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2020 Small Business Grants For Entrepreneurs

Business grant recipients 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:

Amber Business Grants For Women Dare to Dream Grant Program
DOT Disadvantage Business Enterprise Program Fedex Small Business Grant Contest
Huggies Mom Inspired Grant Program Intuit "Love Our Local Business" Competition
Miller Lite Tap the Future® Business Plan Competition Minority Business Development Agency (MBDA) Business Grants
National Association for the Self Employed (NASE) Growth Grants SBIR and STTR Grant Programs
Small Business Administration (SBA) Funding Programs StreetShares Foundation Veteran Small Business Award
USDA Rural Business Development Grants VetFran Business Grant Fund
Women's Business Center (WBC) Grant Program  

The Latest Opportunities and Advice For Small Businesses:

Things all Successful Businesses Have in Common

Things all Successful Businesses Have in Common

Successful companies often share certain similar traits. One way to kickstart your success as a business owner is to copy what has worked for other businesses in the past. While we aren’t advising imitating the products or services they offer, incorporating certain key qualities that they possess into your own company could boost your chances of success. To join the big leagues and take your business to the next level, consider applying these things all successful businesses have in common to your own company.

Benefits of Polished Concrete for Your Business

Benefits of Polished Concrete for Your Business

Commercial buildings require high-quality equipment, great employees, and a well-kept facility. However, these buildings often neglect the quality of their floors. This part of the building gets abused throughout the day from walking, machinery, spills, and so on. We encourage you to consider these benefits of polished concrete for your business.

3 Tips for Marketing to a Wider Audience

3 Tips for Marketing to a Wider Audience

Every business wants to grow, and one of the best ways to do that is by boosting your marketing strategy. By targeting a wider range of customers, you help generate more consumers, more service, and more profit for your company. Of course, there’s a lot of effort that must go into a marketing plan in order to successfully increase your customer base. To take the next step in growing your business, check out these tips for marketing to a wider audience.

What Private Labels Are Used For

The role corporations have in our everyday lives is monumental. Consumers deliberately choose all the products they buy, from the clothes they wear to the foods they eat. Still, unbeknownst to shoppers, store brand goods are comparable to name-brand goods. These are known as private-label goods. Many people don’t realize what private labels are used for, but they do significantly improve small businesses and compete against corporate brands.

What to Know

For starters, private labels (PL) or private-label branding (PLB) refer to third-party manufactured products under a brand’s name. Also called store brands, these can range from food to cosmetics and many other products. Private-labeled goods are often inexpensive alternatives to bigger, more notable brands, but their quality is comparable. Since the FDA uses the same federal oversight to ensure quality consumer products, there are only slight differences between PLs and brand-name goods. As a way for companies to increase their brand reputation and image appeal, it’s best to create their own branding with the help of a label machine. Make sure to purchase a label machine through a reputable industrial label manufacturer—they have the parts and experience you need for a high-quality machine. This in-house label printing will allow companies to have greater product marketability and appeal to consumer trends.

Difference Between PL and Big Brand

With an increase in market shares, there are more private-label brands than ever before, both nationally and internationally. To compete with greater consumer awareness and shopping trends, many PLs today use premium or luxury marketing. This is to compete against the belief that store brands are somehow inferior to more notable brands. Still, there are minimal differences between the two, and many consumers choose name brands due to their brand recognition.

Advantages to PLB

There are still many reasons why stores optimize private-label branding. Generally, they make a considerable increase in profit margins. This is because PLB adds no cost to the vendor, unlike with name-brand products. With name-brand products, vendors must pay a premium in addition to product cost. Additionally, vendors can sell private-labeled goods for less than branded goods. This increases brand recognition as well as customer loyalty when consumers seek these products instead of the competition.

Reasons Your Product Packaging Matters

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If you own a product-based business, you need to ensure that your product packaging is working for you, not against you. Consumers value high-quality products for several reasons, and this is only one of the reasons your product packaging matters, keep reading to learn the rest.

Important Equipment Needed to Start a Small Business

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Though every aspiring business owner has a lot of drive and passion for what they do, they often need more than just this to get their business running. In fact, aside from the fundamental budget and overall business plan, each business owner also needs to acquire the proper tools to perform daily work operations. This is some of the equipment needed to start a small business and get yourself off on the right track.