Playbook / Lessons / Applications: accelerator, grant and lender
Cash-flow businessTreat a grant as a bonus, not as your foundation
The author helped hand out about two million in grants to small businesses and noticed who took a delay calmly. He concludes that one-time grant money cannot hold up a business and that a cash cushion of several months, plus going after revenue, matters more than waiting for funding.
“There was no way to build a reliable business on top of subsidies.”— Kenny Alami, 4 lessons I learned giving 2 million to small businesses, Feb 2024
Do this
Work out this week how many months of expenses your current cash would cover, and you plan every grant as extra money on top of that cushion rather than as money you need to survive.