Wednesday, March 3, 2010

Keep on Keeping On: Don't Get Spooked By a Bad Economy


As you may know, Tricia and I are enjoying a good year economically. Although she was laid off in March 2009 - and is still looking for work - our grant writing consulting business is growing nicely and producing more than enough to keep us afloat. Nevertheless, these are dark times for our U.S. economy.

As you can see from the private employment chart above, this particular recession is much worse than previous recessions from the standpoint of overall employment numbers. The good news for grant writers, however, is that foundations are still required to give away 5% of their assets no matter what. Even if the charity doesn't have enough money for staff, it usually has enough money squirreled away to cover the cost of a grant writing consultant to help them put together a series of winning grant proposals.

Moreover, there are a lot of people making a lot of money. Government employees are doing well. Certain sectors of the economy are taking off even as other portions of the economy slide. The danger kicks in only when you allow yourself to get discouraged and stop trying with your soliciation efforts, grant writing, and normal follow-up activities. No matter what, tough times don't last...but tough people do.

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