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What are your chances of getting a grant?

Research shows it is 1 in 10 applications. You do not get this type of opportunity every day. So, how can you boost your chances of getting a grant?

Before we delve into that, let’s figure out why funders reject grant proposals:

Not enough funds are available for every request.

You didn’t convince the funders.

You did not follow the right guidelines.

So what should you do to avert this type of situation in the future?

You should apply early to be among the early beneficiaries.

Follow the right guidelines that match the funder’s interests.

Follow the application guidelines to the letter to stand a chance.

Now that you know the reason your grant was rejected, do better in your next application. Our next step will be how to secure funding easily.

5 ways to boost your chances of getting a $200k worth grant:

Focus on your funders

Do not apply for grants sporadically. Instead, understand what it entails. And focus on your funders. Read about them. Find out people who got their grants in the past. Ask what and how they did it.

Private foundations give more grants to entrepreneurs. A survey reported entrepreneurs received grant awards from private corporations. The government also gives huge grants too.

Note: small organizations with budgets under $1 million or new organizations not less than five years, or have never received a grant larger than $45,000, will surely get grants from smaller foundations.

Apply for at least three grant applications

Applying for more grants to increase your success rate. The more you apply, the more you stand a chance. I’d advise you to apply for at least three grants at a time.

Submit at least three or more grant applications to various funders. You are more likely to receive at least one grant. So, don’t stop when you get rejected the first time. Keep pushing!

Don’t rush the process

Take your time while compiling your grant research. Hire a professional grant writer to help you with the research compilation of your grant application. I have helped over 20 entrepreneurs get grant applications.

Meet the grant eligibility requirements

One simple piece of advice we often give is, “if you don’t qualify, don’t apply.”

Stop gambling. Be eligible before applying. It makes little sense to chase a grant you are not qualified for. Why waste your precious time?

Be Coherent and Readable

Be clear. Be readable. Be comprehensive. The funder may not figure out what you are proposing to do or how you intend to do it.

A poorly written proposal can suggest you do not understand your business. This will discourage the funder even if you have met all the guidelines.

You can enquire about how to get grants if you need a hand in your next application.

Summary

Getting grants is not complicated as people think. You just need to go through the right process and you will be fine. Follow the above tips to improve your chances.