Developing a Plan for Financial Sustainability

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Presentation transcript:

Developing a Plan for Financial Sustainability

Plan for financial sustainability: A tool used to help the organization and its goals thrive over the long term 2

Why plan for financial sustainability? Financial security An increased focus on your real work Becoming more competitive in your field Easier transitions Following guidelines

The planning process: Choose developers Announce your work Determine and compare the amount of money you have, need and want Set objectives Consider your possibilities Choose among possibilities 4

The planning process (cont.): Develop your strategy Develop a timeline Draft your plan Incorporate feedback Implement your plan Monitor and evaluate 5

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