This article will tell you all about grants designed for women in business who are looking to fund their start-ups. You’ll get information on what type of businesses can apply, learn how to find these grants, and get some tips on managing your finances. Girl Investment Group invites you to read on!
Our Top 3 Grants to Help the Woman Business Owner get Started
Here are some of our favorite grants this year. There is a variety of assistance available for women business owners, but some may only be available in certain regions or for specific businesses. Be sure to read the application instructions to determine if your business will qualify for each opportunity.
Cartier Women’s Initiative Awards
The Cartier Women’s Initiative is an annual international entrepreneurship program that aims to empower women in business. The program assists women across many sectors to drive change in social and environmental endeavors.
Asian Women Giving Circle
The Asian Women Giving Circle (AWGC) is the first and largest giving circle in the nation led by Asian American women. They focus on culture as an essential part of their strategy for social change. They raise funds to encourage Asian American women-led projects in NYC.
The Amber Grant for Women Owned Businesses
The Amber Grant Foundation issues their “Amber Grants” to women-owned businesses on a monthly and yearly basis. The monthly award is $10,000, and a $25,000 grant is issued at the end of the year. Businesses must be based in the U.S. or Canada and have women representing at least 50% of ownership.
Financing Tips for the New Business Owner
Starting a new business can be an overwhelming experience. Here are a few tips to keep in mind as you begin your journey as a business owner:
Try to keep everything organized. It may seem like extra work, but it will be worth it in the end. Separate business accounts are crucial for proper organization, including bank accounts, credit cards, debit cards, etc.
Be mindful of cash flow and carefully tracking expenses. It can be helpful to make a spreadsheet to keep track of your day-to-day business transactions. For a more in-depth option, consider software like Quickbooks Online Advanced, which can help you process invoices, bills, checks, and expenses faster.
Find a reliable invoicing system in order to keep up with accounts receivable. Effective invoicing software saves time and lowers the risk of errors by allowing you to create invoices faster, easily send and import multiple invoices, and duplicate similar invoices for different customers.
Thanks to grants, it pays to be a woman in business. There are many grants and programs available for female entrepreneurs looking to fund start-ups or who need help with financing. As you start your business, be sure to keep our financing tips in mind. This information should serve as a good starting point for any new entrepreneur, no matter what industry your business is in.
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