So, to achieve successful and sustainable growth, these 5 startup tips will set you on the right path. Don’t Spend On Unnecessary Infrastructure How many times have you heard the adage “you have to spend money to make money”?
What they don’t tell you is that this only works if you spend money on the right things.
When purchasing with cash, you can only use what you have readily available and in the case of a credit card, you will not have to pay interest.
Paying with cash can save you up to 20 per cent and helps keep you accountable for the money in your wallet.
While the lease cost is the main overhead you will be paying out, offices come with additional expenses such as maintenance, utility costs, parking fees, and insurance costs. Ensure Each Member “Owns” A Part of the Business One of the driving forces that propel people to move from employment to business ownership, is that sense of owning something.
" If you cannot answer this question, then you probably do not know the donor nearly as well as you need to.
If you did, you would know who they support financially and why.
Rather, your role is to build and strengthen donor relationships that will serve your program and the institution for many years.
Of any potential donor, you should be able to answer the question, "What are their other charitable priorities?