Tips on How to Outline Your Grant Business Plan

by Geoff Spencer

Published on this site: September 26th, 2006 - See more articles from this month

In order to apply for a grant you will need to write up a grant proposal. If the grant request is for your business, you will also need to include a business plan. This article will take a look at some of the points which should be included in your business plan.

• The executive summary
  
  The executive summary introduces your business to the grantor. This is the single most important part of your business plan. If you are unable to capture the attention of the grantor during the summary and convince them of the viable business proposal you are presenting, then the chances are slim you will make it through the rest of the grant awarding process.
  
  
• Company startup
  
  This section of your business plan is where you must clearly explain the origins behind the company's creation and how you or your business associate came up with the idea to start your business
  
  
• Your Business' goal
  
  In this section you will take a few paragraphs to explain your short and long term goals for your company. Your goals must be well thought out and attainable.
  
  
• Biographies of management
  
  This is where you will introduce the management team of your company and include a mini resume for each. Outline their responsibilities for your company and their roll in your company's projected growth.
  
  
• The service you plan to offer
  
  You should be specific in this section. Explain how your business is different from all the others on the market. Define your unique selling position.
  
  
• The market potential
  
  You must convince the grantor that there is a lot of potential for growth and expansion for your business in the near and long term future.
  
  
• The marketing strategy
  
  In order for your business to be a success, you will need to have a solid marketing strategy. This is an important part of the business plan as you will need to convince the grantor you have done your research and know the plan you will implement to ensure your business endeavor is a success.

Geoff Spencer - is a staff writer at http://governmentgrantsdigest.com and is an occasional contributor to several other websites, including http://www.onlinebusinessgazette.com.