How Do You Obtain Grants to Start a Business For a Woman?
The world of entrepreneurship, which was once reserved for the strong and courageous, has now been open to both men and women.
We’ve seen the winds shift, and it’s been way too long since we learned that one thing is for men and the other is for women. There is no longer a difference between opportunities; we are all playing on the same track.
The unfortunate truth is that there are still too few investment options and advocacy groups for female entrepreneurs. It is particularly important for women who are just starting out in business to have good financing opportunities. This are very rare, which is why women often rely on credit cards, family loans, and assistance from relatives, many of which are rarely helpful.
But you see, funding for a business is only one of the many problems among women entrepreneurs. They may also be having troubles in building websites, juggling with researches and making press releases for promotions of enterprise. And hey there are also problems in selling one or two of their products and in contacting clients. Though all that may sound difficult, they surely are worth the time of woman entrepreneur.
After all, it is her business she is building in here.
Various organizations and the government has seen all the hardships a woman entrepreneur has to undergo to be able to make it to the supposedly men’s world. This is why they have provided programs for minority businesses to see what its like being among the greats in the businesses, or atleast experience some of their glories.
If you are a woman entrepreneur and is interested in getting grants, the first thing you would want to do is to identify if you are qualified for being given a grant.
The most common qualifications are:
- Obviously, you should be a female or depending on the program, must come from the minority sector
- You must own the majority share in your business
- And your business must show lucrative opportunities for growth
There are a number of government and private agencies that provide grants for women entrepreneurs at various levels.
Say for the federal level, women can undergo self-certification and apply for the Central Contracting Registry database from which many government and private contractors gather to search for small business.
Other programs may be seen on local level where advantages are presented and benefits are granted. Its just the matter of finding them and apply for one that you think you can create your real potentials from.
And because of their own commitment to provide diversified services and opportunities, large corporations are also creating grants for women entrepreneurs. Normally, these large companies were mandated by the federal government to create further services to improve their employment base and to create equal allocations for small business owners.
Well, if you cannot be reached by these options you may always turn to your previous employer and create a market for him, make him your first client. Only, you need to be very careful and see if this would actually pass to your previous boss. If you aren’t tactful enough, you might find yourself facing resignation or losing your job. This might be risky but don’t be too afraid. Most former employers do make outsourcing for their previous workers t help them start create their own businesses. After all, this will provide them with an extra chance to leverage their compliance to their set-aside goals.
The Application Process For Grants
Be warned though that the application process for grants may be time consuming and very demanding. Oftentimes, the providers set specific time for waiting periods with regards to the processing of the grants for women entrepreneurs. And sometimes, bureaucracies may even take the toll of having you wait for several months before your certification is released.
And being an applicant, please anticipate unusual questions to pop up. These might include those that you would not normally hear or expect.
Keep in mind also that grants for women entrepreneurs are meant to help you have that break and not to supply you with an unlimited meal vouchers. So be on guard. Many agencies and grant providers may even cut out their services to you out of convenience. Meaning, they need not provide an explanation in doing so. They just do most of the time.