Fundraising

As many have noted, some individuals are turning to the idea of starting and running their very own business. Some of you are either in the process of doing so or are already up and running. One of the ideas that came to mind in regards to earning income or at least bring attention to venue, is to do a fundraiser.

It sounds complex but there are lots of events on going that have a need for financial assistance. Like schools looking for ways to raise funds for school trips, new equipment/supplies and even after school programs. The same can go institutions of higher education, not-for-profit organizations and others.

Getting Started
After connecting with the organizations you are looking to assist, layout a game plan for what and how you will go about raising funds. Are you going to create/offer a product for sell on sight or create a brochure of products that you offer for custom ordering. What ever you choose make sure you have all of your information together and organized so that you can present your items to the interested parties at a moments notice.

Included within the information should be a division of funds after the sale of your products. Some possible approaches [To Organization / To You] :
  • 50/50, 
  • 75/25 and 
  • 100/0
Though it may not sound ideal, this is one of the ways you can utilize to bring attention to your business. Even when you get established, you still will want to host some fundraising events to raise funds. Some ways to go about fundraising once you're established:
  • once a month
  • every other month
  • an ongoing basis

For an ongoing basis, you could offer a product and or service where 100% of funds go toward an organization(s). You can start off with one organization and then gradually increase to the amount you are comfortable dealing with. Who knows, once your foothold gets stronger, you could possibly host a scholarship or two for local students.

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