*New federation Board mandates the
Profit-Making Venture Committee to explore the possibility of developing an
independent revenue base from the sale of products or services. The final
product or service line should find a match with women's values.
* The
primary objective of any profit-making venture developed by women's groups
should be the generation of net revenue. |
*Secure funding for research and
development
*Contract market research
* Review profitability of
products, services, franchising
*Prepare 5 year plan for product/service
production, marketing, conservative sales and cost estimates, projection of net
profit/loss, resourcing and infrastructure
*Present to member groups
|
*Committee on Profit-Making Venture
*
Contracted experts and consultants |
*Estimate of $ 70,000 - $ 100,000 in
addition to federation's current operating budget |
*Start up in April 1996 with funding
applications
* Balance of work to be initiated between April 1996 - March
1997
* Presentation of options to member groups may depend on amount of
time required to develop concepts of products or services
* May 1997 could
be targeted as a first reporting date |
*Women's groups will have examples of
potential product /service for review; women's groups will understand the
potential consumer markets for product /service
* Women's groups will have
a basic understanding of risks and benefits involved, a conservative estimate
of when net profit will be available for distribution
* Federation Board
decision will be made to go ahead, terminate or continue with profit-making
venture |
