Money at times it can be one of the most frustrating things that we deal with. We want to do good works but they cost money. There are premises and facilities to pay for where we buy them or rent them. There are the tools that we need such as computers, toys and activities that suit the age group(s) we are working with, refreshments not forgetting books and other learning materials that help us improve our ability to serve others.
Where can the money come from? There are not that many places when you really think about it.
- We can accept donations.
- We can encourage people to buy things from us.
- We can charge membership or subscription fees.
- We can look for grants.
- We can borrow money.
- We can swap something else of value for money e.g. offer a voucher or future discounts in return for cash using a crowdfunding website.
- We can bid for contracts that other people who have a need put out to tender.
If you can think of anything else I would love to know. You can tell me on the conversations page. There again I would be surprised if you were able to do this.
Each one of these things takes effort. Think of all the time spent asking people to donate to their cause with adverts, phone calls, standing around with collecting tins. It also takes effort to find things to sell and then to actually sell them.
Memberships and subscriptions fees are probably the easiest, once you have attracted people to your group. There is work to do attracting people to the group so that it grows even if some people leave.
Grants are not easy to find and then it takes a lot of work making applications that can beat the competition.
Borrowing money is not easy. You still need a plan that persuades the lender that there is not much of a risk lending you the money. Even then you need the gift of the gab to get through the interview. Then, of course, you have to find a way of repaying the loan.
Crowdfunding is not new it is just a new way of doing an old thing. Believe it or not, it is not that different from the adverts speculators used to put in newspapers in Victorian times. It is just using today’s’ digital technology to do what is in effect the same thing.
The one thing they all have in common is the need to persuade other people to part with money. You have to put together a good argument for them to give you money.
Contracts are not easy either. You have to be able to jump through all the hoops set by the organisation that is looking for people to do the work for them. You need to prove to them that you have all the systems in place to run an effective and efficient service before you can even think about telling them how much you will charge them for running that service.
Where has all the money gone?
Problem is that in recent years it has seemed as though there is less money that it is possible to persuade people to send your direction. There are so many more demands are being made on the money available. It could be someone in a job whose income is staying the same while the price of food and energy is going up and up. It could be a trust fund that has less money that it can give away in grants as it gives away the money it earns in interest and the interest rate is so low the funds they have to give away have dwindled to virtually nothing in comparison to what they used to be when the interest rate was higher.
There are ways around this but the top and bottom of it is that it is the survival of the fittest. Those who have the best run business or project will survive. Well, they will if they have the strong marketing, awareness raising or persuasion skills that will persuade other people to give them money.
It is possible to raise the money needed to run a project, but only with the right team with the right set of skills. It is possible if you can prove that you are able to use that money to reach the aims of the people who you want to give it to you.