Project Overview
Our organization has identified some potential earned income revenue streams. We would like to partner with a business strategist that can help us evaluate the feasibility and sustainability of these earned income streams.
The business strategist would assess the viability of each income stream based on factors like market demand, competition, costs, scalability, and potential risks. We need assistance in determining if the income streams are sustainable in the long term and if they align with your organization's values and capacity.
The strategist would then help us define specific financial goals for our earned income strategy, such as revenue targets or profit margins. Then we will determine the pricing structure for our products or services, considering factors such as market rates, value provided, costs, and target audience affordability. The strategist will help us ensure that our pricing strategy enables sustainability and covers all relevant costs, including production, marketing, overhead, and personnel.
We have a few ideas on revenue streams that we have tested. We have done a Speaker Series where we had a panel of Sports leaders come to speak to the value of leadership and how it relates and translates to corporate leadership. Our first one was with Coach Steve Kerr - we held that for free. The 2nd presentation was held recently with Coach Tara VanDerVeer - now retired Stanford Women's Basketball Coach, Brady Stewart - BayFC CEO, and Jess Smith - President Goldent State WNBA team. We targeted companies and VC firms to buy tables to attend. We ended up making approx $35k from the event. And we are looking to plan our next one for 2025. We also have hosted a Mom's Basketball Clinic to get moms out practicing with their kids. We are looking to co-host one with the Warrior's Academy and would like to expand. We also have some ideas about partnering with companies who have dollars for do'ers programs.
We have already identified several revenue streams where our nonprofit has expertise and can potentially offer products or services that align with our mission. We have also identified our target audiences and understand the needs and preferences of your potential customers or clients. We will also supply the strategist with our financial information, including the operating budget.
Nonprofit Overview
We develop female leaders through coaching youth sports. We connect young women who play sports with coaching opportunities, development and mentorship and prepare them to be leaders within and outside of sports.