Finance management

Finance Management in

Project - Training

Start your day with a smile, and see how fun it is going around the world and looking the angry faces of everybody else “… Mafalda

Who you are?

• At less you know Two streitness and Two weekness of your self?

• How do you work under stress?• Did you wake up with a smile today?• Do you really know who to work in team?• Do you think you leadership material?

Leadership (Be easy to follow,

Last Session Review

Project Planning StagesWhere do you

want to go?

General Idea of the Project

Vision

Goal

Mesurement

What do you have now?

Description

Values

Target audience

Duration/ Timelimit

MainTask/ Secundary

Task

What else do you need?

Money

Knowledge

Expertise on Production

Partners

Profits > Cost

1 2 ?

Market Research

Market research• Market research is any organized effort to

gather information about markets or customers. It is a very important component of business strategy.

• Market research is a key factor to get advantage over competitors. Market research provides important information to identify and analyze the market need, market size and competition.

5 steps in the marketing research prosecc:

• Define a problem and research objectives • Develop the research plan • Collect the information• Analyze the information and present the findings • Make a decision

Methodologically, marketing research uses the following types of research designs:

• questionnaires, • focus groups, • in-depth interviews, • experimental techniques• observations made at one time or observations occur

over several time-periods

Segmentation of market: To divide a market by a strategy directed at gaining a major portion of sales to a subgroup in a category, rather than a

more limited share of purchases by all category users.

Examples:• Gender• Age• Price • Location• Religion• Income• Size of Household

Strategy is the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations

Simulation

Budgeting

Budgeting

Budget: is a plan that outlines an organization's financial and operational goals. Budget may be thought as an action plan.

… helps a business allocate resources, evaluate performance, and formulate plans.

The basic process of planning a budget involves listing the business's fixed and variable costs on a monthly basis and then deciding on an allocation of funds to reflect the business's goals

•Excel Example

Budgeting Scale (Tips)Estimated Numbers for your Project

Assistance

Sales Subsidies

Incomes Cost of Operation

Extra Incomes Extra Expenses

Sponsorships Discounts

Other incomes Other Cost

Total Incomes Total Cost

Cash Flow

Money estimated

Excel :

Fundrasing

Fundrasing

• Fundraising is just what it appears to be - the raising of funds or money. For a non-profit, fund raising is often the only way to get the money to pay for the facilities and programs that the group wishes to organize. Fundraising can take many forms, from sales to direct asking for money to organizing events or lotteries for which people will pay.

Why is Fundraising Important?

• Fundraising can help raise awareness through newspapers or newsletters, it can help a group establish an Internet site, and it can help people that the group is hoping to help. For example, a women’s shelter will need money for a shelter space, money for food and board for abused women, and money for programs such as education and job training for the women who visit the center

Why do I need to learn about Fundraising?

• Plenty of people assume that fundraising is as simple as holding bake sales or some other organizational activity until enough money is raised

Marketing Questions To Ask When Targeting Fundraising Donors

• Where can I find people who are interested in the issue our non-profit is furthering?

• What do people interested in our issue read? Where do they go? What groups do they belong to?

• What sort of person is so likely to be interested in our groups’ issue that they will be willing to help our non-profit financially?

• What companies in my area have contributed to similar non-profit groups in the past?

• What sort of fundraising effort would be most likely to draw the people who are most likely to be interested in out group’s mandate?

• Are there government agencies or philanthropic agencies that tend to give money for causes that are similar to our group’s mandate?

What Do Donors Want To Hear From You?

• To assuage a fear• To make a contribution: • Tax deductions• A chance to win• Emotional benefit• Immortality• Products

How To Find The Best Ones for Your Non-Profit

• There are a few things that separate a good fundraising idea from a bad one:

• Cost of getting going should be what you can afford to spend

• Good use of resources and talents• You have enough people power - or can get

enough for it

Work with partness

Example

Grants Application & Proposal Creation

Grants application and proposal creation

What is a grant?


A type of financial assistance awarded to:

- Person - Organisation


What are the potential sources of funding?


- Government - Enterprise - Individual sponsorships - Foundations

Who can get a grant?


IndividualsStudentsYouth organizationsCommunity groupsRecreation clubs and organizationsLocal GovernmentNot-for-profit organizationsSchools


Where can I find out what grants are available?- Internet- Newspapers

How do I apply for a grant?Different requirements for each application. Grant guidelines Evidence that you or your organization can do what it proposes.


Grant example

Where do you want to go?

Example:

Grant example

Grant example

Grant example

Selling

SellingSell: A transaction between the seller and the

prospective buyer or buyers.

•No-pressure selling•Targeted selling

…art of persuading the consumer that buying the product or service will benefit him or her

•High-pressure selling •Persuasive selling

Different Types of Sell:

Key words for Selling• Communicating the benefits of your product or

service to the consumer• Communication avility/ Be direct• The messeage need to be easy and simple to

remember• Ask How is he/she• consumer need to be convinced that he or she

will personally experience the benefits of your service/product

“Sell a friend”

Simulation

Project Accountability

Project accountability

Conclusion1. Market Research and analisys2. Budgeting3. Fundrasing: -Work with Partness -Grants application and proposal creating4. Selling5. Project accountability6. Feedback

Feedback

Questions&

Answers

Thank you for attention

Business

Finance management