Debt Free Empowerment | Application Preview
Debt Free Empowerment is seeking government grants to initiate its financial coaching business, focusing on purchasing necessary supplies and internet services. The business plan outlines efforts to establish a network for community outreach and includes plans for a website, business cards, and social media presence.
The grant application highlights several compelling reasons for approval:
1. **Social Impact**: The business aims to improve community well-being by empowering individuals and families with financial coaching, contributing to financial stability.
2. **Market Demand**: There is a growing need for financial literacy, indicating a significant market opportunity for the coaching services.
3. **Sustainability**: By promoting financial literacy, the coaching initiative supports economic stability and independence, benefiting the broader economy.
4. **Innovation**: The coaching approach integrates innovative technologies and strategies, enhancing service delivery.
5. **Profitability Potential**: With a considerable amount of consumer debt in Ohio, the business targets a sizeable clientele, anticipating expansion beyond state borders.
6. **Competition**: While aware of competitors offering a wider range of services, the application emphasizes a unique competitive edge through a partnership with Ramsey Solutions, providing access to their expertise and referral network for specialized services.
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General Information
Business Registration Number: none
Location: Mansfield, OH, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
Will purchase supply and internet services to start my business.
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Business Plan
I'm already getting networks set up and I have a good contact that is going to help me get my name out in my local community. Also with a web page, business cards, phone number, Facebook, and Linkin. Social Impact: Financial coaching contributes to community well-being by empowering individuals and families to achieve financial stability. Investors seeking to make a positive social impact may see your business as a valuable avenue for driving change. Market Demand: The increasing need for financial literacy and coaching presents a growing market opportunity. Investors are likely to be attracted to ventures addressing a high-demand area with the potential for scalability. Sustainability: Financially literate individuals contribute to economic stability. Investors may recognize the long-term benefits of supporting initiatives that foster financial independence, as this can lead to a more robust and resilient economy. Innovation: My financial coaching approach incorporates innovative technologies, strategies, or delivery methods. Profitability Potential: Currently Ohioans have approximately $383 billion in consumer debt and the average mortgage debt is $118,446. This is just Ohio only and I'll be getting clients from all over the United States.
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Self Identified Competition
There are several competitors around me that I will compete with and that also offer more services than I will. I have completed a course through Ramsey Solutions and have his team to fall back on and the network of Ramsey's preferred businesses that I can refer people to for more in-depth specialties.
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Contact Applicant
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