In hard economic times, people tend to search for non-conventional ways to earn money. With job stability at an all time low, now seems like a good time to take the “plunge” and start a business. Starting a business not only gives people the opportunity to earn huge sums of money in the long term, and develop a long term asset, but also offers immense amounts of flexibility that can not be found anywhere else.

The reality is that a lot of people simply do not have the cash to start-up their business. There are some funding options available, but they are hard to come by. Men and women alike struggle to get funding, especially as the economy is not really in a position to release any extra cash. To make the chance of getting small business grants for women a reality, women need to do their research when it comes to what small business grants are on offer.

Preparing a Plan

The first thing to consider when looking for small business grants is creating and preparing a business plan that will impress during any application process. Any grant that is available to fund new enterprise will require an individual to dictate exactly what they will do with the cash. By creating an in depth business plan, individuals will not just be showcasing their great idea, but they will be showcasing their commitment to succeed. Writing some draft business plans will be a good place to start. Ask around friends and family to see if they are intrigued to read more, or whether they think some alterations are needed.
women business statistics

Finding a Grant

Just because economic times are hard does not mean that small business grants for women are not available. In order to get the economy back on track, the Government needs businesses to perform well. They know that many businesses need an injection of cash to either keep afloat or to launch, so there are small business grants available. Research the grants available in certain sectors and areas, as this will help to determine what a business will be eligible for and what it will not be eligible for.

Speaking To Advisor’s

Remember, there are plenty of professionals on hand to help people that are looking to start a business or already have one. Small business grants for women are available if the woman has a good plan and it is something that will benefit the local economy. Professionals, such as accountants and even general business advisor’s will have plenty of information relating to what is available and how to apply with the best chance of being accepted in the long run. Speaking to these advisor’s will give people a much better chance of getting small business grants and progressing their business to a level that can bring in a substantial income.

States With the Largest Amount of Businesses Owned by Women

States with largest percentage of women businesses

Summary

Even though the economy is not in a stable position currently, there is still plenty of opportunity to obtain small business grants. The Government and the economy need businesses to excel in order to tax their profits. By essentially investing in small businesses, with a small initial outlay, the local economy can benefit in the long term. Those that are unsure about what grants are available or whether they are actually eligible should speak to advisor’s who will be able to point them in the right direction.

Remember, the internet is a great resources and details of small business grants for women are available online. Starting a search online is always a good start. Not only will it allow people to see what grants are out there, but it will allow people to see the application and acceptance process and time scale.

Visit Women-Owned Business Directories

Women’s Business Center
1301 Azalea Rd # 201A, Mobile, AL
(251) 660-2725 ‎ • womenbiz.biz

Women’s Business Development Center
8 South Michigan Avenue, Chicago, IL
(312) 853-3477 ‎ • wbdc.org

California Women Business
15840 Ventura Blvd # 409, Encino, CA
(818) 773-1976 ‎

ECGC Women’s Business Center
110 Travis St # 92, Lafayette, LA
(337) 889-0211 ‎ • ecgcwbc.com

WBDC
184 Bedford Street #201, Stamford, CT
(203) 353-1750 ‎ • ctwbdc.org