Episode summary: 

I find when Founders have misconceptions about nonprofits and grant writing, they make some serious mistakes. When I was writing grants, these were the mistakes Founders made and the misconceptions that led to those mistakes. Understanding these misconceptions is the first step in not making the same mistakes.

Topics discussed in this episode: 

Misconceptions Founders Have

- Grants will Fund us [00:01:59]

- leads to the mistake of chasing grants that you won't qualify for. [00:02:24]

- Instead, Founders would serve their nonprofit better if they ask, “how do we become grant ready by doing this”? [00:02:52]

- Grants are a One and Done Activity [00:03:27]

- Grants are a process  [00:03:50]

- Founders can avoid the mistake by asking, “ how do we set up the grant process?” [00:04:26]

- Grants are Free Money [00:05:09]

- The free money myth leads to Founders putting all their hopes in grants and ignoring the costs at the expense of the organization. [00:05:32]

- There is such a thing as opportunity cost in business. [00:06:31]

- Sometimes you must ask yourself, “ Is what I may gain from this option worth the sacrifice of the gain from this other option?” [00:07:27] 

Resources mentioned in this episode: 

- Nonprofit Founder’s Club Facebook group [00:00:00]

Episode transcript: 

Ep_ 3 Three Grant Misconceptions Founders Have Podcast Transcript.pdf

Calls-to-action: 

Join the Nonprofit Founder’s Club Facebook group