Right now, nine million Aussies are dreaming about starting their own business, but only six percent of them will ever make those dreams come true.
What’s stopping the rest of us? Fear of failure tops the list, with money following as a close second. We are nervous, and understandably so. Running your own business means you are responsible for paying your own salary. Not only that, but you’ll probably need to invest your savings or take out a loan to get that new business off the ground.
But when it comes to funding your startup, did you know there’s a third option? A rarely-talked about, repayment-free secret weapon for new businesses: funding grants.
Everyone wants to see more small-businesses launch in our country. After all, small business has been called the ‘engine room’ of the Australian economy, and it’s not hard to see why. Small businesses employ 4.8 million Australians, and contribute close to $350 billion to our economy every year.
What’s more, if only 1 percent of all Aussie small businesses could be helped to reach their revenue and growth ambitions, they could contribute another $1.7 billion to Australia’s GDP – in this year alone.
That’s why many public and private organisations now awarding business grants to people with good business ideas and the gumption to bring them to life.
But not everyone knows about these opportunities. So, if you dream of starting a business and need some financial help, and business mentorship to get it off the ground, a business grant might just be the kickstart you need. It’s absolutely worth your while applying for this support before you knock on the doors of the bank.