Different institutions giving business grants for women have different formats when it comes to grant proposals because their focus may require looking at your project from different perspectives. Some have their own proposal formats. Make sure you download the document from their site. It includes guidelines on how on how to fill out the forms. If they don't follow any format you can use the general format composed of two main sections: the write up and the financials. The write up has the following sections:
Cover or Title Page: contains the basic information regarding the proposal such as the project title and the basic details of the your company
Abstract: contains the half page executive summary and conclusion of the project or the first impression that the business grant for women institutions will have which can affect their decision whether to approve or deny your proposal
Background or Introduction: contains how the project came about and why it is needed
Goals and Objectives: states how the project plans to address the need for it
Beneficiaries: who will directly and indirectly benefit from the project
Expected Outputs: contains details of what the project plans to accomplish and how it will be measured
Work Plan/Time Table: contains the detailed activity to be done to accomplish the outputs and the corresponding schedule when it will be done
Budget: contains the breakdown of how the fund will be used
Company Profile: details about the company, its accomplishments, its strengths, its performance
The financials section contains the following data:
Projected Capital Expenditure: detailing the budget use and the schedule of its acquisition
Projected Cash Flow Statement: reflects the movement of cash on the business cycle including the infusion of the grant fund
Projected Financial Statement: also known as the profit and loss statements detailing the income generating potential of the project, it also indicates profitability and sustainability
Projected Balance Sheet: reflects the projected snap shot of the business (assets, liabilities and net worth)
List of Assumptions: contains the details on how the figures are computed
Financial and Sensitivity Analysis: contains profitability ratios and potential financial vulnerabilities telling the business grants for women institutions if it is worthwhile to invest the money in the project or not
Do's and don'ts in making the proposal for business grants for women:
- Do proofread your proposal very carefully. Typos and wrong grammars create the impression of sloppiness which is negative points to the business grants for women approvers.
- Do make your proposal look as professional as possible. Put images if it is necessary to drive a point. Unnecessary pictures and designs convey immaturity. It is a negative on the credibility of the business owner.
- Do make your discussions brief and meaty. Put only what is necessary. The shorter it is the better because most of the approvers do not have time to sit on a novel type proposal. However, essential content should not be sacrificed in the process.
- Do make the proposal as simple as possible. Present graphs and tables in discussing figures. Graphs are easier to digest than numbers so the business grants for women approvers will appreciate it better. Just make sure that your graphs are professionally made.
- Do ensure that your financials are consistent. All statements are connected. The projected cash flow statement flows to the projected income statement and the projected balance sheet. Any inconsistency is a disaster and will merit disapproval from the business grants for women approvers.
- Do make sure that the figures in the main body are consistent with the financials. The financials are the quantitative support of your proposal. Both should be speaking from the same page.
The proposal is like a sales letter to a potential investor. Only a great letter and presentation can bring home the bacon. This is your shot for your business. Make every effort count.
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