Thursday, February 3, 2011

Goal Setting and Planning

Before you start fundraising, there is one key element that you cannot forget...
 GOAL SETTING!

Here are some simple steps to figure out your Fundraising Goals:

Deciding on what type of fundraiser is the first step.  Next you’ll want to set a goal for how much money you would like to raise.  When setting your goal don’t forget to take expenses into account. For example, you are hosting a neighborhood movie night and would like to raise $300.  You estimated your expenses are going to be around $50 which will cover popcorn, soda, candy and the new release movie rental.  So in order to net $300, you actually need to raise $350. You’ll also want to break down the goal to determine how many people you will need to attend in order to raise that $350.  If the Goal is $350 and you charge $10 a person to attend, 35 people are needed in attendance to raise $350.  Once you subtract out your expenses, you will have reached your $300 goal.

Hope this makes Goal Setting and Planning a bit easier :)


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