Finding and securing grants can be a complex and challenging process. While the four key elements of research, alignment, relationship-building, and proposal development are critical to success, it may be worthwhile to consider working with a grant professional.
A grant professional can provide valuable guidance and support throughout the grant-seeking process, including researching potential funders, crafting a compelling proposal, and managing the application process. This can be particularly beneficial for small businesses or non-profit organizations with limited resources or experience in grant-seeking. A grant professional can provide expertise and insight into the grant-seeking process, increasing the chances of success.
However, it is important to know if you are ready for a grant. What would happen if you suddenly had about six months worth of revenue awarded to you, recognizing that every dollar had to be accounted for and that you would have approximately one year to put that capital to work? What people would you need to hire or contract with to take maximum advantage of that windfall?
Other elements of being grant ready have been addressed in a prior blog, but they include having a professional grade logo, website, social media presence, financial controls, all in addition to having a growth plan to incorporate a grant windfall. A grant writer is not likely to have grant readiness skills, but a grant partner will have the requisite business experience and grant industry knowledge to assist in ensuring the grantee is ready for a grant.
Working with a grant professional can also help ensure that you are submitting a high-quality proposal that aligns with the grantor’s objectives. Additionally, a grant professional can provide insight into specialized grant opportunities for specific groups, such as grants for small businesses owned by women, minorities, or veterans.
In conclusion, finding and securing grants requires a methodical and strategic approach. While the four key elements of research, alignment, relationship-building, and proposal development are critical to success, working with a grant professional can provide valuable support to ensure or expand grant readiness which will increase the chances of success. By engaging a grant professional at the right time in the grant-seeking process, small businesses and non-profit organizations can achieve their funding goals and make a positive impact in their communities.
So, what is your grant story? We’d love to hear it. Drop by our website grantsforyou.org; we’d love to answer any questions and partner with you.
Warm Regards,
Neil Reid