Jun
25
Finding Money for Business
Filed Under Money
One day I’ll always remember is the day I received an Email from a woman telling me that she had just won a $3,000 grant to start her gift basket business. She found a link to the grant in an article I wrote about finding money for business.
I wrote the article after scouring the Internet to find real sources for money, not those fake come-ons offered by unscrupulous firms. One company offered a contest for business startups, and they were distributing $25,000 in seed money. That’s the link she visited.
After writing and submitting her plan, she won in her specified category. She was thrilled, and I was pleased to know that the contest was genuine.
Opportunities still exist to find money on the net. If there were none, I wouldn’t waste time mentioning it. I’ve personally found money some for startups at a New York foundation that specializes in helping aspiring entrepreneurs, students, non-profits, and others find cash.
Most of all, you must rely on yourself to fund your dream. There’s no getting around that. One way that many in business have done this is to set aside 10 percent of every employment paycheck, placing it into a savings account as startup money.
If you cannot withhold $30 from a $300 check, dedicate whatever percentage you can manage. It will take time to gather the necessary dollars, but each month you will have more than the last.
After that, the focus turns to reinvesting your business dollars. But that’s the subject for another newsletter.
You’ll find more information in the finding money section, which includes a page on contests and grant sources.
Comments
Leave a Reply
