|
Free-lance Writer, Devon Callahan
From
Mr. Callahan
Blue
Prints
Just
recently, my wife and I purchased a new home. We were
proud because not only can we call ourselves homeowners
but we can say that we had the home built to our specifications.
So of course we picked a model. The model had a price
tag and with anything, the price goes with additions
and requested modifications or upgrades. Basically we
asked the bank for the money to pay for our luxuries,
like a full intercom system throughout the house; Corian
countertops; garden tubs with jets, to name a few. With
the modifications, the total price of the home rose
as did the amount financed.
Writing
your business proposal or business plan for a financial
grant is about the same in concept. When you have a
home built you ask for what you think you want and need
in your home and then you ask for the money. With your
business plan or blue print; you ask for all the things
you feel you will need to start your business and finally
ask for the funding. When you ask for the money you
need to be realistic; ergo you have to justify the amount
of money requested – you need to account for every
dollar. So if you ask for $200,000 you need to show
how the money will be used. You list all the things
that you want and need to start your business, to include
staffing; equipment; edifice; deposits for utilities;
or any other startup costs you think you will need in
your proposal. It may sound simple but it is any thing
but simple if you wish to write an effective b-plan.
The government and private facilities allocate funds
for new businesses. The government especially gives
away so much money to any organizations with programs
that encompass any form of rehabilitation, youth outreach,
youth services, self defense, or community services.
The better you contour your plan to fit public services,
and needs of your community, the more money you could
qualify for.
I’ve
learned that grants are reserved mainly for not-for-profit
organizations. In some cases your type of business is
irrelevant if you are minority owned business. Monies
are exclusively in reserve for minority owned businesses.
This is money that has to be given away. Now if your
business doesn’t qualify for a grant, your Small
Business Association may be able to assist you in getting
the funds you need. I can’t express enough how
resourceful the SBA is. They can help to secure your
small business loan. In some instances they could guarantee
the repayment of the loan. So remember this as you go
out to apply on your own. As it was explained to me,
your credit may be good but why would the bank want
to approve your loan when they can extend funds with
guaranteed repayment. You will need a solid business
plan when you apply which will convince the bank that
you need the money and what you need it for. Once you
get the loan, you will still need your business plan.
You will be surprised how many would like to see your
plan. Many contractors use your plan a tool for considering
eligibility. They want to know if your company can provide
services they need. For more info, visit the web and
perform the Google search; sample business plans free.
This gets you started in the right direction. This Google
page lists sources that show you how to compose an effective
business proposal. Of course consult your SBA regularly.
You
can find more information about Devon by visiting his
web site. www.Skylarwrites.com.
back
to Devon
Contact us for
more info
|
|
|
