Seven grant writing myths

 

You are acquainted with the basic features of the playing field, the major players and their strategies, necessary for success in the “grant writing” game. It’s time to debunk the myths, which acquires any serious game with a set of hard and fast rules. Not knowing the rules or conscious of not performing, you can not win.

 

Myth One: The Foundation is just waiting to make me rich

 

Reality: Applying for required activity. The word itself indicates the need search, tracking, rather than passively waiting for that someone will come and will give you the money. In short, do not sit and wait. If you do not find suitable foundation someone will do it before you.

 

Rule: Active look for opportunities, if you don’t want to lose

 

Second Myth: The more money i asked, the more money they will give me

 

Reality: In general, the larger the project budget, the harder it is to get money. On
large grants may count only known and proven time companies with the “track record” of successfully implemented projects. If you are a young entrepreneur, start small.
However, if idea of project does not justify the requested money, also can happen that the fund even a very modest request will appear overpriced.

 

Rule: Every sponsor wants to get a return on their money

 

Myth Three: After receiving a grant from the fund, i guarantee yourself getting new grants from the same fund in the future.

 

Reality: No grant can not be guaranteed automatically receive the new funding from the same fund. In your best interest to show the next investor that you have already a network of funding sources, with which you will be able to indefinitely carry out your project. Priority directions of the funds change very often.

 

Rule: Do not expect financing for all life from no one fund

 

Myth Four: Money in the pocket – i own them and and i’m not obliged to report to anyone

 

Reality: Funds enter into a contract with the company that undertakes to implement
project, which is in accordance with the needs (interests, priority) of the Fund. Your project thus becomes the a document that legally binds you and your foundation. Therefore by contract you are obliged to provide the fund all the documentation on time – reports, reports of changes in the program, etc.

 

Rule: Grant imposes on you first foremost obligation.

 

Myth Five: By lying and presenting your company in a more favorable light than it
in fact, i’ll get more than if just speaking the truth

 

Reality: You may be tempted to embellish the truth. It is unlikely can help. The fruitfulness of your relationship with the Fund depends primarily on the level of trust each other. If a lie detected, you not only risk to reputation of your company, but, most likely, you will have to return the money invested.

 

Rule: Honesty – the best tactic

 

Myth Six: My goals and objectives i have to completely subordinate the interests of the Fund

 

Reality: Some applicants believe that their chances increase if benchmark
for them to be, primarily, investor interests and goals, and then – your own. Take a course on equal cooperation. Define your own goals and needs and try to bring them closer to interests of the Fund.

 

Rule: You can not control the wind, but you can manage sails

 

Myth Seven: Refusal – this is a genuine catastrophe

 

Reality: In this game you have a lot of competitors. Typically only 10-30% of
applicants receive a positive response. Therefore, if your proposal got negative answer, take it as and a good lesson – try again! Find out from investor why he
refused to finance your idea, and never give up these attempts.

 

Rule: If you have suffered a setback, learn from your errors and try again and again!

 

grant writing myths