imely reports as required by the grantor, you may count them as free. However, it’s easier said than done. In order to prevent grant funds being misappropriated, or simply used outside of the nominated area, an imposing array of rules and regulations governs the process of business grants use. Regardless whether the funds are coming from the state or federal governments, or from a non-profit charity, the plethora of associated restrictions can make you regret aBusiness grants are surrounded by many popular misconceptions and myths. This is an attempt to put the record straight, and give you the knowledge required to successfully apply for your share of the free money everyone is talking about.

Myth #1: Everyone can apply for a business grant. The reality is, that yes, you can apply, but chances are that your application will be rejected; unless… That’s where the proverbial Pandora box opens. There are so many rules, laws and regulations governing business grants that only experienced professionals should attempt to tackle them… and hope for a win. Yes, there is a promise of help, given by the grants’ administrators. But, it is usually limited to the “across the reception counter” conversation with the receptionist at the worst, or with some overworked clerk from the back office, at the best. Consequently, the quality of this free information leaves lots to be desired, and unless your business idea looks very promising, you have no chance to succeed. Realize, that business grants are a highly specialized field, and an amateurish attempt will end in a huge disappointment, wasted time, and a possible loss of money paid to incompetent “do-it-yourself” helpers. Besides, it makes sense to identify the grant that meets your needs, confirm your eligibility, before embarking on the arduous road of the application process. Your outlay for engaging a professional business grants consultant will be relatively small; some quote a sum of $80 - $150 for the initial consultation. Rest assured, it will be money well spent; and the first instalment of the total fee that you will be charged, should you decide to enter the application process, to obtain a business grant.

Myth #2: Business grants’ monies are free. Seemingly, that’s the case. If you comply with all relevant regulations, provide timely reports as required by the grantor, you may count them as free. However, it’s easier said than done. In order to prevent grant funds being misappropriated, or simply used outside of the nominated area, an imposing array of rules and regulations governs the process of business grants use. Regardless whether the funds are coming from the state or federal governments, or from a non-profit charity, the plethora of associated restrictions can make you regret ac

ules, laws and regulations governing business grants that only experienced professionals should attempt to tackle them… and hope for a win. Yes, there is a promise of help, given by the grants’ administrators. But, it is usually limited to the “across the reception counter” conversation with the receptionist at the worst, or with some overworked clerk from the back office, at the best. Consequently, the quality of this free information leaves lots to be desired, and unless your business idea looks very promising, you have no chance to succeed. Realize, that business grants are a highly specialized field, and an amateurish attempt will end in a huge disappointment, wasted time, and a possible loss of money paid to incompetent “do-it-yourself” helpers. Besides, it makes sense to identify the grant that meets your needs, confirm your eligibility, before embarking on the arduous road of the application process. Your outlay for engaging a professional business grants consultant will be relatively small; some quote a sum of $80 - $150 for the initial consultation. Rest assured, it will be money well spent; and the first instalment of the total fee that you will be charged, should you decide to enter the application process, to obtain a business grant.

Myth #2: Business grants’ monies are free. Seemingly, that’s the case. If you comply with all relevant regulations, provide timely reports as required by the grantor, you may count them as free. However, it’s easier said than done. In order to prevent grant funds being misappropriated, or simply used outside of the nominated area, an imposing array of rules and regulations governs the process of business grants use. Regardless whether the funds are coming from the state or federal governments, or from a non-profit charity, the plethora of associated restrictions can make you regret a

and unless your business idea looks very promising, you have no chance to succeed. Realize, that business grants are a highly specialized field, and an amateurish attempt will end in a huge disappointment, wasted time, and a possible loss of money paid to incompetent “do-it-yourself” helpers. Besides, it makes sense to identify the grant that meets your needs, confirm your eligibility, before embarking on the arduous road of the application process. Your outlay for engaging a professional business grants consultant will be relatively small; some quote a sum of $80 - $150 for the initial consultation. Rest assured, it will be money well spent; and the first instalment of the total fee that you will be charged, should you decide to enter the application process, to obtain a business grant.

Myth #2: Business grants’ monies are free. Seemingly, that’s the case. If you comply with all relevant regulations, provide timely reports as required by the grantor, you may count them as free. However, it’s easier said than done. In order to prevent grant funds being misappropriated, or simply used outside of the nominated area, an imposing array of rules and regulations governs the process of business grants use. Regardless whether the funds are coming from the state or federal governments, or from a non-profit charity, the plethora of associated restrictions can make you regret a

for engaging a professional business grants consultant will be relatively small; some quote a sum of $80 - $150 for the initial consultation. Rest assured, it will be money well spent; and the first instalment of the total fee that you will be charged, should you decide to enter the application process, to obtain a business grant.

Myth #2: Business grants’ monies are free. Seemingly, that’s the case. If you comply with all relevant regulations, provide timely reports as required by the grantor, you may count them as free. However, it’s easier said than done. In order to prevent grant funds being misappropriated, or simply used outside of the nominated area, an imposing array of rules and regulations governs the process of business grants use. Regardless whether the funds are coming from the state or federal governments, or from a non-profit charity, the plethora of associated restrictions can make you regret a

imely reports as required by the grantor, you may count them as free. However, it’s easier said than done. In order to prevent grant funds being misappropriated, or simply used outside of the nominated area, an imposing array of rules and regulations governs the process of business grants use. Regardless whether the funds are coming from the state or federal governments, or from a non-profit charity, the plethora of associated restrictions can make you regret accepting these free monies, in the first place. Unless… you’ve done your basic diligence, and realize what’s involved. Again, it’s best to leave the administrative role for an external specialist, who will assure full objectivity in assessing whether your business grant is used correctly. This should protect you from failing periodic audits run by the grant’s administrator, and expose yourself to heavy fines and possible legal challenges.

By now, you’re probably starting to wonder if you should bother with business grants… While there’s no straight forward answer, considering just two factors will help you make a correct decision. Firstly, can my business expand without any external funding? Secondly, can I get (and afford) a bank loan? If you’ve answered “yes” to either of those questions, you may consider staying away from so called “free” money. Leave it for those, who have no other option.