Some people consider this money from angels, but they are known in the business world as venture capitalists. These are individuals, government-sponsored organizations or private organizations who invest in your business because it is a good idea. These people also want to own a percentage of your business. So they really become your partner. But remember, the point is you want to get your business going. Who cares if you have a partner? If a partner is going to make it happen, it is better than sitting at home with no business at all. The federal government has two major venture capital programs. You can go to these web sites to get a list of government sponsored angels to contact: Venture Capital for Small Businessand Venture Capital For Low Income. But you can’t stop there. There are thousands of other private and public venture capitalists who help small businesses. A good starting place for locating these people is a good reference librarian at your public library.
if you operated a business for at least six months and were able to start the business for $35,000 and have less than five employees. A great service by a reputable non-profit organization, The Aspen Institute, which has been helping small businesses for many years.
that’s what the State of Arizona gives to small businesses to help them get a $250,000 federal government grant to work on their invention. We can all use help in getting grants, especially the big ones. See if your state office of economic development offers this kind of grant to help you get a grant.
reported a study from the Center for Women’s Business Research. It also showed that women owned businesses are growing twice as fast as all other small businesses and the number of women owned businesses is increasing at a rate that is twice the rate of other small businesses.
it’s not strange, it’s the government. The U.S. Dept. Transportation (DOT) has money to give small businesses who are trying to figure out how to sell their products and services to the government. This is how the government works. You don’t have to understand it, you just have to use it. If you have a product or service to sell, see if you can get money to figure out how to sell it to the DOT.
The Rural Business Opportunity Grants program offers over $8 million in grants to non-profit organizations, who in turn give the money to entrepreneurs to start businesses in small towns. Find out what groups in your area have this money for you to use. Contact Rural Business-Cooperative Service, USDA, Specialty Lenders Division, STOP 3225, Room 6767, 1400 Independence Ave, SW, Washington, DC 20250, 202-720-1400