EP24: Applying for and Receiving Grants

07/11/24 • 42 min

From Chaos to Clarity: Unlocking Your Business Potential

Summary
Dr. Nadine Duncan, owner and CEO of the Traveling Black Women Network, discusses her journey and the growth of her business. She started with a travel guide and expanded to include a Facebook group, Instagram page, vlog, blog, and podcast. Dr. Nadine shares her experience with the Her Pro Bono program, where she received technical assistance and support. She also applied for and received a grant by effectively communicating her business plan and budget. The podcast highlights the importance of understanding and managing finances in order to successfully grow a business. In this conversation, Sonja Jones and Dr. Nadine discuss the importance of knowing your numbers as an entrepreneur. They highlight the significance of understanding your financials when applying for grants and pitching your business. Dr. Nadine shares her personal takeaways from the grant application process, including the need to balance qualitative and quantitative information. They also emphasize the importance of community and networking in the entrepreneurial journey. The conversation concludes with the key takeaway that knowing your numbers is essential for asking for more money and ensuring the sustainability of your business.
Takeaways
- Starting with a clear vision and passion for your business can lead to its growth and expansion.
- Participating in programs like the Her Pro Bono program can provide valuable technical assistance and support for business owners.
- Effectively communicating your business plan and budget is crucial when applying for grants.
- Understanding and managing finances is essential for the success and growth of a business. Knowing your numbers is crucial when applying for grants and pitching your business.
- Balancing qualitative and quantitative information is important in grant applications.
- Building a strong community and networking with other entrepreneurs is essential.
- Knowing your numbers allows you to ask for more money and ensures the sustainability of your business.
Chapters
00:00 - Introduction and Background of the Traveling Black Women Network
03:10 - The Her Pro Bono Program and its Impact
08:49 - Applying for and Receiving Grants
14:08 - The Importance of Financial Management in Business Growth
23:26 - Balancing Qualitative and Quantitative Information in Grant Applications
26:01 - The Power of Community and Networking
29:32 - Asking for More Money and Ensuring Business Sustainability
Join our Grants Aren't Free Community:
https://www.facebook.com/share/UfMyoUuW9gGad3K3/?mibextid=K35XfP
Financial Freedom Roadmap:
https://bit.ly/3U1lZJg
Purchase the Business Finance Blueprint: https://buy.stripe.com/5kA03O4N00y6gog3cc
#grants #finance #buildingyourbrand #business #businesssuccess #podcastthursday
🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!
Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-virtual-accountant-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@damoneylady?i...

Previous Episode

EP23: Best Practices for Organizing Receipts and Paperwork

Summary
In this episode, Sonja Jones discusses the importance of documentation in business and provides best practices for organizing receipts and paperwork. She emphasizes the need to prove expenses, demonstrate stewardship of funds, and ensure compliance with regulations. Sonja covers various types of documentation, including entity documentation, client documentation, general receipts, and financial reports. She also shares practical tips for organizing and storing receipts, such as using a tax box, creating a deposit log, and utilizing digital storage options. Sonja encourages entrepreneurs to stay organized and track their income and expenses for better financial management.
Takeaways
- Documentation is important for proving expenses, demonstrating stewardship of funds, and ensuring compliance with regulations.
- Types of documentation include entity documentation, client documentation, general receipts, and financial reports.
- Practical tips for organizing receipts include using a tax box, creating a deposit log, and utilizing digital storage options.
- Tracking income and expenses and categorizing revenue types can help with financial management and grant applications.
Chapters
00:00 - Introduction and Podcast Update
02:09 - The Importance of Documentation in Business
09:16 - Best Practices for Organizing Receipts and Paperwork
28:41 - Conclusion and Call to Action
Join our Grants Aren't Free Community:
https://www.facebook.com/share/UfMyoUuW9gGad3K3/?mibextid=K35XfP
Financial Freedom Roadmap:
https://bit.ly/3U1lZJg
Purchase the Business Finance Blueprint: https://buy.stripe.com/5kA03O4N00y6gog3cc
#grants #finance #buildingyourbrand #business #businesssuccess #podcastthursday
🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!
Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-virtual-accountant-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@damoneylady?i...

Next Episode

EP25: Don't Ignore Taxes!

Summary
In this episode, Sonja Jones discusses where entrepreneurs' money is going and offers solutions to common financial challenges. She highlights three main areas where money may be disappearing: unnecessary expenses, taxes, and multiple entities. Sonja emphasizes the importance of tracking spending, reviewing subscriptions, and minimizing merchant fees. She also addresses the ignorance and fear tax, urging entrepreneurs to file taxes on time and seek professional help when needed. Sonja introduces GIP Academy, an upcoming online membership community that provides affordable financial assistance and resources for entrepreneurs.
Takeaways

Track your spending and review subscriptions to minimize unnecessary expenses.
File taxes on time and seek professional help to avoid penalties and fees.
Be aware of merchant fees and choose payment platforms wisely.
Consider joining GIP Academy for affordable financial assistance and resources.

Chapters
02:26 - Understanding Your Business Expenses
03:21 - The Profit and Loss Statement
05:59 - Differentiating Between Profit and Cash Flow
08:51 - Minimizing Unnecessary Expenses
11:45 - Minimizing Merchant Fees
14:32 - The Ignorance and Fear Tax
16:23 - Navigating Taxes
19:38 - Understanding Franchise and Excise Tax
24:10 - Multiple Entities: Seeking Professional Help
29:17 - Introducing GIP Academy
Join our Grants Aren't Free Community:
https://www.facebook.com/share/UfMyoUuW9gGad3K3/?mibextid=K35XfP
Financial Freedom Roadmap:
https://bit.ly/3U1lZJg
Purchase the Business Finance Blueprint: https://buy.stripe.com/5kA03O4N00y6gog3cc
#grants #finance #buildingyourbrand #business #businesssuccess #podcastthursday
🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!
Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-virtual-accountant-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@damoneylady?i...