Early this year, I told myself that I would be expanding my business by having two new branches in the different areas of my city. My business is just those late-night mobile snackbar trucks, the ones you probably see when you have gone hard from a party and you find it in some place you don’t expect. Well, we move a lot. Anyway, I’ve been interested in such and I didn’t know that if you registered your small or medium business, you get some perks.
Legally, you get taxes and an owner must have the deed to the property and a license to do business. Once this is approved, I was told I could apply for business development grants. I didn’t know about this, but did some research. Apparently, my country (which I can’t name, sorry, privacy reasons. Haha) is currently trying to help out young and new entrepreneurs to enter the industry and enrich the local economies. We could actually get loans for expansion with the government sponsoring a large percent of the down payment for anything we need.
I just told myself, sweet. We’ve been seeing some successes on our internet marketing and social media advertisement campaigns. The time is just right for our expansion. These grants may also be available in your country. You could ask your local ministries to help you find such grants and fulfil their requirements.