SlideShare a Scribd company logo
Turning your ideas into income
Geoff Jones
Enterprising Communities Programme Officer

 www.wcva.org.uk  0800 2888 329  help@wcva.org.uk
Turning your ideas into income

Themes for the workshop
•
•
•
•
•

Sources of income
Trading
Idea generation
Barriers to creativity
Risk
Turning your ideas into income

Sources of income
• Key fundamentals to consider-How much can you sell & for what
price?
• Understanding the difference between cost, price & value
• Pricing approaches
Turning your ideas into income

Trading
• Benefits of trading/income generation
• Mission Driven trading-value of involving stakeholders &
beneficiaries
• Harnessing support
• Assessing financial capacity
• Identifying barriers
• Organisational capacity
• What will success look like
Turning your ideas into income

Idea Generation
•
•
•
•
•

Thinking creatively
Understanding the market-Ansoff Matrix
Difference between creativity and innovation
Creating the right conditions for creativity
Barriers to creativity
Turning your ideas into income

Approaches to stimulate new ideas

•
•
•
•

Mind tiles
Word storm
Idea assessment and assessment criteria
Balance between existing ways of doing things and the need to
develop new creative perspectives
Turning your ideas into income

Risks
• Identify your risks
• Prioritise & map risks
• Manage risks
• Change management
Turning your ideas into income

Geoff Jones Enterprising Communities Officer
Wales Council for Voluntary Action
www.wcva.org.uk
geoffjones@wcva.org.uk
029 2043 1758

More Related Content

What's hot

The Money Hunt Pitch Spec
The Money Hunt Pitch SpecThe Money Hunt Pitch Spec
The Money Hunt Pitch Spec
Karen Rands
 
YURIY PRYADKO «Build the business about things that are important to you» - K...
YURIY PRYADKO «Build the business about things that are important to you» - K...YURIY PRYADKO «Build the business about things that are important to you» - K...
YURIY PRYADKO «Build the business about things that are important to you» - K...
Lviv Startup Club
 
Search Objective
Search ObjectiveSearch Objective
Search Objective
Kenneth Evans
 
Chicago Entrepreneurial Center small business presentation
Chicago Entrepreneurial Center small business presentationChicago Entrepreneurial Center small business presentation
Chicago Entrepreneurial Center small business presentation
Jeffrey R. Carter
 
Business model canvas نموذج العمل التجاري
Business model canvas  نموذج العمل التجاري Business model canvas  نموذج العمل التجاري
Business model canvas نموذج العمل التجاري
Mohamed Reda
 
SC pitch deck Linked
SC pitch deck LinkedSC pitch deck Linked
SC pitch deck LinkedAlan Costello
 
The business support model is broken
The business support model is brokenThe business support model is broken
The business support model is broken
Strategy Crowd
 
How to finance your startup
How to finance your startupHow to finance your startup
How to finance your startup
Sasha Alexandra Sternik
 
Understanding funding, an overview of Canada's funding ecosystem
Understanding funding, an overview of Canada's funding ecosystemUnderstanding funding, an overview of Canada's funding ecosystem
Understanding funding, an overview of Canada's funding ecosystem
Jason Gendreau
 
Understanding Funding
Understanding Funding Understanding Funding
Understanding Funding
Mike Lee
 
Funding your ideas
Funding your ideasFunding your ideas
Funding your ideas
GAGAN GHAI (FCA ACMA ICVS)
 
EIA2016 - Ravi Belani. VC Funding, Company Valuation & Exit Strategy
EIA2016 - Ravi Belani. VC Funding, Company Valuation & Exit StrategyEIA2016 - Ravi Belani. VC Funding, Company Valuation & Exit Strategy
EIA2016 - Ravi Belani. VC Funding, Company Valuation & Exit Strategy
European Innovation Academy
 
Forging through The Sting •Overcoming entrepreneurial adversity as only a VET...
Forging through The Sting •Overcoming entrepreneurial adversity as only a VET...Forging through The Sting •Overcoming entrepreneurial adversity as only a VET...
Forging through The Sting •Overcoming entrepreneurial adversity as only a VET...PHX Startup Week
 
08 financing s.baerhold-operations
08 financing s.baerhold-operations08 financing s.baerhold-operations
08 financing s.baerhold-operationsAngela Ferrara
 
Tumo - From Startup to Business by Haig Kayserian
Tumo - From Startup to Business by Haig KayserianTumo - From Startup to Business by Haig Kayserian
Tumo - From Startup to Business by Haig Kayserian
haigkayserian
 
How to Pitch and Get Funded
How to Pitch and Get FundedHow to Pitch and Get Funded
How to Pitch and Get Funded
Caroline Cummings
 
3 outsourcing vs. product
3 outsourcing vs. product3 outsourcing vs. product
3 outsourcing vs. product
Rick Rasmussen
 

What's hot (20)

SC pitch deck Linked
SC pitch deck LinkedSC pitch deck Linked
SC pitch deck Linked
 
The Money Hunt Pitch Spec
The Money Hunt Pitch SpecThe Money Hunt Pitch Spec
The Money Hunt Pitch Spec
 
YURIY PRYADKO «Build the business about things that are important to you» - K...
YURIY PRYADKO «Build the business about things that are important to you» - K...YURIY PRYADKO «Build the business about things that are important to you» - K...
YURIY PRYADKO «Build the business about things that are important to you» - K...
 
Search Objective
Search ObjectiveSearch Objective
Search Objective
 
Chicago Entrepreneurial Center small business presentation
Chicago Entrepreneurial Center small business presentationChicago Entrepreneurial Center small business presentation
Chicago Entrepreneurial Center small business presentation
 
Business model canvas نموذج العمل التجاري
Business model canvas  نموذج العمل التجاري Business model canvas  نموذج العمل التجاري
Business model canvas نموذج العمل التجاري
 
SC pitch deck Linked
SC pitch deck LinkedSC pitch deck Linked
SC pitch deck Linked
 
The business support model is broken
The business support model is brokenThe business support model is broken
The business support model is broken
 
How to finance your startup
How to finance your startupHow to finance your startup
How to finance your startup
 
Understanding funding, an overview of Canada's funding ecosystem
Understanding funding, an overview of Canada's funding ecosystemUnderstanding funding, an overview of Canada's funding ecosystem
Understanding funding, an overview of Canada's funding ecosystem
 
Understanding Funding
Understanding Funding Understanding Funding
Understanding Funding
 
Customer and Market Validation Overview by Jeff Drust v5
Customer and Market Validation Overview by Jeff Drust v5Customer and Market Validation Overview by Jeff Drust v5
Customer and Market Validation Overview by Jeff Drust v5
 
Funding your ideas
Funding your ideasFunding your ideas
Funding your ideas
 
angel and incubator lessons - Dave McClure.pdf
angel and incubator lessons - Dave McClure.pdfangel and incubator lessons - Dave McClure.pdf
angel and incubator lessons - Dave McClure.pdf
 
EIA2016 - Ravi Belani. VC Funding, Company Valuation & Exit Strategy
EIA2016 - Ravi Belani. VC Funding, Company Valuation & Exit StrategyEIA2016 - Ravi Belani. VC Funding, Company Valuation & Exit Strategy
EIA2016 - Ravi Belani. VC Funding, Company Valuation & Exit Strategy
 
Forging through The Sting •Overcoming entrepreneurial adversity as only a VET...
Forging through The Sting •Overcoming entrepreneurial adversity as only a VET...Forging through The Sting •Overcoming entrepreneurial adversity as only a VET...
Forging through The Sting •Overcoming entrepreneurial adversity as only a VET...
 
08 financing s.baerhold-operations
08 financing s.baerhold-operations08 financing s.baerhold-operations
08 financing s.baerhold-operations
 
Tumo - From Startup to Business by Haig Kayserian
Tumo - From Startup to Business by Haig KayserianTumo - From Startup to Business by Haig Kayserian
Tumo - From Startup to Business by Haig Kayserian
 
How to Pitch and Get Funded
How to Pitch and Get FundedHow to Pitch and Get Funded
How to Pitch and Get Funded
 
3 outsourcing vs. product
3 outsourcing vs. product3 outsourcing vs. product
3 outsourcing vs. product
 

Similar to Turning your ideas into income

8 Marketing Musts for Profitable Growth
8 Marketing Musts for Profitable Growth8 Marketing Musts for Profitable Growth
8 Marketing Musts for Profitable Growth
Katz Marketing Solutions
 
Day 4 part 2
Day 4 part 2Day 4 part 2
Day 4 part 2
elizabethp1066
 
Designing a Business Model - Business Model Canvas Class 5 2024
Designing a Business Model - Business Model Canvas  Class 5 2024Designing a Business Model - Business Model Canvas  Class 5 2024
Designing a Business Model - Business Model Canvas Class 5 2024
Alok Nikhil Jha
 
Creating an effective business plan
Creating an effective business planCreating an effective business plan
Creating an effective business plan
Saxion University, School of Entrepreneurship
 
Go-to-Market Best Practices for Startups
Go-to-Market Best Practices for StartupsGo-to-Market Best Practices for Startups
Go-to-Market Best Practices for Startups
a16z
 
Business models - Delivering value to your customers, your partners and yours...
Business models - Delivering value to your customers, your partners and yours...Business models - Delivering value to your customers, your partners and yours...
Business models - Delivering value to your customers, your partners and yours...
Startup Pirates
 
112988 633632132031191250
112988 633632132031191250112988 633632132031191250
112988 633632132031191250143mannu
 
Robert Sherry : Digital Media Sales Fundamentals 2-27-18
Robert Sherry : Digital Media Sales Fundamentals 2-27-18Robert Sherry : Digital Media Sales Fundamentals 2-27-18
Robert Sherry : Digital Media Sales Fundamentals 2-27-18
Robert Sherry
 
Marketing workshop session (2)marketing principles
Marketing workshop  session (2)marketing principlesMarketing workshop  session (2)marketing principles
Marketing workshop session (2)marketing principlesMysara Mohsen
 
Business Startup Strategy.pptx
Business Startup Strategy.pptxBusiness Startup Strategy.pptx
Business Startup Strategy.pptx
JohnHeath52
 
Hoe maak je een ondernemersplan?
Hoe maak je een ondernemersplan? Hoe maak je een ondernemersplan?
Hoe maak je een ondernemersplan?
Saxion University, School of Entrepreneurship
 
Turn B2B Leads Into Sales; Align Marketing & Sales
Turn B2B Leads Into Sales; Align Marketing & SalesTurn B2B Leads Into Sales; Align Marketing & Sales
Turn B2B Leads Into Sales; Align Marketing & Sales
NuSpark Marketing
 
Ideation, business models; and how and where to start
Ideation, business models; and how and where to startIdeation, business models; and how and where to start
Ideation, business models; and how and where to start
Saberi Marais
 
90% More Conversions With a Killer Value Proposition
90% More Conversions With a Killer Value Proposition90% More Conversions With a Killer Value Proposition
90% More Conversions With a Killer Value Proposition
Invesp
 
Chap 2,company & marketing strategy
Chap 2,company & marketing strategyChap 2,company & marketing strategy
Chap 2,company & marketing strategy
Rajesh Kumar
 
Digital Marketing Strategy.pptx
Digital Marketing Strategy.pptxDigital Marketing Strategy.pptx
Digital Marketing Strategy.pptx
Externetworks
 
Zero to 100 - Part 2: Building a Repeatable, Scalable Growth Process
Zero to 100 - Part 2: Building a Repeatable, Scalable Growth ProcessZero to 100 - Part 2: Building a Repeatable, Scalable Growth Process
Zero to 100 - Part 2: Building a Repeatable, Scalable Growth Process
David Skok
 
Helping your business market itself final
Helping your business market itself finalHelping your business market itself final
Helping your business market itself final
Leading Results, Inc
 

Similar to Turning your ideas into income (20)

8 Marketing Musts for Profitable Growth
8 Marketing Musts for Profitable Growth8 Marketing Musts for Profitable Growth
8 Marketing Musts for Profitable Growth
 
Day 4 part 2
Day 4 part 2Day 4 part 2
Day 4 part 2
 
Finance management
Finance managementFinance management
Finance management
 
Finance management
Finance managementFinance management
Finance management
 
Designing a Business Model - Business Model Canvas Class 5 2024
Designing a Business Model - Business Model Canvas  Class 5 2024Designing a Business Model - Business Model Canvas  Class 5 2024
Designing a Business Model - Business Model Canvas Class 5 2024
 
Creating an effective business plan
Creating an effective business planCreating an effective business plan
Creating an effective business plan
 
Go-to-Market Best Practices for Startups
Go-to-Market Best Practices for StartupsGo-to-Market Best Practices for Startups
Go-to-Market Best Practices for Startups
 
Business models - Delivering value to your customers, your partners and yours...
Business models - Delivering value to your customers, your partners and yours...Business models - Delivering value to your customers, your partners and yours...
Business models - Delivering value to your customers, your partners and yours...
 
112988 633632132031191250
112988 633632132031191250112988 633632132031191250
112988 633632132031191250
 
Robert Sherry : Digital Media Sales Fundamentals 2-27-18
Robert Sherry : Digital Media Sales Fundamentals 2-27-18Robert Sherry : Digital Media Sales Fundamentals 2-27-18
Robert Sherry : Digital Media Sales Fundamentals 2-27-18
 
Marketing workshop session (2)marketing principles
Marketing workshop  session (2)marketing principlesMarketing workshop  session (2)marketing principles
Marketing workshop session (2)marketing principles
 
Business Startup Strategy.pptx
Business Startup Strategy.pptxBusiness Startup Strategy.pptx
Business Startup Strategy.pptx
 
Hoe maak je een ondernemersplan?
Hoe maak je een ondernemersplan? Hoe maak je een ondernemersplan?
Hoe maak je een ondernemersplan?
 
Turn B2B Leads Into Sales; Align Marketing & Sales
Turn B2B Leads Into Sales; Align Marketing & SalesTurn B2B Leads Into Sales; Align Marketing & Sales
Turn B2B Leads Into Sales; Align Marketing & Sales
 
Ideation, business models; and how and where to start
Ideation, business models; and how and where to startIdeation, business models; and how and where to start
Ideation, business models; and how and where to start
 
90% More Conversions With a Killer Value Proposition
90% More Conversions With a Killer Value Proposition90% More Conversions With a Killer Value Proposition
90% More Conversions With a Killer Value Proposition
 
Chap 2,company & marketing strategy
Chap 2,company & marketing strategyChap 2,company & marketing strategy
Chap 2,company & marketing strategy
 
Digital Marketing Strategy.pptx
Digital Marketing Strategy.pptxDigital Marketing Strategy.pptx
Digital Marketing Strategy.pptx
 
Zero to 100 - Part 2: Building a Repeatable, Scalable Growth Process
Zero to 100 - Part 2: Building a Repeatable, Scalable Growth ProcessZero to 100 - Part 2: Building a Repeatable, Scalable Growth Process
Zero to 100 - Part 2: Building a Repeatable, Scalable Growth Process
 
Helping your business market itself final
Helping your business market itself finalHelping your business market itself final
Helping your business market itself final
 

More from walescva

Becky and steven
Becky and stevenBecky and steven
Becky and steven
walescva
 
Nia and sally
Nia and sallyNia and sally
Nia and sally
walescva
 
Volconf vot y slides
Volconf vot y slidesVolconf vot y slides
Volconf vot y slides
walescva
 
Tim davies
Tim daviesTim davies
Tim davies
walescva
 
Owen and clare
Owen and clareOwen and clare
Owen and clare
walescva
 
The Scottish experience of tackling poverty
The Scottish experience of tackling povertyThe Scottish experience of tackling poverty
The Scottish experience of tackling poverty
walescva
 
European Social Fund Programmes
European Social Fund ProgrammesEuropean Social Fund Programmes
European Social Fund Programmes
walescva
 
Tackling Poverty Action Plan
Tackling Poverty Action PlanTackling Poverty Action Plan
Tackling Poverty Action Plan
walescva
 
Tackling Child Poverty in Wales
Tackling Child Poverty in WalesTackling Child Poverty in Wales
Tackling Child Poverty in Wales
walescva
 
Tackling Poverty Action Plan
Tackling Poverty Action PlanTackling Poverty Action Plan
Tackling Poverty Action Plan
walescva
 
Legal update and Q&A for advisors
Legal update and Q&A for advisorsLegal update and Q&A for advisors
Legal update and Q&A for advisors
walescva
 
Co-location and shared services
Co-location and shared servicesCo-location and shared services
Co-location and shared services
walescva
 
The Lobbying Act
The Lobbying ActThe Lobbying Act
The Lobbying Act
walescva
 
Impact reporting for continued success
Impact reporting for continued successImpact reporting for continued success
Impact reporting for continued success
walescva
 
Trustees avoiding liability
Trustees avoiding liabilityTrustees avoiding liability
Trustees avoiding liability
walescva
 
Impact reporting for continued success
Impact reporting for continued successImpact reporting for continued success
Impact reporting for continued success
walescva
 
Board members and senior staff working together
Board members and senior staff working togetherBoard members and senior staff working together
Board members and senior staff working together
walescva
 
VAT considerations for community asset transfers
VAT considerations for community asset transfersVAT considerations for community asset transfers
VAT considerations for community asset transfers
walescva
 
What every trustee needs to know
What every trustee needs to know  What every trustee needs to know
What every trustee needs to know
walescva
 
Public law and the third sector
Public law and the third sectorPublic law and the third sector
Public law and the third sector
walescva
 

More from walescva (20)

Becky and steven
Becky and stevenBecky and steven
Becky and steven
 
Nia and sally
Nia and sallyNia and sally
Nia and sally
 
Volconf vot y slides
Volconf vot y slidesVolconf vot y slides
Volconf vot y slides
 
Tim davies
Tim daviesTim davies
Tim davies
 
Owen and clare
Owen and clareOwen and clare
Owen and clare
 
The Scottish experience of tackling poverty
The Scottish experience of tackling povertyThe Scottish experience of tackling poverty
The Scottish experience of tackling poverty
 
European Social Fund Programmes
European Social Fund ProgrammesEuropean Social Fund Programmes
European Social Fund Programmes
 
Tackling Poverty Action Plan
Tackling Poverty Action PlanTackling Poverty Action Plan
Tackling Poverty Action Plan
 
Tackling Child Poverty in Wales
Tackling Child Poverty in WalesTackling Child Poverty in Wales
Tackling Child Poverty in Wales
 
Tackling Poverty Action Plan
Tackling Poverty Action PlanTackling Poverty Action Plan
Tackling Poverty Action Plan
 
Legal update and Q&A for advisors
Legal update and Q&A for advisorsLegal update and Q&A for advisors
Legal update and Q&A for advisors
 
Co-location and shared services
Co-location and shared servicesCo-location and shared services
Co-location and shared services
 
The Lobbying Act
The Lobbying ActThe Lobbying Act
The Lobbying Act
 
Impact reporting for continued success
Impact reporting for continued successImpact reporting for continued success
Impact reporting for continued success
 
Trustees avoiding liability
Trustees avoiding liabilityTrustees avoiding liability
Trustees avoiding liability
 
Impact reporting for continued success
Impact reporting for continued successImpact reporting for continued success
Impact reporting for continued success
 
Board members and senior staff working together
Board members and senior staff working togetherBoard members and senior staff working together
Board members and senior staff working together
 
VAT considerations for community asset transfers
VAT considerations for community asset transfersVAT considerations for community asset transfers
VAT considerations for community asset transfers
 
What every trustee needs to know
What every trustee needs to know  What every trustee needs to know
What every trustee needs to know
 
Public law and the third sector
Public law and the third sectorPublic law and the third sector
Public law and the third sector
 

Recently uploaded

USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
marketing367770
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
DOT TECH
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
DOT TECH
 
APP I Lecture Notes to students 0f 4the year
APP I  Lecture Notes  to students 0f 4the yearAPP I  Lecture Notes  to students 0f 4the year
APP I Lecture Notes to students 0f 4the year
telilaalilemlem
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
DOT TECH
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
Antonis Zairis
 
How to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docxHow to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docx
Buy bitget
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
pchutichetpong
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
VishnuVenugopal84
 
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
beulahfernandes8
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
DOT TECH
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
DOT TECH
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
GeM ppt in railway for presentation on gem
GeM ppt in railway  for presentation on gemGeM ppt in railway  for presentation on gem
GeM ppt in railway for presentation on gem
CwierAsn
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
ydubwyt
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
DOT TECH
 
234Presentation on Indian Debt Market.ppt
234Presentation on Indian Debt Market.ppt234Presentation on Indian Debt Market.ppt
234Presentation on Indian Debt Market.ppt
PravinPatil144525
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
DOT TECH
 
where can I find a legit pi merchant online
where can I find a legit pi merchant onlinewhere can I find a legit pi merchant online
where can I find a legit pi merchant online
DOT TECH
 

Recently uploaded (20)

USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
 
APP I Lecture Notes to students 0f 4the year
APP I  Lecture Notes  to students 0f 4the yearAPP I  Lecture Notes  to students 0f 4the year
APP I Lecture Notes to students 0f 4the year
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
 
How to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docxHow to get verified on Coinbase Account?_.docx
How to get verified on Coinbase Account?_.docx
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
 
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
GeM ppt in railway for presentation on gem
GeM ppt in railway  for presentation on gemGeM ppt in railway  for presentation on gem
GeM ppt in railway for presentation on gem
 
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
一比一原版BCU毕业证伯明翰城市大学毕业证成绩单如何办理
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
 
234Presentation on Indian Debt Market.ppt
234Presentation on Indian Debt Market.ppt234Presentation on Indian Debt Market.ppt
234Presentation on Indian Debt Market.ppt
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
 
where can I find a legit pi merchant online
where can I find a legit pi merchant onlinewhere can I find a legit pi merchant online
where can I find a legit pi merchant online
 

Turning your ideas into income

  • 1. Turning your ideas into income Geoff Jones Enterprising Communities Programme Officer  www.wcva.org.uk  0800 2888 329  help@wcva.org.uk
  • 2. Turning your ideas into income Themes for the workshop • • • • • Sources of income Trading Idea generation Barriers to creativity Risk
  • 3. Turning your ideas into income Sources of income • Key fundamentals to consider-How much can you sell & for what price? • Understanding the difference between cost, price & value • Pricing approaches
  • 4. Turning your ideas into income Trading • Benefits of trading/income generation • Mission Driven trading-value of involving stakeholders & beneficiaries • Harnessing support • Assessing financial capacity • Identifying barriers • Organisational capacity • What will success look like
  • 5. Turning your ideas into income Idea Generation • • • • • Thinking creatively Understanding the market-Ansoff Matrix Difference between creativity and innovation Creating the right conditions for creativity Barriers to creativity
  • 6. Turning your ideas into income Approaches to stimulate new ideas • • • • Mind tiles Word storm Idea assessment and assessment criteria Balance between existing ways of doing things and the need to develop new creative perspectives
  • 7. Turning your ideas into income Risks • Identify your risks • Prioritise & map risks • Manage risks • Change management
  • 8. Turning your ideas into income Geoff Jones Enterprising Communities Officer Wales Council for Voluntary Action www.wcva.org.uk geoffjones@wcva.org.uk 029 2043 1758

Editor's Notes

  1. Pricing approaches: Mark up or cost plus pricingGoing rate pricingMarket orientated pricingPerceived value Psychological element of pricing: i.e. people assume low price= low value or that high price signifies quality.
  2. Mission driven trading-value of involving stakeholders and beneficiariesIdentification of key stakeholders-Board members (can be risk adverse).Staff (are they threatened by change)?End beneficiaries-how will they react to paying feesFunders-will trading and income generation be seen in a positive lightSME competitors-wary of third sector organisations operating in their competitive space.Harnessing support: make your case/share information with staff & involve in the planning process. Establish method for arriving at consensus. Use a variety of communication methods.Assessing financial capacity: How financially ready is your organisation? Trading requires financial stability often an organisation needs to commit financial reserves & realise it may take time to realise benefits of income generation.Identifying barriers: Has income exceeded expenditure and do assets exceed liabilities over a number of years? If yes organisations should have financial capacity to trade.Case study for Birmingham settlement: Value of robust financial systems to organisational stability. Only looking at things from a project based perspective not at the organisation as a whole. Re-focus/diversification of funding to reduce dependence and increase innovation.Organisational capacity: skills, experience capabilities & organisational culture. Need for developing successful trading activities requires a certain amount of creativity and entrepreneurship. Need to deal with negative assumptions around profit. Characteristics of an entrepreneurial culture.Staff capacity-skills inventory and then identifying the gaps through “gap analysis”.