Starting your own business is an admirable goal to strive towards. However many women in this day and age do not realize their dreams because they feel tied down by the fact that they are single mothers.
In the 21st Century being a single mother does not preclude being a business woman, and there are many business grants for single mothers available out there that prove this. So, if you are interested in starting your own business, but feel that you do not have the finances necessary, or feel that being a single mother precludes you form this, then read on to find out more about business grants for single mothers. Remember that although there are several business grants that are specifically for single mothers, there are also many other business grants that anyone can apply for. So, if you cannot find a business grant for single mother that you are eligible for or that meets your needs, there are many other options out there for you to also consider.
Facts about business grants for single mothers
Starting your own business is a risky venture, but there are plenty of grants out there to help you get started. However not all grants or organizations that claim to provide grants are as good as they may first appear. Therefore you need to be very careful when looking for a business grant to fund your business. When looking for a business grant that will cover your business aims as a single mother you should remember the following very important factors.
Yes, there are people out there who are willing to deceive you out of your money. It is very important that you look out for scams when deciding on which of the many business grants for single mothers you are going to make use of. They may, for example, pretend to be a grant funding service that finds a grant program for you so that you don’t have to do the searching yourself. Usually they will ask you to pay a fee for this, but may not return with any useful information. However there are some legitimate agencies that offer this service, so don’t ignore all of them altogether. Find out what kind of reputation the agency has by searching online for review and what other people have thought of the agency in the past. The language the agency uses may also be a clue. For example a genuine agency is likely to give you more truthful and straightforward answers about certain things, such as the fact that you cannot get small business grants from federal sources and that it is unlikely that you will be able to cover all of your costs just from grants (in other words you will also need to have capital or be able to take out a loan when looking for business grants for single mothers). However, even if the service is genuine, you will be wasting your money as all of the information they will give you is information that you could easily find out for yourself, the internet is a fantastic resource with all of the information you need to search for a grant yourself (although we are aware that not everybody has the time and resources to do this). Other sources of information apart from the internet regarding business grants for single mothers are such places as:
- local chamber of commerce
- various trade organizations
- single mother-based support groups
It takes a bit of time and effort for you to find a grant by yourself, but you will be saving time and money in the process.
Choosing the best grant
As mentioned in the introduction there are business grants for single mothers that are aimed specifically at that business demographic, and there are business grants that anyone can apply for. When you are getting started with a new business as a single mother it would be better to start off by first focusing on those grants that match your demographic as you are likely to have a lot more luck with them and it may save you time. This is because the only people you will be competing against for these grants are other single mothers, whereas if you apply for a general grant you will have a lot more competition to contend with. Apply for all of the single mother grants that you are eligible for first before paying any attention at all to the more general grants. When grants are aimed at a certain demographic, such as single mothers, then you will most likely have to present proof of your eligibility when applying. It will simply not be enough to fill out the grant application form. You will also have to prove that you are indeed a single mother. The most reliable way to do this is to be certified by a national accrediting organization as this will carry more weight than if you simply present documents yourself. If you are accredited by a national accrediting organization then you will stand a very high chance of getting the grants that you are applying for.
Writing the grant proposal
Unlike a small business loan you will not simply get a grant by filling out an application form. You will have to actually write a proposal supporting your need for the grant. Even if there is a short application form that should be included with your grant proposal, this is not what the grant distributor will pay attention to. He or she will be completely focused on your grant proposal. Consequently it is not something you want to rush through when writing. Your grant proposal needs to be perfect as this is the aspect of your application based on which your grant will either be given to you or denied. So you need to be able to write your grant proposal well. A big part of this is the use of proper English. If you make spelling errors or grammatical mistakes than you will come across as someone who is not interested in the grant as you cannot be bothered to take the time to proofread your work. If you struggle to write well in English have a friend or family member with good English skills help you. You also have to make sure that all of the information included in the grant proposal is presented in a way that is both logical and meaningful so that it is easy for the reader to immediately understand and process. You must also ensure that you keep your proposal short and to the point, while at the same time not leaving out any of the information necessary for the proposal to be complete and concise. You will also need to brush up on your skills of persuasion. Remember that you are basically trying to sell the idea of your business and you will need to do this is a way that is appealing to the reader. There are courses on writing as well as on persuasive techniques that you may interested in taking in order to ensure your success in this regard.
Types of business grants or single mothers
Make sure that you do your research well when looking for business grants for single mothers. This is because there may be very different eligibility requirements for the different grants that are available out there. Here are some of the types of business grants that you may want to look into in order to ascertain whether or not you are eligible. Some grants will only be given to people in the following categories or who meet the following criteria, for example:
Luckily for you women are considered to be a political minority even in this day and age. This makes it likely that you will be able to qualify for a business grant if you are a single mother.
Some organizations offer grants only to veterans as a way of thanking them for their service. If you are a single mother and a veteran then it is well worth your while making inquiries in this regard. There are several business grants for single mothers who are also veterans.
In some cases you may be able to get a grant in order to start a non-profit organization. These organizations are ones where the organization itself makes no money. The costs involved are the bare minimum needed to keep the company going and to pay staff members. If this is the kind of business that you are thinking of starting then there are several business grants for single mothers in this regard.
If you would like to start a small business then you may be eligible of a small business grant for single mothers. You are more likely to be eligible for these grants if you:
- Have a solid business plan
- Intend to start a business that will help with a special cause
- If you are located in a certain area