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Revenue Generation Plan

Lori's Hands
Newark, DE, USA
Lori's Hands
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Lori's Hands
Newark, DE, USA

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Cause
Human services
Skills
Finance Strategy consulting

Posted July 19th

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
What we have in place
  • Lori's Hands has been providing free home assistance in the community for 10 years. With this tenure, we have developed a number of strong partners and supporters. We have a number of different funding sources and some ideas about new opportunities, which we'd be glad to share with you to get started.

    We have one full time staff member and an active board of directors who are eager to work with you!
How this will help
This project will save us $10,242 , allowing us to identify and pursue new revenue sources and expand our services.

Lori's Hands has great potential to replicate its services, bringing meaningful service learning to more students and communities. We have the opportunity to apply for repeat funding that would support replication. We need to demonstrate a solid growth and funding strategy as part of this application. Your support will strengthen our application and will hopefully enable us to replicate our program in other colleges and communities!

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
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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

Lori's Hands
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Causes
Human services Education Health & nutrition
Posted by
Maggie R
Maggie R.

Program Director

Our mission

Lori's Hands builds mutually beneficial partnerships between community members with chronic illness and college students, fostering empathy, connection, and resilience. Students provide practical assistance to support community members' independence at home, and community members share their health and life experiences to support students' learning.

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