6 Sep 2022

62

How to Make a Budget

Format: APA

Academic level: College

Paper type: Coursework

Words: 312

Pages: 1

Downloads: 0

For the organization to become fully functional and eventually successful, it is very imperative that there be a constant supply of funds. Overcoming addiction is an arduous undertaking, and it thus requires a lot of investment in both time and money. As a result, the team aims at obtaining funds to run its projects through various methods. The first and most aimed at a method of getting funds is through the acquisition of government grants (Sharrieff, 2017). During the end and beginning of every financial year, the government always allocates a certain amount of capital to non-profit organizations to support them in running their courses. As a result of this disbursement, the organization is going to apply for this grants on an annual basis to ensure that it gets enrolled in the government’s list of funded non-profit organizations.

The power and willingness of the public to engage in positive development also present itself as another source of funding. Most of the people out there are moved to see individuals who believe in and pursue a particular course, and it drives them to support in the same. This opportunity will be tapped by the establishment of a donation platform which will allow well-wishers to support, not just financially but also in other ways like material and moral support (Sharrieff, 2017). We will also organize charity events in which we shall reach out to the public and generate funds through the selling of cheap merchandise. Moreover, we are also looking forward to signing contracts with bodies in a way that they offer financial support and in return we do them favors like cleaning the streets and helping the needy.

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Having these various methods in place will contribute to generating the necessarily required funds for the organization. It will also be possible to pay any outside contractors like medical professionals who might be needed to provide guidance. On a long-term, the organization aims at coming up with more ways of generating capital.

References

Sharrieff, M. (2017). How to make money with a non-profit organization. Chron . Retrieved 29 June 2017 from http://smallbusiness.chron.com/make-money-nonprofit-organization-935.html.

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StudyBounty. (2023, September 16). How to Make a Budget.
https://studybounty.com/how-to-make-a-budget-coursework

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