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Ask Dave

Government Grants for Small Business?

Government grants may be worth researching, but really Lorraine should expand her small business by just going out and making more money.

QUESTION: Lorraine wants to expand her small business.  Should she file for government grants?

ANSWER: It’s usually easier to just go and make money than looking for the government to give it to you.  However, it may be worth researching.

Just remember that some of the strings attached to these grants are extreme and very strange.  They can really tie your hands and lock you into something you would not want. 

Don’t buy into the lie that the government has “free” money.  Be very aware of what you’ll have to sacrifice to get the grant.