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World YWCA GUIDE TO STARTING A YWCA

World YWCA GUIDE TO STARTING A YWCA

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INCOME-GENERATING PROJECTS<br />

To have the best chance of success, before starting an income-generating project, a <strong>YWCA</strong> group must<br />

study its feasibility. Elements to discuss:<br />

1. DEMAND (AND COMPETITION)<br />

• Who do you think will buy your product or service?<br />

• How much will they want to buy and how much will they be willing to pay?<br />

• Who else provides this product or service?<br />

2. INVESTMENT<br />

• What will you need to start this project?<br />

• Consider equipment, materials, money and labour.<br />

• If you need to attract resources, where will you look?<br />

3. PRODUCT<br />

• What quantity do you expect to produce?<br />

• How will you assure good quality?<br />

4. MARKETING<br />

• Where will you sell your product?<br />

• What are the costs and mechanisms of transport?<br />

• How will you let people know the <strong>YWCA</strong> is selling this product?<br />

5. PROFIT<br />

• How much do you expect to earn, and how soon?<br />

• Will all of the profits go to the <strong>YWCA</strong> group, or will the individual members who help produce<br />

receive a share?<br />

• How much profit should be reserved for reinvestment or expansion of the project? And for longterm<br />

repairs and maintenance?<br />

6. EVALUATION<br />

• What process will you establish for ongoing study of expenses, production, returns?<br />

• Have the original goals been met?<br />

• Should the project continue?<br />

With experience, most projects require some changes or adjustments to keep them successful. Careful<br />

accounting and regular evaluation are essential.<br />

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