Domestic Violence fundraising event
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Chapter9RaisingMoneyThroughBusinessorSalesActivities.pptxRaising Money Through Business or Sales Activities
Chapter 9
WHAT TO CONSIDER
RESEARCH WHAT OTHER AGENCIES HAVE DONE
CONSIDER TAX RULES FOR YOUR ORGANIZATION
ALL PROFITS IN A NON-PROFIT MUST GO BACK TO THE ORGANIZATION AND NOT PERSONALLY BENEFIT AN INDIVIDUAL
CREATE YOUR OWN BUSINESS IDEA
CONSIDER HOW REALISTIC YOUR IDEA IS
LOOK AT WHAT YOUR CUSTOMERS WANT OR NEED IF YOU WANT TO DEVELOP A FOR-PROFIT BUSINESS TO PROVIDE FUNDS FOR YOUR NON-PROFIT ORGANIZATION
START SMALL
DEVELOP A BUSINESS PLAN
MINIMIZE RISK BY STARTING SMALL AND HAVING A GOOD SOLID BUSINESS PLAN
SOCIAL ENTREPRENEURSHIP
Can be a non-profit organization that engages in a for-profit business to provide funds for their mission: Girl Scouts selling cookies is an example
Can also be a for-profit organization that uses its profits, or part of its profits, for a social good; Tom’s Shoes is an example of a business that gives a pair of shoes away to a poor child with no shoes in South America for every pair of shoes they sell
A New Business Model Social Entrepreneurship
Do Your Research
What have other agencies done to raise funds or serve clients?
Client-based businesses are those programs where people are trained to do a task and get paid for it, like a sheltered workshop, or jobs in shelters, or training programs for the physically or mentally challenged; these services are not the best for fundraising efforts
Organizations that create businesses to offset the costs of their main non-profit program may include businesses like thrift stores, bakeries, soup kitchens, & creating and selling artwork
Consider a low risk business plan with little investment and start small
Brainstorm with your Board and staff
Check out the list on page 294-295
Create a Business Plan
Develop a budget
Who will be responsible for what tasks?
Create timeline
What type of business are you looking to develop?
Talk to other similar businesses to determine the risks
Think about your target audience
Find your start-up money
Make a Difference
Reference for Power points
Bray, Ilona (2016). Effective Fundraising for Nonprofits, 5th Edition, Nolo, CA.
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