Identifying and assessing the right income streams for you

To be sustainable, income needs to be:

• Stable – it’s important to have a mixture of income streams so that if one diminishes it doesn’t threaten your organisation’s overall viability. Being able to predict with confidence your future resource levels also enables longer-term planning. 
• Suitable – there are a wide range of funding and finance options which are appropriate for different situations. Understanding what each can offer, and ensuring there is a good match between your objectives and the type of funding or financing you are seeking, is essential. 
• Sufficient – there’s never enough money, but understanding your costs properly allows you to make informed decisions about accepting contracts or undertaking project work. This is critical for effective planning and growth.