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January 28th, 2013

Almost anyone can apply for grants, but the reasons most of the people fail is because they do not take the time to prepare before applying. Creating a great proposal, making sure all the data is correct, finding the right grants, all these things are crucially important.

Before applying for a grant make sure follow these simple steps:

1. Research the types of grants. There are multiple types of grants and one can be better for you than another. The beauty about grants is that you don`t have to give the money back, but you do have to meet specific criteria and qualifications in order to get one. There are federal grants given by a government agency, private grants offered by a foundation or corporation, public charity grants, individual grants, non-profit grants and sponsorship grants.  Private and individual grants are generally easier to get as there is less bureaucracy and you often have to convince just one or two people that you have something good in your hands.

2. Create a database of grant sources. You will soon see that actually finding excellent grants is a rather complicated process which requires some research so make sure you start building your database of grants or of websites that regularly publish grants.

3. Create a detailed plan on how you are going to spend the money you are asking for. You will have to match this plan with the expectations and requirements of the organization or individuals offering the grant, but it is better if you have something that you prepared beforehand and which just needs some modifications.

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