Grants are a great source of funding for businesses seeking to train new/existing employees, expand their capacity, or research and develop innovative technologies for commercialization. Unlike loans, grants are interest-free and don’t have to be repaid, making obtaining certain grants more competitive.
The quality of your proposal can be one of the main reasons your grant application gets denied. It can be as simple as not following the grantor guidelines to more technical issues like poor writing or vague proposals.
Grant proposals are daunting. The time required and knowledge needed to craft a winning proposal can make the process challenging and stressful. Hiring a professional grant writing firm is a great way to reduce grant-related stress and increase your chances of success. Here are a few reasons why:
Some grants can be completed in a few days, and some require a few months. You’re going to have to invest a lot of your or your employees’ time into writing winning proposals. Moreover, there may be multiple grants you want to apply for, and they all have strict deadlines. Grant writing firms ensure that you meet deadlines. It’s one of their key selling features. Additionally, a grant writing firm will have multiple grant writers that can work on multiple applications simultaneously. Studies have shown that the more grant awards you apply for, the better your success rate. You can save yourself time and position yourself for success by using a grant writing firm.
Everybody is familiar with the clichéd phrase, “time is money.” It is an apt description of the grant writing process. As mentioned above, hiring a grant writing firm can save you a lot of time. The time you save directly translates to the time you can spend on the operation of your business. Depending on the type of research or specialized knowledge required by the grant application, it can be more cost-effective to outsource. It might seem cheaper to write the grant application yourself, but you should consider how the time invested in the application will affect your day-to-day operations. Many grant writers/writing firms offer competitive pricing.
Grant writing requires a professionally developed skillset. Just as there are specialized grants, there are specialized grant writers. No one grant writer is an expert in every grant area. But there are certain nuances, resources, and insights gained through experience. An experienced grant writer/writing firm can provide the specialized knowledge necessary for developing a winning proposal. Grant writing firms will have grant writers with a variety of expertise. Furthermore, you’ll have the opportunity to access this knowledge and learn more about the industry so that when you eventually decide to write proposals on your own, you’ll be well-equipped to do so.
You might think that hiring a grant writing firm means relinquishing control of the application process and the project. That is not the case. Your input is what drives the application process. To design a winning proposal, grant writers need to have an intimate understanding of your company. Your knowledge plays a crucial role in that regard. Additionally, writers will ask you to review the proposal to ensure they represent your vision for the project. The grant writing firm is there to craft a winning grant proposal, but your input determines the direction of the proposal.
These are just a few of the reasons why hiring a grant writing firm is worthwhile. Using a grant writing firm will not guarantee that you win the grant award. But they can dramatically improve your chances of receiving the award. So, if there is a grant out there you want to secure for your business, consider hiring a grant writing firm!