This week, I study more about revenue generation, and here are some of the things I learned.

 A sustainable social venture model is how the social venture solves the social problem and does it in a sustainable way.

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. Financial statements include Balance sheet, Income statement, Cash flow statement.

Financial statements are written records that convey the business activities and the financial performance of a company.

The balance sheet provides an overview of assets, liabilities, and stockholders' equity as a snapshot in time.

The income statement primarily focuses on a company’s revenues and expenses during a particular period. Once expenses are subtracted from revenues, the statement produces a company's profit figure called net income.

The cash flow statement (CFS) measures how well a company generates cash to pay its debt obligations, fund its operating expenses, and fund investments

One reason why the nonprofit sector has not developed its own funding models is that running a nonprofit is generally more complicated than running a comparable size for-profit business. When a for-profit business finds a way to create value for a customer, it has generally found its source of revenue; the customer pays for the value. With rare exceptions, that is not true in the nonprofit sector.

When a nonprofit finds a way to create value for a beneficiary (for example, integrating a prisoner back into society or saving an endangered species), it has not identified its economic engine. That is a separate step.

Many nonprofits, such as the Success for All Foundation, work with government agencies to provide essential social services, such as housing, human services, and education, for which the government has previously defined and allocated funding. Nonprofits that provide these services use a funding model we call Government or Donor Capital. In some cases, the government outsources the service delivery function but establishes specific requirements for nonprofits to receive funding, such as reimbursement formulae or a request for proposal (RFP) process.

Social platforms offer you a great opportunity to engage your audience with different types of content, keep potential donors and volunteers up-to-date, and recruit new donors. Lastly, Don’t make grants your primary revenue stream.

Does Money Buy Happiness?

Personally, I believe money can buy happiness to a point. Most people assume that “things” will lead to more happiness than “experiences.” Physical objects—such as the latest iPhone, handbag, or car—last longer than say going to a concert, taking a cooking class, or going on vacation. Buying things does make us happy, at least in the short term. In the long-term, however, we habituate to new things and even though they may have made us excited and happy at first, eventually the item becomes the new normal and fades into the background.

Can money change the world?

Individuals change the world, not money. If we want to make the world a safer, more secure, peaceful, and permanent place, first of all, we need to have more control of how our money gets created and where it gets spent.

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