Getting grant money is exciting, but knowing how to spend it wisely is key. Here’s a quick guide to making the most of your funding:

1. Plan Your Spending

   Start by making a budget. Think of this as your blueprint to ensure every dollar goes where it needs to.

   
   

2. Prioritize High-Impact Areas

   Focus on the parts of your business that really need the boost – equipment, marketing, or new hires, for example.

   
   

3. Track Everything

   Keep track of every expense. Not only will this help you stay on budget, but most grants require reporting, and you’ll need those records.

   
   

4. Don’t Forget About Taxes

   Grant money might be taxable, so check the details and set aside some funds if necessary.

   
   

5. Get Feedback and Celebrate Wins

   If you’re hitting your goals, let the grant provider know. Showing progress can help build relationships for future funding.

   
   
   
   

Using grant money the right way can really take your business to the next level. Make a plan, stay on track, and enjoy the growth!