If you are single mother and a business owner, good for you! It’s obviously difficult at times for you to be both seeing as how each can be very demanding on any given day. Unfortunately, when your business has funding issues it can be stressful not only on you and your workers, but also your family as well. We want to help by pointing you in the direction of business grants and other sources of funding.
Proper business funding is absolutely necessary in today’s current tight economy. Some businesses are just barely holding on and could use a financial shot in the arm to keep going until we’re out of this current recession. At the same time, there are other businesses doing well yet in need of financing to expand. That expansion is what will carry them through the recession and out into a better economy in the future. Regardless of your situation, business grants for single mothers may be one source of funding that can help you.
Finding the Grants
As a single mother and businesswoman you’ve got plenty on your plate. Unfortunately, the bad news in all of this is that there’s no easy way to get grant money. It is hard to come by and there’s lots of competition. But when you stop and think about it, if grant money were easy to get everyone would have it. No, grant makers don’t want to give away money to just anyone so they don’t make it easy to get.
In order to find the grants for single mothers you are going to have to do some research and digging. A good place to start is with a regional or national women’s business organization. Female business owners from all over the country band together in small and large groups to provide support for one another. As a single mother, this could be one of the most valuable resources you find — even if you never apply for grants. The support offered by these groups is invaluable.
Next, you should also check with your local chamber of commerce. Consider becoming a member at the same time. The chamber of commerce is a group of business owners who, like the previously mentioned women’s business group, have banded together for mutual support on a local level. If there are small business grants for single mothers available in your local area your chamber of commerce will most likely know about them.
Lastly, if you’re expecting to find small business grants for single mothers coming from Washington or your state capital, put that idea out of your head right now. Governments only give business grants if the business can prove a vested government interest in doing so. For example, a government agency may give a research grant to accompany developing technology to protect us against biological warfare. Because defense is a vested government interest they can legally provide money. But there’s no vested government interest in your restaurant, beauty salon, or IT consulting business.
Writing your Grant Proposal
If you do find grants for single mothers you’ll need to write a grant proposal in order to apply. Keep in mind that each grant making organization has its own requirements in terms of application. You may want to contact individual organizations if you have questions specifically about their requirements or the type of grant proposal they’re looking for.
Before you sit down and begin writing you should check your local library, small business administration office, or various Internet resources for sample grant proposals. We say “sample” because there are no hard and fast rules for grant writing. But with half a dozen samples for you to glean from you should be able to figure out how to write an effective grant proposal. There are professional grant writing services if all else fails; keep in mind they earn their money by taking a portion of your grant money.
Though grant money is not the easiest in the world to find, you can access it if you’re persistent; especially in the area of business grants for single mothers. Grant makers want to see that you’re willing to do whatever it takes to make your business succeed, including being persistent about grants. So apply for as many as you can find, make sure to follow up on applications, and make sure you take every opportunity to convince grant makers you are worthy of their funding.
Lastly, don’t assume a “no” from one grant makers is the same answer from all of them. Remember that you’re competing with tons of other single mother business owners for a limited amount of money. Your product or service might be a great idea for your target audience, yet the grant maker is interested in funding something else. That doesn’t mean your ideas are wrong. Keep applying until you get the “yes” answer you’re looking for.
On a side note, if you’ve sent off 20 grant proposals and been rejected by all of the grant makers, it might be time for you to sit down with a business expert to review your proposal. Perhaps there’s something you’re missing or something you put together incorrectly. One or two corrections and your edited proposal may quickly turn the tide in your favor.