In effort to assist small and medium scale entrepreneurs (SME) to grow, Government sometime provide small business grants in various forms. These funds can be accessed by those who meet certain criteria as stipulated by the government or the agencies involved.
How can you have access to these federal small business grants to help you start your business or push your existing business to the next level?
Here We want to point out few things you must do to be able to access federal grants.
1. GET YOUR BUSINESS PLANS READY
You must have a robust business plan (what some people called bankable business in place. Without proper business plan, there is no way you would be able to convince anybody about your business idea let alone government. Your business plan represent your preparedness towards the business – the more robust your plan is, the more serious investors and grantors will take you.
2. JOIN A CO-OPERATIVE SOCIETIES
Most times, those funds are being disbursed through various cooperatives. If you don’t belong to any, you may find yourselves outside the scheme of things.
There are various cooperative societies for Farmers, Traders, Manufactures, etc…
Find the one that is most suited to your need and join. Make sure to be active member and always be in the know.
Some corporate organizations as part of their corporate responsibilities also make grants available to small business startups from time to time. Look out for these ones and see how far it goes.