Entrepreneurship & Innovation

 “Basic Business Research and Planning"

Each discussion response must be a minimum of 125 words of substantive content. No references are needed. Do not write a whole page. No copying and pasting of work previously done for someone else. 

Question 1 

Speaking about the government grants, do you find that there is value or ease in trying to get the governmental grants for business? I have actually written a few of these and have found that they are extremely time consuming. More than actually writing your business plan in a lot of instances, what’s really discouraging is the lengthy waiting times to figure out if you are approved. During this waiting period, they release small updates as your grant makes it through the different approval processes. The current grant that I am waiting for has been in the approvals process for over six months. For an entrepreneur, this would be a difficult wait time, especially if you are ultimately denied. It could put a great strain on the impact of your release.

Question 2  

How would you go about searching the industry? What sources would provide the best information?