Starting a new business can be an exciting venture - unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be considering a loan from a bank or other lender; you should keep in mind that there are some other alternatives for funding that might serve you well in addition to traditional loans.
by: John Mussi
Starting a new business can be an exciting venture -- unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be considering a loan from a bank or other lender; you should keep in mind that there are some other alternatives for funding that might serve you well in addition to traditional loans.
Of course, before you can do much work toward getting the money that you want you'll need a business proposal and you'll have to be willing to consider a variety of different funding options.
Drafting a business proposal
The first step toward getting the money that you need for your new business is creating a business proposal. This can require a lot of research and estimations, as it should include sections on how much money you'll need, how much money you hope to make, what competition you'll face, what equipment and training your employees will need, and other statistics that may vary depending upon what sort of business you're planning on opening. It's best to do additional research on business proposals, so that you know that you haven't left out anything that's vitally important.
Once you've created your business proposal, you should begin looking for business grants that you might qualify for and begin submitting applications. Business grants work much like a business loan, with the exception that the money issued with a grant does not have to be repaid. Any business grants that you can receive will be a great boon to your business, as it means additional funds as well as the knowledge that someone believes that your business will succeed.
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.
Additional Government Grants Resources
Money Follows the Person Rebalancing Grant Demonstration Program The Centers for Medicare & Medicaid Services has recently established the Money Follows the Person Rebalancing Grant Demonstration Program wherein they aim to assist the states to balance their long-term care systems and help Medicaid enrollees transition from institutions to communities. National Heart, Lung, and Blood Institute Career Transition Award In keeping with this mission, the National Institutes of Health has collaborated with the National Heart, Lung, and Blood Institute to establish the National Heart, Lung, and Blood Institute (NHLBI) Career Transition Award Program. Department of Homeland Security: 2011 Earthquake Technology Transfer The Federal Emergency Management Agency(FEMA), under the DHS, has constituted the Earthquake Technology Transfer Cooperative Agreement program. What does it mean that Federal Student Aid is a PBO? A PBO is a Performance Based Organization representing an initiative that was created in order to help the government operate more effectively and efficiently. When people call Federal Student Aid a PBO, this means that they are committed to and hold the same standards of the Performance Based Organization. Combating Autism Act Initiative: National Interdisciplinary Training Resource Center Program In keeping with this mission, the Health Resources and Services Administration has recently announced the establishment of the Combating Autism Act Initiative: National Interdisciplinary Training Resource Center Program wherein it aims to solicit applications from eligible entities that seek to run and manage a National Interdisciplinary Training Resource Center.
Peer Reviewed Cancer Career Development Award Program In keeping with this mission, the Department of the Army has established the Peer Reviewed Cancer Career Development Award Program in an attempt to stimulate the next generation of cancer research studies by providing new and early career investigator opportunities that would lead to innovative, cutting-edge research developments for the prevention, early detection, and treatment of cancer. Democracy, Human Rights, Rule of Law, and Freedom of Expression and the Press for Europe and Eurasia The Bureau of Democracy, Human Rights and Labor Affairs has recently established a funding opportunity entitled Democracy, Human Rights, Rule of Law, and Freedom of Expression/Press for Europe/Eurasia, wherein they are seeking applications and proposals that aim to develop projects promoting democracy, human rights, rule of law, and freedom of expression/press in Europe and Eurasia.