Should I Add This To My Business Grant Application?

Taskford

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

I am a member of an association of small business owners in my locality. There is a grant that has been opened by a philanthropic organization. As someone who wants to apply for this loan in order to boost my business I am considering adding to the grant section that I will add Bitcoin as a payment option. However, I am worried that I may not be awarded the grant if whoever has the final say on the board is not pro-Bitcoin. What do you think I should do? Should I leave this aspect out when applying for the grant, or should I take the risk and add it?

Just give a try to introduce bitcoin on your association but never expect that they accept it since its new to them maybe they get confused about it but for sure other will take consideration about what they learn from you. Just make sure you explain it very well so that this will not create any misinformation which instead main intention is to make it as alternative payment processor you came up on investment matter.

decodx

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On one hand, adding Bitcoin as a payment option could help attract more customers and boost your business. On the other hand, there's no way to know for sure how the grant board feels about Bitcoin, and it could potentially hurt your chances of being awarded the grant. If the concern is that the grant board may not be supportive of Bitcoin, then the solution is straightforward - you could choose not to include Bitcoin as a payment option in your grant application.

At the end of the day, it's up to you to weigh the potential risks and benefits and make a decision based on what you think is best for your business. If you do decide to mention Bitcoin in your grant application, it might be a good idea to provide some context and explain why you believe it would be a valuable addition. That way, even if the board is not familiar with Bitcoin, they can at least understand why you're proposing it.

batang_bitcoin

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I don't understand why you need to take a loan in order for you to accept and adopt payments in bitcoin. You can just simply accept it without any grant of loan needed because there's no capital needed for you to accept such payments.
If your purpose is to boost your business, that's totally okay but to say that you want to take a loan and then adding you want to add bitcoin as payment as a reason for your grant, there's a likelihood that you will get declined. Just solely focus on the reason of boosting your business and add bitcoin anytime you want as a payment method.

Smartvirus

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

However, I am worried that I may not be awarded the grant if whoever has the final say on the board is not pro-Bitcoin. What do you think I should do? Should I leave this aspect out when applying for the grant, or should I take the risk and add it?

I would say your taking way more chances than necessary should you be the one putting the options out. A firm or NGO dedicated to helping by means of grants would very much be the once to put out these options that might come easy for them and not you putting out what you think would be easy and hope they go with it. Good enough you acknowledge the fact that, they might not be pro-bitcoin and buy the idea, in fact, they might get the wrong idea about cryptocurrency apparently and go into a scare to oblige to your quest.

Don't forget, it doesn’t end in them just paying out this money but, keeping a ledger to track how there funds have been utilised. You might he as well asking them to open an account which they don't have and that doesn't look good.

Let them be the onces to put out this options and you get to concur.

BIT-BENDER

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You aren’t the one to determine how your grant should be paid in, it would put you out as rude if you try doing that. Yes we love Bitcoin but we still in a world were Fiat is predominately used.

I think you can get the grant in what ever system they want to use and once the funds are at your disposal than you can act and convert it to bitcoin it’s up to you then.

Chilwell

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

I am a member of an association of small business owners in my locality. There is a grant that has been opened by a philanthropic organization. As someone who wants to apply for this loan in order to boost my business I am considering adding to the grant section that I will add Bitcoin as a payment option. However, I am worried that I may not be awarded the grant if whoever has the final say on the board is not pro-Bitcoin. What do you think I should do? Should I leave this aspect out when applying for the grant, or should I take the risk and add it?

Bitcoin is a popular coin but despite that not all the country recognised it as a means of exchange for goods and services. I will advice you not to try it because since they didn't put it in their method of payment. So many people believe bitcoin is for rich people, seeing your name in the list of member of an association of small business owners they will like to reject you because they will think that you already have money.
If you need bitcoin you can buy it when you have money so just aspect any method of payment they bring. After receiving the money then you can proceed to buy the bitcoin. But if you can take the risk it okay, who knows it may be it turns round good for you. It is good to take risk but genuine risk.

Davidvictorson

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This is a tricky one. Consider these factors. First of all, since it is a grant for a small business, I think you should consider looking into the awarding organization's profile. Do a background check on them. Read up on the top executives in the organization. You could do this by looking them up on social media. If they seem like a progressive organization, or the executives have made one or two comments on social media that look like they are open to new ideas, then I would say you should go for it. If not, you may choose to risk it, but do not place too much emphasis on the bitcoin payment option. Just say it in passing. That's the best I can give to you for now.

moneystery

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

I am a member of an association of small business owners in my locality. There is a grant that has been opened by a philanthropic organization. As someone who wants to apply for this loan in order to boost my business I am considering adding to the grant section that I will add Bitcoin as a payment option. However, I am worried that I may not be awarded the grant if whoever has the final say on the board is not pro-Bitcoin. What do you think I should do? Should I leave this aspect out when applying for the grant, or should I take the risk and add it?

If you seem worried about putting bitcoin payments on your business, you can leave it out, your business is much more important than those payments. But if you think it's not too big a problem, you can put it. It is up to you. But my advice is that if you really need this loan, you should not put Bitcoin payments on your business, in case one of the stakeholders is not pro-crypto and refuses your loan. You know nowadays there are quite a lot of people who are not pro-crypto and their reasons are unreasonable in rejecting crypto, even if your business is not directly related to crypto but they don't like it.

Doan9269

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

I am a member of an association of small business owners in my locality. There is a grant that has been opened by a philanthropic organization. As someone who wants to apply for this loan in order to boost my business I am considering adding to the grant section that I will add Bitcoin as a payment option. However, I am worried that I may not be awarded the grant if whoever has the final say on the board is not pro-Bitcoin. What do you think I should do? Should I leave this aspect out when applying for the grant, or should I take the risk and add it?

Why not apply wisdom to this by using the normal bank account details everyone is giving to receive the grant and then later exchange your money to bitcoin, just as you've suggested yourself, the person going through your application may bot be a bitcoin pro and that may cause your disqualification if not taken care of, they might think you want to gambles with their money, since they didn't mention any payment medium is acceptable, dont go too forward in creating another one for them.

aysg76

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It's good that you want to add bitcoin as payment while applying for this grant but there are several factors to be considered before making these kind of decisions.You can surely add a note that if they are comfortable they can have the grant paid in bitcoin but they should be crypto enthusiastic and using wallets or have an idea about how it works.I also want to ask that how is the enthusiasm regarding bitcoin in your locality or you know someone from that group is into crypto?

Now speaking from your point of view when you get grant suppose say worth $10k to boost your business but drastically the prices went down and you have suffered a loss before making any progress so how would you tackle that situation? Would you wait for the prices to surge so you can get equivalent amount for your business or use the remaining amount? You need to consider it before dealing in volatile currencies like bitcoin when you are into serious things so make sure you are comfortable with it but it would be best to settle down in your legal currency at the moment and later on get involved into this.

Beparanf

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

I am a member of an association of small business owners in my locality. There is a grant that has been opened by a philanthropic organization. As someone who wants to apply for this loan in order to boost my business I am considering adding to the grant section that I will add Bitcoin as a payment option. However, I am worried that I may not be awarded the grant if whoever has the final say on the board is not pro-Bitcoin. What do you think I should do? Should I leave this aspect out when applying for the grant, or should I take the risk and add it?

Why the need to mention Bitcoin to make your application complicated while you can always add Bitcoin after you received the grant as payment option to your business unless the person that give grant will monitor your business 24/7 on what you are doing which not likely gonna happened.

Accept the grant then add whatever thing that you want. You answer already your concern by providing the last phrase in your statement.

Awaklara

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

However, I am worried that I may not be awarded the grant if whoever has the final say on the board is not pro-Bitcoin. W

it all depends on the situation in your country and also the agency concerned. if to be safer for the sake of expediting your plan, maybe you can set aside your wishes first. but if you know the situation supports you to accept Bitcoin payments, it won't be a problem.
I know your concern, it's very reasonable. but you better focus first on your target. if you have walked and know the situation you can include alternative Bitcoin payments. you can add it.

Marykeller

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Quote from: Pokapoka124 on March 10, 2023, 04:38:18 AM

When applying for a grant or loan, it’s best to only put information that will increase your chances of getting the grant/loan. Unless the organization offering the grant is a tech company or in the blockchain industry, it wouldn’t be a good idea to include bitcoin in your business proposal. Supposed it’s a more conservative institution, it could seem unprofessional to them. Do your research on the philanthropic organization, their previous work; find things about them that you can add in your proposal to make you look more desirable. That’s my advice.

Well-spoken. The type of information a person will think about including to maximize the likelihood that his request will be accepted depends on what he is applying for. You don't appear to include anything that is unrelated to the application you are making in the first place.

Instead of adding bitcoin when he already doesn't know the criteria the philanthropist is seeking out for giving out loans, the OP could just be on the lookout for something that would boost his chances of being granted a loan than adding bitcoin.

wajik-tempe

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While Bitcoin is gaining increasing popularity as a means of payment, it is also a highly volatile currency, and its value can fluctuate significantly over short periods of time. Not everyone may be comfortable with using Bitcoin, and some individuals or organizations may have a negative view of cryptocurrencies due to their association with illegal activities.
It is up to you to decide whether including Bitcoin as a payment option is worth the potential risks and potential benefits for your business.

tranthidung

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

I am a member of an association of small business owners in my locality. There is a grant that has been opened by a philanthropic organization. As someone who wants to apply for this loan in order to boost my business I am considering adding to the grant section that I will add Bitcoin as a payment option.

You should not do this.

You must think how long your small business has operated and how good reputation it is. Bitcoin has bad reputation by lot of fud and I don't say Bitcoin is bad but think of your business. If you apply for a grant, you must consider what is that philanthropic organization accepts. Do they accept cryptocurrency?

This question is for your own research because you don't have to convince that organization to accept Bitcoin or cryptocurrency and if they have yet accept it, you won't be able to convince them.

Hence if you apply for a grant with Bitcoin as a payment option, you likely will create bad impression.

Pokapoka124

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When applying for a grant or loan, it’s best to only put information that will increase your chances of getting the grant/loan. Unless the organization offering the grant is a tech company or in the blockchain industry, it wouldn’t be a good idea to include bitcoin in your business proposal. Supposed it’s a more conservative institution, it could seem unprofessional to them. Do your research on the philanthropic organization, their previous work; find things about them that you can add in your proposal to make you look more desirable. That’s my advice.

hugeblack

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Bitcoin often does not have a good reputation in many countries, or at least adding it will not help you much, so leave it and do not add it.
Unless you are sure that it will add something to you, even though your narration method does not suggest that.

Leave Bitcoin for several years and it may help you or use it to pay some of your installments.

cryptoaddictchie

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Just focus on getting the grant based on your idea of the business which isnt include bitcoin payment as such. Sometimes crypto arent known to others, so why not leave the idea of adding it and only increase the payment option is necessary already to crypto users. It will depend also on what kind of business you are proposing and if bitcoin payment is in demand due to online transactions or what.

Saisher

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Quote from: Alphakilo on March 10, 2023, 02:23:55 AM

I am a member of an association of small business owners in my locality. There is a grant that has been opened by a philanthropic organization. As someone who wants to apply for this loan in order to boost my business I am considering adding to the grant section that I will add Bitcoin as a payment option. However, I am worried that I may not be awarded the grant if whoever has the final say on the board is not pro-Bitcoin. What do you think I should do? Should I leave this aspect out when applying for the grant, or should I take the risk and add it?

If Bitcoin has a bad reputation in your country then don't add it will just put your application at risk, and based on your post it looks like it, so don't add it, take out all the risk that may get your application declined by asking or checking how they are going to approve the application for your grant, they are going to give it to you since you are applying, it happens to me before but it has nothing to do with Bitcoin I just check all the details by asking the board what are the requirements and what needs to be done.

mk4

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Just leave it out. Don't add bitcoin payments immediately; let it sit for a month or two. Then if it's the case that they question you about it after you added bitcoin payments, just say that you just made the decision recently.

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