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Old 04-15-2004, 08:17 PM
Neil Neil is offline
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Join Date: Jan 2004
Location: Bronte Country, UK
Posts: 3
The big problem with sourcing and applying for grants is the bureaucracy of government departments, and the approved consultants who require fees for screening and writing proposals.

The reality is that you will spend ages looking for a suitable grant, and then longer still tailoring your application to the required format.

Grants are usually not 100% so you will definitely have to find some of the money to make yourself eligible for the scheme.

Finding an Angel Investor for your business is probably more difficult than getting a grant, with overall success rate under the 10% mark.

That does not mean that it is not possible, but you have to weigh up the amount of money you require against the amount of time and effort you will expend, that you could otherwise be using to generate sales or develop effective marketing etc.

For further reading on the reasons why grants are made, elgibility criteria, and finding angel investors click on the link in my signature
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Small Business Finance Tips. Expert information on all areas of business finance
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