Raising money for your business or for a good cause is difficult, especially during tough financial times.
The most important thing to stress to a potential donor is that you will be especially careful with their money, says John Mutz, co-author of “Fundraising for Dummies.” That may mean letting them get the check for a meal.
“If they offer to pay, let them,” says Mutz. “Just remember to let them know that every dollar you don’t extend will go to the cause that you support.”
Mutz offers these tips for fundraising in a difficult economy:
Make sure all board members for the nonprofit organization have made contributions themselves.
Know that you have clearly stated what the mission is and what the money will be used for.
Define who will benefit from the work that your organization does.
Associated Press
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