Small business startups, are you having trouble figuring out where to begin? MWBEzone and GrantWatch.com have grants for community-serving businesses. We update our grants daily, so just because you don’t find anything today, it doesn’t mean you won’t find it tomorrow.
This article was written in response to the many calls from people starting up businesses who are wondering about the first step to take.
Let’s say you’ve thought up a brilliant invention or service. Or, you just want to open a mom and pop store. Or, you are an independent artist or designer. What do you do first?
Write a business plan!
If you’re entirely new to business, you should hire a business consultant. Check out this article, previously published here and on the MWBEzone blog: When Hiring a Business Consultant.
A business plan includes the following subdocuments:
- executive summary
- company description
- market analysis
- organization and management
- service or product line
- marketing and sales
- funding request
- financial projections, and
For further reading, check out the article at GrantWriterTeam’s blog: What Goes Into a Business Plan? Between you and your business consultant, you should be able to map out a great business plan that shows potential, longevity, and stability.
The SBA, Small Business Administration suggests 10 steps to start a small business. We have narrowed them to the following 5.
After 1) writing a business plan, 2) finance your business, 3) determine its legal structure, 4) register for taxes, and then 5) obtain licenses and permits.
To fund your business, you might first consider loans. This is not a bad idea. Most new businesses start off with a loan, but don’t forget to apply for grants and to start a crowdfunding campaign. The combination of all three should give a serious startup enough capital to proceed.
You can use the multiple spellings in the keyword search for startups, start-ups or start ups. MWBEzone.com was first developed for the business and individual grant seeking community, as the sister website to GrantWatch.com. When you subscribe to GrantWatch you get MWBEzone for FREE.
Here are some of the business grants listed at GrantWatch and MWBEzone, now:
Deadline: Ongoing – Responses are due by June 30, 2018 at 11:45 PM ET