Raising money for a non-profit
Category: Business and Money > Small Businesses
Asked by: xthompson99-ga
List Price: $10.00
08 Nov 2006 11:12 PST
Expires: 01 Dec 2006 12:18 PST
Question ID: 781105
Howdy. A couple of us have decided to start a non-profit child-care co-operative for families in our neighborhood. We are very excited, but none of us has experience starting a business. I took it upon myself to venture to the library, and I checked out a few books about starting a small business. But these books were all pretty impersonal, and didn't seem to be about small co-operatives. The issue that I'm most concerned about right now is: what is the best way to raise the 10-20 thousand dollars that we need for supplies and renovations? I suppose we could apply for a loan, but are there better ways? For example, could we solicit investments from members of the community? I'll bet we could raise the money that way, I just don't know how to do that. Let me know what you know, and what you think I should do.
|There is no answer at this time.|
Re: Raising money for a non-profit
From: daniel2d-ga on 08 Nov 2006 12:43 PST
First, you need a business plan. No bank is going to loan you money without a business plan. Even if you can get a loan or grant somewhere else they will want a plan with hard numbers. You estimate $10-20,000, double or even triple that. Research child care regulations so you know exactly what your facility has to have AND what it should have. You are going to need bathrooms that will accomodate short people - lowered sinks etc. You will want an outside play area (or access to a playground (you will spend thousands to construct your own). If this is a cooperative initial financing can come from fees charged to each member. This will indicate to any lender or grantor that you have a potential revenue base. Good luck.
If you feel that you have found inappropriate content, please let us know by emailing us at email@example.com with the question ID listed above. Thank you.
|Search Google Answers for|