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Revenue Generation Plan

Men for H.O.P.E
Trenton, NJ, USA
Men for H.O.P.E
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Men for H.O.P.E
Trenton, NJ, USA

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Cause
Community & economic development
Skills
Finance Strategy consulting

Posted July 11th

Revenue Generation Plan

Project details

What we need
  • Assessment and recommendations for income-generating activities that will complement the Organization's current mission and existing programs
  • Actionable steps necessary to implement recommendations, alongside estimates of upfront time and monetary investment required
  • Identify challenges & potential risks in pursuing the plan
Additional details

We'd love to come up with more income generating strategies for our organization.

What we have in place
  • We currently have a simple budget, which should make it easy for you to get started. We also have documents, and the ability to provide any other information you need.
How this will help
This project will save us $10,242 , allowing us to provide more free food and resources for our participants.

Assessment and recommendations for income-generating activities can assist us in our program's growth.

Project plan

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Prep: Recommendations
  • Professional provides recommendations for promising sources of revenue with Volunteer Manager providing feedback selecting a single revenue stream that should be prioritized
  • Professional evaluates revenue potential of recommendation by taking into account costs and other required organizational investments such as programming, staffing, technology, and communication materials
1
Milestone 1: Delivery of Plan
  • Professional provides actionable steps, time estimates, and operating model necessary for developing revenue generation strategy
  • Professional outlines key milestones and performance indicators to help assist the Organization as they execute the plan
  • Professional outlines challenges to be aware of as the Organization executes on plan should also be laid out such as operating costs
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Milestone 2: Distribution of Prep Materials
  • Volunteer Manager provides all relevant marketing and branding materials, including but not limited to annual reports, financials, fundraising collateral, website copy and information on representative stakeholders such as donors, advocates, and constituents served
  • Available materials with Professional should include Market Analysis, Financial Plan, etc.
3
Milestone 3: Analysis and Feedback
  • Professional and Volunteer Manager brainstorm potential revenue-generation streams and potential target markets
  • Professional provides analysis of Organization’s existing approach to funding and program beneficiaries and a competitive benchmarking of peer organizations
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About the org

Men for H.O.P.E
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Causes
Community & economic development Education Youth development
Posted by
Kelvin B
Kelvin B.

Executive Director & Project Manager

Our mission

Men for H.O.P.E is a 501(c)3 nonprofit organization in Trenton, NJ that provides low income and below poverty level citizens with the professional and academic resources needed for success.

What we do

MEN FOR H.O.P.E is a 501(c)3 non-profit organization that utilizes education, mentoring, and community outreach as tools for social and economic development. The acronym "H.O.P.E" means "Helping Other People Elevate". The acronym reflects our primary interest in improving the living conditions of those in need. Our central audience is low income and below poverty level residents of New Jersey. We collaborate with other
local nonprofits, banks and brands to provide underserved families with essential items and donations as well as professional and academic resources. Our partnerships also aid us in producing engaging, informative events and activities that are open to the public such as our previous financial literacy courses, healthy eating sessions and our annual summer block party.

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