Top Small Business Trends for 2021: Where to Find Grants and Funding
Are you a small business owner looking to expand or grow your business in 2021? With the ongoing pandemic and the economic challenges that followed, finding grants and funding opportunities can be a great way to kickstart your plans.
In this article, we’ll look at the top small business trends for 2021 and where you can find grants and funding to help you achieve your goals.
1. Embracing the Digital Age
In today’s world, going digital is no longer an option but a necessity. As a small business owner, you need to have a strong online presence to attract and retain customers. With consumers adapting to online shopping and virtual meetings, it’s essential that you offer your products and services digitally to capitalize on the shift.
To help you achieve this, there are several funding opportunities you can explore. For example, the Digital Main Street program, available in Canada, provides grants to small businesses to help them enhance their online capabilities.
2. Prioritizing Health and Safety Protocols
The pandemic has led to a heightened focus on health and safety protocols. As a small business owner, you need to comply with the guidelines set by your state to ensure the safety of your employees and customers.
To help you meet these requirements, you can access grants and funding to help with the purchase of PPE, disinfectants, and other necessary items. The Small Business Administration’s (SBA) COVID-19 Economic Injury Disaster Loan (EIDL) is an excellent option to consider.
3. Investing in Sustainability
Sustainability is becoming a crucial factor in business decisions. As customers become more conscientious about their impact on the environment, they demand the same from companies they buy from. Making your business sustainable not only helps with social responsibility, it also contributes to cost savings and attracts eco-conscious consumers.
To help you invest in sustainability, grants and funding such as the Green Business Fund from the UK government and the Sustainable Agriculture Research and Education (SARE) Grants from the US are available.
4. Supporting Local Communities
The pandemic has led to a renewed interest in supporting local businesses. Small businesses are at the heart of many communities, and investing in them can have ripple effects that benefit the entire area. Local small business support schemes and grants are available through local governments, and some private organizations also offer funding opportunities.
Conclusion
2021 presents exciting opportunities for small businesses looking to expand or grow. By embracing the digital age, prioritizing health and safety protocols, investing in sustainability, and supporting local communities, you can position your business for success.
Grants and funding opportunities are available to help you achieve your goals, but it’s crucial to do your research and understand the eligibility criteria. Keep in mind that some funding options may come with conditions attached, so be sure to read the fine print before applying.
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