The Joy of Learning to Write Grant Applications

Since I just opened an Etsy shop—with one product so niche that most people would never think to search for it—I have started applying for small business grants. I have a slight advantage as a female veteran, but that only gets my foot in the door. A strong application still has to stand on its own.

One of the biggest hurdles will be the fact that I don’t have any revenue yet. Convincing a committee that my business has the potential to grow—and eventually become profitable—won’t be easy. Such is life.

That said, I have a business plan that I genuinely believe in. My budget projections are also refreshingly simple because, at the moment, I have virtually no overhead. I work from home, and my current products are digital. Even when I begin selling physical products, I’ll be starting with materials and equipment I already own, including some supplies that I’m literally growing in my garden.

One thing that gives me confidence is that I’ve written an RFP (Request for Proposal) response before. An RFP is how government agencies and other organizations request bids for a specific product or service. Writing one requires answering a lot of detailed questions, but it also results in a substantial library of material that can be reused. By the time I finished mine, I had about fifteen pages, and roughly twelve of those could be adapted for future proposals.

I’m hoping that experience will pay off with grant applications as well. My contracts professor always said, “Why invent the wheel?” As long as I build a strong foundation now, each new application should become a little easier than the last.

My goal is simple: secure enough funding to purchase professional equipment for the physical products I want to make. I think having the right tools from the beginning would dramatically shorten the learning curve and allow me to produce higher-quality work much sooner.

I don’t know that grant applications will become a regular topic here. They’re not exactly thrilling reading. But if I ever receive one, you can be sure there will be an extremely excited post about it.

Now, if you’ll excuse me, I’m off to read Small Business For Dummies.