounts), regular reports have to be made to the grantor to show that the grantee is using the funding appropriately. Some programs, though, have no stipulations at all, and how the funds are used is entirely up to the recipient. Here are some of the top small business grant opportunities for US-based businesses: |
Strategies To Increase Your Company’s Brand Recognition
You want your target customers to be aware of your brand and what your company stands for. Making customers remember and recognize your products or services based on branding alone is a feat in and of itself. Brand recognition focuses on your customers’ ability to identify your company just by visual and auditory advertorial traits. Increasing your company’s brand recognition goes hand in hand with improving brand awareness and trust from customers.
4 Clever Ways To Market Your Fruit Stand
With the rising organic and local food movements, now is the best time to own a fruit stand or start one from scratch. Whether you’re already a mainstay at your town’s farmers market or installing your first roadside stall, effectively marketing your fruit stand is key to growing your customer base. Use these clever ways to market your fruit stand and elevate it from a regional favorite to a community icon.
3 Reasons Your Business Needs Custom Stationery
Stationery may seem relatively straightforward, and in many ways, it is. However, custom stationery is an essential tool for businesses that has ripple effects across your offices, the customer experience, and beyond. Uncover the top reasons your business needs custom stationery so that you can use it to elevate your workspace immediately.
How To Choose the Right Packaging Material for Your Product
Finding that perfect packaging solution in a market overflowing with choices can feel like searching for a needle in a haystack. Choosing the right packaging material for your product is about more than just protection; it’s about eco-friendliness, cost efficiency, and ensuring your product reaches the consumer in top condition. If you’re a small startup experimenting with your first product line or looking to revamp your packaging strategy, this guide will help you choose the perfect packaging material for your product.
What You Need To Do Before Bringing On a New Hire
Thinking about expanding your team? If so, this can be a very exciting time for your small business or startup. Bringing on a new team member signifies growth and opportunity, signaling that you’re moving in the right direction. However, before you rush into the hiring process, there are crucial steps you should take to ensure a smooth and successful start for your new employee. Keep reading for our rundown of what you should do before bringing on a new hire.