When we move to a new space, we are going to really be stretching our wallets. We need to have an action plan to ensure we are doing everything we can to increase our income to afford the new space.
Here is a list of possible income sources. Check this budget page to see how this might work.
We need to find ways to increase our income in those areas.
Up until December 2013, membership dues have been pretty much our only source of income. What do we need to do to increase our membership dues income? What are some ideas?
There has Kassie built been talk of building a class/conference/presentation room of contract for instructors sorts. We can use this to hold internal classes, or rent out time classes at EMS. With a dedicated classroom space, this becomes a very viable option. She Notes that we will need the ability to outside prepay groups to use EMS as their location for their meetups and events. keep track of students.
Kassie Noted that we will need the ability to prepay and keep track of students. How do we take money, Set prices and have discounts? Having good accounting and inventory is central to all our revenue streams. Need shopping cart for classes and the ability to refund or partially refund payments. Need to see a list of registered students.
There has been talk of building a class/conference/presentation room of sorts. We can use this to hold internal classes, or rent out time to outside groups to use EMS as their location for their meetups and events. Most of the same resources are needed for this as are needed for classes.
Maybe we can rent out an office to a single EMS member to work out of. Or maybe we can rent one office to several members with multiple desks as a co-working space.
Kassie built a contract for instructors to hold classes at EMS. With a dedicated classroom space, this becomes a very viable option. She Notes that we will need the ability to prepay and keep track of students.
Bob's recent storage proposal is a good start on this. We occasionally have larger projects that take up a lot of room at EMS. Even with a larger space we will need to ensure things don't get out of hand and the space stays tidy. Charging rent for larger projects could be a good way to make a little extra income.
How can we get more people to donate more money? Can we volunteer more time with other groups, kids, etc? We need something at the shop right at the entrance that says DONATE HERE! How do we make people feel like they really want to donate?
There is a lot of government money out there up for grabs.
Our utilities are probably our most variable expense. If we rent just one office that may increase the utilities enough to nullify the income from that office if no one else is there during the week days. So we should try to be generating offsetting income while the "lights are on".
-- RickO - 27 Nov 2013
-- ClifCox - 20 Dec 2013