Need a grant funding business plan? The business plan you'll need to get a grant in support of your company depends in part on the nature of the business you will run, whether you are already in operation, the amount of money you need, the sources you'll petition for capital, and the team you've assembled for the task. The Small Business Administration is the favored method for bank loans when it comes to start-up businesses, but it is possible to have your venture underwritten by an outside source through a private grant. There are also U.S. government grants available to certain businesses, though it can help if you fulfill a certain role in the economy or meet strict criteria about ownership and purpose. No matter what your circumstances are, a grant funding business plan will need to show:
• What your products and services will be
• The competing business models you will encounter
• The amount of funding you will need in order to run the business
• The permits, licenses, or other regulatory issues you might face
• Who your core team members are
• What people you might need to hire and at what salaries/rates
The business plan will need a complete financial model, most likely one that shows 3 years of projections. You should include a start-up summary, the use of funds table, proposition to partners (if appropriate), revenue forecast, a break-even analysis, the profit and loss, cash flow statement, and a complete balance sheet. You will also need to include a breakdown of your sales and expenses, by month, for Year One. Grant funding is difficult to obtain, but your first step forward is getting a great business plan together. If you're not comfortable preparing the document on your own, call in the experts. MasterPlans has a complete team of writers, financial modelers, and research specialists who can take your idea and make it work on paper. Call a consultant today to learn about what we can do for you! (877) 453-2011.
