Here’s step 3 of creating financial stability for your social enterprise.
Step 3 – Chart the Course
Now that you’ve looked into alternative sources of funding, you have to know what your goals are.
DOWNLOAD STEP 3 PDF, which includes a chart to help you navigate toward your five-year goal.
Here is how to fill it out:
- Start by taking your five-year number from Step 1 and putting it into the “Total Funding, Y5” box.
- Fill out the Y1 column with your estimates for this year’s estimate for funding you’ll have received across the entire year, January 1 through December 31.
- Fill out the Y5 column with what you think you’ll need from each category to reach your goal.
- Fill in the remaining columns with amounts that will stair-step you by increments from Y1 to Y5.