Community projects are one of the best ways business owners can take funds for their initiatives from the community. But the projects must be given the grant application, which will provide them with a green flag, and they will be able to take funds from the community. The process of Grant application is not that easy as there are several steps involved in the same. Here we will be looking at the steps businesses should follow for their Grant application process. These steps are as follows-
1. Cover Letter
The first step is to create a cover letter, which must be strong as it creates a first impression towards the authorities. The letter must not be too formal and should provide the information related to the project clearly and concisely. The cover letter must be designed so that the reader cannot deny the proposal at any cost and will be investing in the project.
2. Put a Summary of the Project
The reader will only be interested if the Grant application is short. Therefore, it should be noted that the information regarding the Community project should be provided in the form of a summary to the individuals. The main information must be included later on, but before that, it is necessary to have a summary of the project.
3. Introduction of the Organization
Once all the details regarding the Community project have been discussed in brief, it is time to put an introduction of the organisation. All the information regarding the organization which is relevant and should be included in the application must be provided in the Grant application. It will help the readers to know more about the history of the business and also about its infrastructure.
4. Problem Statement
The next step comes with the inclusion of a problem statement. This means that the problem which the community’s problem must be informed over here, and how the business will come up with a solution regarding the same must also be covered in this step. It will help the readers know whether they should invest in this Community project. The problem should be informed directly.
5. Objectives of the Project
One of the most important parts of a Grant application is the goals and objectives of the proposal. Many businesses ignore this step due to which their proposals fail to be accepted by the majority of society. Through this step, the business owners must inform the readers about the steps they’ll take to solve the problem and how the project’s success will be measured.
6. Design of the Project
The next step is to include the project design, which will tell the readers how the project will work and how the funds taken from them will be utilised for the project. This part will cover all the methods and strategies which the business has planned to be implemented in the project for the accomplishment of the task.
7. Evaluate the methods
As the methods have been described in the Grant application, the next step is to evaluate all the methods. This step will involve a detailed outlook regarding the methods chosen by the business owners for the community project. It also helps the readers to know more about the functions of the same and why the funds are required for it.
8. Tell them about the Funding sources
Funding through the community is not the only way the business will acquire funds for its projects. Therefore, the business should also inform about the other sources through which funds will be acquired by them for the Community project.
9. Budget Outline
The last step is to provide a budget Outline which has been set up by the business during the planning process. In this step, the business owners will inform the readers regarding the way in which they will be using the funds allocated to them once the grant gets approved. This must be done simply and understandably.