Government Grants For Minority Business Owners and Students

With over $700 billion in grant money available, a large portion of these funds are being made available for minority small business owners and students. Since the government’s main objective with these grants is to stimulate the economy, their main focus is on the things that will create revenue. Providing free grant money is a good investment for them, and an outstanding financing option for minorities.

Both small businesses and education help develop and propel the American economy. It just cannot continue to remain a competitive nation without these two areas. As it may be, minorities have become the anything but a minority when it comes to small business and seeking advanced or technical degrees.

Minority groups are providing billions of dollars alone in tax revenue for the government, and they want to help them succeed even more. That is why there is so much grant money being provided through these programs.

All it takes is for an American minority citizen to find the available grants and request the grant funds they need. The request will go through a simple review process and, once approved, the grant funds will be sent to the applicant.

As long as the funds are used for the intended purpose of the grant, such as for educational expenses or to start a small home-based business, you will never have to repay the money. That’s what makes minority government grants such a fantastic option.

No other program can be compare, and applying does not require the thorough review process of traditional loans. There’s no credit check, no down payment, and no collateral needed. It’s a simple as finding the available funds and then asking for it.

Recession Proof Business – Recession Proof Home Business Ideas

Home based business opportunities and the internet marketing industry are growing during this recession. Not long ago, this fact was reported CNN or FoxNews. Internet marketing business and direct sales business/network marketing businesses are predicted to produce many new millionaires over the next two years and the best news of all is a person can start in either of these fields with no experience and very little money, often under $100.

Business experts and economists have already forcasted the next 10 years will be a continuous growth boom for the direct sales/network marketing and internet marketing industries. Supporting this prediction with their action, Warren Buffet has already purchased network marketing companies,and Donald Trump has started his online Trump University. Two of the wealthiest men in the U.S. are investing or creating business in the internet/home business sector for a clear reason. The reason is because the network marketing and internet marketing segments of the economy are booming and will continue to boom. So how does a person get started in this field with little to no experience? The internet is full of information and mis-information on getting started successfully. Learning the business of internet marketing or home business network marketing usually does not come in a nicely packaged learning curriculum. It is “in the business” training. In other words, you simply have to start and learn and improve as you go.

You can start a business online and potentially turn these recession years into your most profitable years ever, here are a few avenues to earning money online that you will want to consider:

1. You can write your own e-book or create your own product and market it online.

2. You can sell other’s products for a commission under an affiliate agreement.

3. You can begin an online auction business.

4. You can start an internet travel business (travel is another industry, believe it or not, that historically has continued to grow during recession — travel is predicted to increase $7 trillion dollars over the next 10 years.)

5. You can learn some website-building skills and begin buying websites, improving them, and flipping them for profit.

6. You can start a blog and monetize that blog through Google AdSense and affiliate products, and advertising space.

7. You can build a list of email prospects in an active niche and then monetize that list by recommending affiliate products.

These are only just a few of the most popular ways to make money online. Do some research, form a plan of action, stay focused, follow a proven system, and you too can be a recession-born internet financial success story!

Plan Ahead to Sell Your Business

Selling your business can be a very emotional process. Countless hours and tremendous effort go into building a business, then one day, it is time to sell. It is easier for serial entrepreneurs to deal with closing day than it is for someone who has been in a business from start-up 25 years ago. Being prepared to sell involves a fairly objective viewpoint along with a plan for the future. 

There is a great deal of advice coming from many directions once you begin to look into what is involved in the sale, and most likely, some conflicting advice to wade through. Do you really need 3-5 years to plan your exit? That depends on the state of your business right now. If you are ready to let go, have clean, up-to-date books, systems and procedures in place and your business is making money, call up a Sunbelt broker and get the ball rolling with a confidential consultation and appraisal. 

If, on the other hand, your books are full of expenses not directly related to your business, or your books consist of a shoebox full of receipts, your systems and procedures aren’t solidly laid out and your business is not profitable, it would indeed be wise to spend a few years getting things in order. There are many consultants who can help you with that. Then, when everything is ship-shape, talk to a broker. 

Your reason for selling can be the primary driver for your timing for selling. You may not be willing to invest 3-5 more years. You may want to get out as soon as possible due to sudden health issues, boredom, stress, partnership disputes or family reasons. In the case of a quick sale, a broker will do his or her best to highlight the existing value and obtain the best price possible, which may be lower than what you might get with an extra year or two of preparation. 

The next few years will see a rise in the number of business owners exiting due to retirement. If you have plans to retire in the next year or two, now is the time to prepare your business, if you haven’t already. Find a reputable broker you trust who has access to a large pool of buyers and ask them to do an appraisal in order to determine your most probable selling price. The sooner you know that, the better. An educated and experienced broker should give you a suggested price that can be fully defended in the marketplace. This may be higher or lower than your expectations and you should seek a full understanding of the appraisal value before making any commitments. 

Now you can decide to engage the services of the broker to market your business, or you can decide to build more value into your business and adjust the appraisal when you think it’s ready. An honest broker will encourage you to do what is best for you and your business and will encourage you to discuss your concerns with your professional advisors. 

Something to keep in mind is confidentiality. Your business will be better off if you keep your selling plans to yourself until closing day so as not to alarm your staff, clients or suppliers. Your business broker’s responsibility is to maintain confidentiality and market your business in such a way that it is not recognizable in the listings, carefully screening buyers before divulging further details, and ensuring that your business suffers the fewest disruptions possible throughout the sale process. 

When you sign the engagement agreement, you should be comfortable with the asking price, realistic about the time it may take to sell (6-9 months on average), and willing to maintain, if not build, the value of your business. Also, you should have a clear plan for life after closing. There will most likely be a transition period in which you commit to train the buyer, but after that, what will you do?

Even if your business is in tip-top shape and prime for the market, take some time to consider your future and be confident that you are ready to sell.