A funding strategy is a plan of action used by an organization or business to identify and secure sources of funding. It is created to ensure that the organization or business is able to successfully meet its goals and objectives. A funding strategy should include clear goals, objectives, and measurable targets (Key Performance Indicators or KPIs) to track progress made towards achieving the desired outcomes. It should also specify the necessary projects, initiatives, and action items needed to reach the objectives.
This Funding Strategy template is designed for business leaders and teams who are looking for a comprehensive and organized approach to identify and secure funding sources. This template is perfect for those who need a simple, step-by-step guide to create an effective funding strategy.
For each focus area, it's important to identify and define the primary goal, as well as any secondary goals that may be relevant. This will help to ensure that your funding strategy is tailored to meet your organization's specific needs, objectives, and goals. Some examples of focus areas may include identifying funding sources, preparing funding applications, or engaging with communities.
Objectives are the goals that you will need to complete in order to achieve the focus area. For example, an objective for the focus area of identifying funding sources may be to research potential funding sources or to network with potential investors. An objective for the focus area of preparing funding applications may be to develop a funding application.
KPIs (or Key Performance Indicators) are the measurable targets set in order to track progress made towards achieving the objectives. For example, if the objective is to research potential funding sources, a KPI may be to identify 20 potential funding sources. If the objective is to develop a funding application, a KPI may be to submit 10 completed applications.
Projects are the initiatives, and activities that will help to achieve the KPIs for each objective. For example, if the objective is to research potential funding sources, a project may be to create a list of potential funding sources. If the objective is to develop a funding application, a project may be to complete the application documents.
Cascade Strategy Execution Platform is an easy-to-use tool that helps business leaders and teams create, plan, and execute on strategies to achieve their desired outcomes. With Cascade, you can quickly and easily develop strategies, track objectives, assign tasks, and monitor progress. With Cascade's real-time monitoring, you can quickly and easily see the results of your strategy.