![]() ![]() ![]() The interviews are prepared and conducted by an experienced partner. ![]() They’ll work with you to understand your campaign’s preliminary goals, prepare the study, conduct interviews with your stakeholders and key donors, and then report their findings. This approach to feasibility studies involves hiring an expert to conduct it for you from start to finish.įundraising consultants often offer specialized services specifically for feasibility studies. Let’s walk through each model and its pros and cons. You can take three general approaches to conducting a feasibility study-consultant-led, DIY-style, and advisor-guided. So while there are several feasibility study best practices that you must follow, how you put them into action is where you have some freedom of choice. This lack of understanding can be very detrimental if you later move forward with the campaign and find that the support isn’t there. A misguided or loose study that’s not rooted in concrete goals won’t be valuable if it doesn’t accurately measure stakeholders’ interests and opinions. However, it is essential to note that there are right and wrong ways to conduct a feasibility study. After all, it’s your campaign, so you can chart your path to take the approach that makes the most sense for your nonprofit. While that can be a good choice in some cases, it’s not your only option. Once it’s time to conduct the study, fundraising consultants will often make it seem that your only viable option is to hire them to complete it for you. For a quick overview of how these studies work, check out the complete Capital Campaign Toolkit guide to feasibility studies. Knowing exactly how to approach your feasibility study can be a challenge if you’ve never conducted a capital campaign before. By getting a sense of your campaign’s feasibility early, you can shape your plans accordingly to maximize results. These studies gauge the opinions of your key stakeholders, their understanding of your need for a campaign, and their interest in supporting it. What are feasibility studies?įeasibility studies are an integral part of the earliest stage of a capital campaign. They’re also time- and resource-intensive, so they require plenty of preparation (like through feasibility studies) to safeguard all of your hard work. The capital campaign model is flexible and can be adapted for organizations and goals of all shapes and sizes. Capital campaigns are major fundraising initiatives that give nonprofits the infusions of support they need to make capacity-building investments, like new construction projects and equipment purchases. ![]()
0 Comments
Leave a Reply. |