What to do about fundraising, finance and accounts.
Jan 24, 2023
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Seeking
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Still on building my Social Enterprise.
Like all non- profits, fund-raising, financing and accounts will be key issues. Money is needed to drive the vision. Getting the money needed or seeking for money through different means, either from individuals or organizations as donations or gifts, grants is what is called fundraising.
Financing is making sure the monies are in the right places or for right cause . It is making money available for the designated activities or projects.
Accounting is keeping records of all financial transactions or how money comes in and is used.
What methods can I use to raise funds for my Social Enterprise?
Crowd funding on social media.
Apply for Grants.
And intergrate profit making in to the Enterprise. Making crafts to sell.
These I believe will help sustain funds.
How can I ensure that I finance my campaigns wisely?
I will set financial policies in place that will guide financial procedures. Roles and responsibilities of everyone and everything to do with funds. How it is spent and who decides what. one clearly stated.
What systems will I put in place to maintain my accounts?
Give periodic reports to the board of trustees.
- Training - Social Entrepreneurship
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