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.
There are a ton of things to consider when you’re opening a restaurant. Obviously, you’d like to make some money off of your business, and the best way to do that is to make sure you’re keeping up with industry standards.
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Everything To Know About Small Business Grants and More |
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2021 Small Business Grants For Entrepreneurs
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: |
How To Start a School Supplies Store
There’s a huge market for school supplies, as many families purchase new materials each year for their kids’ new academic curriculum. It’s a stable business, as education will remain essential regardless of the economy, and most school supplies are nonperishable. If you didn’t jump on the opportunity to make money supplying students with their back-to-school basics this year, you can hunker down this summer to have a school supplies shop ready by next fall. Discover how to start a school supplies store to properly prepare yourself this summer.
The Importance of Marketing for Small Businesses
When a business owner is working on getting their new store open for business, one of the last aspects they’re likely thinking about is marketing. However, it should be one of the first. Most of them write it off because they believe the only thing marketing involves is commercials, which they can’t afford yet anyway. This is a huge misconception that we’re hoping to stomp out today with our guide to the importance of marketing for small businesses.
Critical Mistakes People Make When Opening a Restaurant
Running a restaurant means taking on responsibilities throughout the entire business, whether that’s ensuring there’s enough soap in the bathroom or getting your cooks the necessary ingredients. But there are some critical mistakes people make when opening a restaurant that can mean an early death for the company. You must go into your business endeavor with a clear strategy and an ability to find solutions to multiple problems.
3 Reasons To Install Wood Flooring in Your Office
The way your office feels and looks affects how you and your team work. That’s why business owners should strive to design a pleasant, comfortable, and healthy office for their business. Your flooring choice plays a huge role in accomplishing this. Many business professionals choose wood flooring for their workplace. From easy maintenance to long-lasting beauty, here are three reasons to install wood flooring in your office.
How To Introduce New Products To Customers
When small businesses work hard to gain a following of loyal consumers, it can be nerve-wracking to release new products. While maintaining brand consistency is important for any small business, exploring new industry products is also essential for growth. In this blog, we’ll offer our advice on how to introduce new products to customers successfully.
