Wed 22 May 2013 | 
Grants can help to get your business started
Email to friend
Print
Enlarge textStarting a new business can be financially difficult for anyone
especially if you are giving up an existing job paying you a regular
income.
You’ll have costs too, such as fitout, rent, and staff
wages. Managing the cash flow right is one of the most important things
in a start up business. This can amount to a large hole in your
financial situation. If a grant is available to suit your needs, then
this may be the go. Although you may need a loan, see if you can find a
grant first. Also search for grants on Google as see if you can find
samples of a grant to see how it is done.
- 2 Comments | Join the discussion
The City of Sydney Council is encouraging entrepreneurs to start up laneway businesses to revive the old style of business.
The New Enterprise Incentive Scheme (NEIS) is available for job seekers wanting to start their own venture.
NEIS business assistance is for people that fit the following criteria:
- be new and not yet operating commercially
- be independent, lawful and reputable;
- be assessed as commercially viable;
- not compete directly with existing businesses unless it can be demonstrated that there is an unsatisfied demand for the product or service, or the goods or services are to be provided in a new way; and
- not involve the purchase or take-over of an existing business
- Further information and application forms
For other ideas on funding, have a look at the link for Business Enterprise Centres (BECs), which have a range of grants and assistance available.
If you need to, ring someone at the BEC and ask them for help.
BEC’s are also a great way to get started and network with other small businesses.
Grants may also come with some mentoring assistance or resources from the organisation supplying the funding – a double bonus.
Another useful tip is to have someone read through your grant application and make any suggestions – it is good to get other people’s perspective.
Depending on how much money you need, you may still need to apply for a loan. But a grant may give you the funding boost you need.
Have you had success with a grant to start a business?
top
Blog Home 
Comments (2)
Small Business Grants
You’ll have costs too, such as fitout, rent, and staff wages. Managing the cash flow right is one of the most important things in a start up business. This can amount to a large hole in your financial situation. If a grant is available to suit your needs, then this may be the go. Although you may need a loan, see if you can find a grant first. Also search for grants on Google as see if you can find samples of a grant to see how it is done.
Agree (0 people agree)
Disagree (0 people disagree)
Report this
07 Jan 2009 9:29 AEST
From: Melbourne
Small Business Grants
The City of Melbourne’s Business Development has announced Small Business Grants to support economic and business development in the municipality. The Small Business Grant applicant must have a valid ABN and be located or commit to locate within the City of Melbourne municipality. Small Business Grant Categories are Start-up Business Expansion Export Entry Business Support Services The closing dates for applications is 2 March 2009 Peter Nolle www.treadstone.com.au
Join the discussion
PLEASE NOTE: All submitted comments become the property of SBS. We reserve the right to edit and/or amend submitted comments. HTML tags other than paragraph, line break, bold or italics will be removed from your comment.
Most Popular
- You can’t just be a technician (19)
- Letting go can grow your business (13)
- Learning to give feedback (8)
- Ditching the nine-to-five grind (7)
- Retaining staff during difficult times (5)
- The best business books to get your mind going (3)
- Grants can help to get your business started (2)
- The right branding is worth its weight in gold (2)
- Getting the right lease for your business (2)
- Staying motivated towards your goals (1)
06 Jun 2011 15:14 AEST
jhonnash
From: NY