Fiscal First Aid
Scenario: An organization has significant and chronic revenue short-falls which are putting the organization’s survival at risk.
CP Solution: Revenue Stimulation, Diversification & Business Development
When you’ve cut costs to the bone and you still can’t meet your minimum budget, there’s nowhere to go but up. Building new revenues and product lines are creative processes that require a little something extra. From research, to extrapolation of capacities, to building natural extensions of current business lines, CenterPoint processes get things moving quickly—and we do it by solidifying and energizing existing resources. Chances are, you may already have the talent in-house to make it happen. You just need the inspiration and the tools.
The revenue diversification consulting process starts by getting the staff to think outside the box and start thinking about what’s possible, and then going out into broader market places to find out what opportunities are there. Next, we try to match those opportunities with a newly expanded service capacity line that has been co-created by the key staff that deliver the service and manage them. Not only does this create potential new avenues for bringing in revenue and getting foundation and government support for mission activity, but it excites the staff and creates a positive momentum in the organization.