Increasing the Capacity of Individuals, Families and Communities

Revenue Sources

Building Multiple Revenue Sources Overview | Step 1 Assess Your Goals and Financial Resource Capacity

The ACHIEVE Process: 7 Steps to More Revenue

The 7-step process is a guide to save you time and cover the steps necessary to complete your evaluation in the right sequence. This practical sequence of steps will help you evaluate your alternatives before making a financial resource choice. A checklist at the end of each step helps you move to the next step efficiently.

It’s best to undergo this process with your board and staff leadership, informing them of the steps and the work products associated with completing each step. A typical time frame from start to finish may take 30 days and in most cases does not require a consultant’s help. A paid professional consultant may be required when the revenue source you decide to add requires knowledge or expertise you don’t have and can’t hire or find through an experienced volunteer.

You can remember the 7-step process by the acronym ACHIEVE:

Assess your goals and financial resource capacity

Clarify your income strategy

Homework on Federal cost sharing regulations

Identify and select an appropriate revenue source

Execute your revenue resource plan

Verify your results and make modifications

Educate other organizations on how to grow their revenue sources

Building Multiple Revenue Sources Overview | Step 1 Assess Your Goals and Financial Resource Capacity