Generating Income through Trading Activity – Postponed

Due to the ongoing Covid-19 emergency, all LCVS training and events scheduled to take place before the end of April have now been postponed. We are currently exploring alternative training delivery methods. We will continue to monitor the situation and issue regular updates.

Competition and economic pressures are making grants and donations increasingly hard to come by, so it can be hugely beneficial to have an alternative funding method, with the ability to reduce your dependence on traditional streams.

Trading income has the ability to provide unrestricted funding and become a sustainable source of income that expands the way an organisation meets its social/charitable objectives. It can also provide income to supplement those activities that will never attract funding. 

What is there to learn?

Before you begin trading, trustees and key staff will need to learn new entrepreneurial skills and this could bring about a change in culture. All voluntary organisations, but particularly charities, require robust business planning and due diligence by trustees and key employees to successfully start and sustain trading activity.

Handled inexpertly, trading could negatively impact your organisation’s finances and reputation. Handled well, it provides a real opportunity to increase your income, reach and impact.

This full day course looks at:

• the benefits of trading as a charity/voluntary organisation.
• the issues to consider when trading as a charity
• how to generate trading ideas
• carrying out market research
• developing a business case
• financing the idea through development/feasibility grants and social investment

Don’t allow yourself to feel restricted to traditional income streams. Learn how trading could enable you to increase your reach.