It is unrestricted renewable income that enhances your mission. Earned income is money generated through product sales, payment for services, or other business opportunities that is yours to use as your organization sees fit.
Traditional funding includes grants, special events, donations, sponsorships, underwriting, etc. You work hard to get the money, you use it up and then you have to go back to get more. Inevitably there are strings attached to this money. It is restricted in some way.
Successful entrepreneurial nonprofit organizations embrace the big picture. They think and act strategically. They build a plan. They educate themselves about market trends, customer buying cycles, consumer benefits and they know their competition.
Successful social entrepreneurs "Get Up and Get Out" to test their assumptions. Most important of all, successful social entrepreneurs invest resources to grow and enhance their mission.
Expedition training in social enterprise has 7 modules delivered in classroom settings over about 6-9 months with homework and consultation in between, resulting in a business plan for earned income. Participating agencies build a team of staff and volunteers who learn:
Organizational Focus, Vision, Mission, Core Values, Stakeholder Planning, Goals and Desired Outcomes.
Assets and Opportunities: Physical, Technical, Knowledge and Relationship Assets, Brainstorming Opportunities, Objective Evaluation.
Venture Market Research Part I - The Customer(s): Buyer/Payer Markets, Buying Decisions, Market Research.
Venture Market Research Part II - The Competition: Competitive Advantage, Market Research.
Costing, Breakeven, Financing, UBIT and other issues.
Writing a Sales Plan.
Business Plan Development.
It only costs $12,000 per agency plus trainer expenses for the entire Expedition program, regardless of the size of your team. This includes training and on demand consultation for up to one year during the training.
That's only $1,000 per month to build your organizational capacity and get control of your income!
Many funders would much rather invest in this training rather than sponsoring another special event. We can provide you with helpful information to present to potential funders.
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Schedule a special one hour webinar or attend a scheduled informational webinar