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Grant Writing Your Dreams True Guide
A Business Plan Will Help You Get A
So you want to look into getting grant funding to
start you new business do you? Well the first thing you will need is a business
After you have done some research on your new business idea, you will have a
better idea of the specifics of the business. Next it is worthwhile to try to
articulate all those great ideas on paper, in the form of a business plan.
At this stage it is not a bad idea to carry around a small pad of paper and
something to write with everywhere you go, or your favorite high-tech gadget
that can record your thoughts. Your ideas will be percolating in your brain even
when you are working on other things, and you never know when you will get a
good idea, so be ready for it.
A business plan can help
you get funding for your business, will explain how you will
market your new service or product, and much more. Even
before that, however, it can show the new business idea for
what it is, in all its glory and warts. Then you can decide
if you still want to proceed with it, make some changes to
it so that success is more likely, or perhaps try again with
another business idea. This paper step can save you a lot of
time and frustration when you actually have to go out and
provide the new service or begin to manufacture the new
product for the first time.
The United States Small Business Administration has a branch
called the Office of Small Business Development Centers.
These centers can be found in each state, and they offer
free or low-cost help with all aspects of starting a new
small business, including help with writing a business plan
A business plan needs to show your methods for running the
business. For example, who will be involved in running and
working in the business and what expertise they bring to the
endeavor. It will show how you plan to sell your product or
service, what the product is exactly and what all the steps
are that are necessary to manufacture it. Or, in some cases,
what specific service will you offer in full detail, and
money particulars focusing on what it will cost to bring the
product or service to the buying public. Basically, what it
will bring in terms of revenue.
Banks and charitable organizations will want to look at your
business plan and see if it is a sound investment. A
business plan will also offer the entrepreneur peace of
mind, because you will have gone through every aspect of the
business, and you know how it will work, how much you can
make from it, and how much it will cost to start and
continue operating. After the business plan is written, you
will have a pretty clear idea if your business has a good
chance of succeeding or if it won't work.
I know it seems like a lot of work, but trust me you will be
glad you put in the extra effort in the end!
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