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Funding

DD

Hi All
this is the start of the funding discussion.

What do we need? (we’ll use what we can raise - but we are not for profit)

How can we raise?

more donations and sponsors will not generate themselves
Partner Outreach - well - we need a partner proposition
Merch is in progress I think - well, we’re exploring
How about an event - depends on how we get on with commercial / non commercial partners in outreach I guess.

Food for discussion - please have a read and comment - and we can catch up on this ASAP.

https://cms413.sharepoint.com/:w:/r/sites/CoreP3MDataClub/Shared%20Documents/Funding/Funding%20TOR.docx?d=wdd36d2bc4f66495faa68c0bb61e76b07&csf=1&web=1&e=NH0LoX

Are there more ideas to think about?

DD

I had a little more time to polish the document and summarise.

The document outlines the Terms of Reference – Funding and the Current Status / Issues of the Business Integrated Governance (BIG) Community Interest Company (CIC). It emphasizes the importance of engaging key stakeholders across various domains to recognize the value of the BIG concept and the BIG Body of Knowledge (BoK) in both specific domains and broader corporate efforts.

The document highlights the need for the BIG CIC to establish a strong presence and secure funding to support key initiatives such as BoK development and website expansion, as well as ongoing operational costs like hosting and maintenance2. It also discusses the phased approach for the CIC’s development, including creating and promoting the BoK asset (NOW), establishing a small operational structure for the CIC (NEXT), and developing the CIC into a self-sustaining entity (LATER).

Key questions moving forward include identifying the next funding objectives for the NEXT phase, exploring funding options, developing propositions for donors, sponsors, and partners, and addressing dependencies, risks, and assumptions.

The document stresses the critical moment for the BIG CIC to generate enough interest to grow into a sustainable entity.

The funding objectives include core running costs of approximately £9500 per annum, which could be delivered through various donation and sponsorship strategies.

The document also outlines the current funding strategy, focusing on donations from CIC members and sponsorships from potential future partners. (this is not £9500 per annum)

To expand funding while ensuring the BIG BoK remains freely available, several potential revenue streams are explored, including paid publications, basic merchandise, partner involvement for revenue generation, and a paid conference.

The document also discusses the role of partners in generating revenue and the benefits for the BIG CIC in reaching out to partners.

Licensing agreements are proposed to address concerns among consultants and trainers regarding the ownership and development of proprietary intellectual property.

The document outlines the next steps for identifying potential partners, setting up meetings to discuss alignment with BIG, defining mutual value exchanges, conducting pilot activities, reviewing and establishing revenue-sharing mechanisms, and determining the level of ongoing CIC support needed.

Finally, the document discusses the potential for hosting an inaugural conference event to build interest in BIG and the BoK, attract members and potential partners, and showcase partner services alongside the BIG framework.

If we can nail these principles down - we can engage partners formally.

simon

[edit: I see we had post cross inthe either.
Yr “I polished…” wasn’t there when I was composing. I’ll review 🙂
The qns still remain I think
]

This is doc has three timeframes “Now, next, later” where I THINK “Now” was some time ago?

I asked this qn on the last doc & I assume it will be the same answer for both (Is this new document actually cut and pasted from the other one or just an overlap -i’m thinking the calculation of the 9500£ etc because it’s in both?
Maybe a tweak to add when “now” was and that next is still next? Or is the new now?

I’ve suggested that we c-sh-ould be selling exams. That we could give a bunch away to create momentum. This seems to give benefits in several directions as well as raise revenue.
It could be a good offer to potential partners?

I’ve also previously suggested that the BoK is too “expensive” being behind a give_us_your_email a common ploy from folk being less honest than us. It was also pointed out to me that having to reassemble it to have 1 pdf (something I did do) was less than ‘friendly’.
Do we have a plain text copy that we could PDF with consistent formatting?

I think I’ve said make the BoK cheaper and make the templates and other assets a small cost because the opportunity cost to folk who want to do better governance is to create them all themselves with staff time that has a real bottom line cost

I’m not clear on any of the outreach activity.
Ive tried to say “I’m up for doing some, maybe we should coordinate” I think you said “I’ll update documents”, I asked recently on here if the ones newly published a week or less ago were that action?
Don’t recall having a “right let’s take actions now” conclusion - so are you ok with folk taking unilateral action or is there a sub-group?
If so who?
I proposed on here writing to all to say unused logins will be deleted in x-days. That’s because the subgroups that we agreed some weeks ago don’t seem to be discussing. If they are I’m out of the loop and so is this forum.

I am prepared to do stuff. Just unsure if doing it without CoOrd’ is ok & not seeing where the CoOrd’ is otherwise

Haven’t seen a “ya” or “nay” - I think we ought to establish if taking unilateral action is ok and if we want coordinated action a few (at least 1 other?) folk need to chip-in

3¢

DD

Hi simon

NOW – Create and promote the BoK asset - DONE

Yep - we absolutely c-sh-ould be selling exams. Have updated doc.
I think that topic needs to come out of here onto another thread

WRT partners - we ned to follow on to create a specific proposition to partners. All I have in the doc is high level stuff so far. This could include a / several free exams.
I think that topic needs to come out of here onto another thread

WRT availability of the BoK - I dont know if it is or is not too expensive (email) to get the BoK. Perhaps the prise is too small - and having no price makes the content seem value less? Others have previously suggested

what is available free is too much and should be cut right down so that if people want anything the price is an email
we should put a whole version of the BoK onto Amazon and ask a small fee for that
that we need to more extensively promote the BoK and driver more desire to access it which means the email price is seen as trivial
I think that paragraph needs to come out of here onto another thread

At the moment - the BoK is in Adobe InDesign format as that was the format the designers used to create it, and PDF prints from that.
I think that topic needs to come out of here onto another thread for when we want to do more edits.

With respect to making templates and other assets a small cost - I think those are the ways partners will generate revenue - so I think there is a limit to the goodwill in that direction people will want to share. This has been discussed as a Premium membership or something.

WRT Outreach activity - there currently is none as it has not been kicked off
There is outreach to professional bodies - which I’ve shared a list of possible entities to outreach to - but no one has put their hand up to take relationships as yet.
There is outreach to Partners - this has not been kicked off yet and no one has put their hand up to develop relationships as yet.

WRT Coordination - It feels like I have to push and drive everything at the moment - and in recent weeks I’ve had limited bandwidth to do that (this is changing) - and is on another thread - an no we haven’t agreed actions which we should do.

Unilateral action is fine - some have started doing (Merch has started, dont know status, Marjana has updated teh YouTube….etc.).

TBH - I’ve given the forum chance to spring into life - I think it needs more shove. At the moment - I’m finding it is generatng an overwhelming number of threads I can’t keep up with!

simon

DD
Zoom this afternoon to agree actions?

DD

simon
https://us06web.zoom.us/j/2094209221?pwd=clpMQnBUOTVmTThaV2NjeE9sMklTQT09
How is 3?

Here is the roadmap

I think we need to nail this else we’ll get into the nitty gritty and get distracted by it.

Brainstorm Messaging - this is bogged down. I’ve tried to systematically work through what we have and polish it, but this is too slow and isn’t engaging people via this portal.
We need to focus on

Purpose of BIG
Need fulfilled
Position in market etc
BIG CIC for the public, members, partners and professional bodies
Various aspect perspectives, not just BIG
BIG for stakeholder groups - this is the whats in it for them messaging for partners. I had a meeting with one on Weds

Ideation on revenue streams - started - but there are several threads.

BIG Merch - not sure where this is

This stuff is prep for the outreach?

Readiness Model 2 - not started
Core Presentation Update - not started
V1 Partner Revenue - not started - dependent on revenue streams ideas
Exam Update

I’ve started to put feelers out for who will help with teh partner outreach and professional body outreach.

simon

DD
1500 is good
Yr zoom id is noted

An aid memoir for myself as much as anything on the points you’ve raised above is…

I’m familiar w/ road map & agree it as fine

I dont actually understand why you say nobody’s put their hand up. I’ve said multiple times I’m sticking my hand up to: set up exams, set up the forum, do partner out reach, do member outreach, organisation outreach - so let’s explicitly agree on that and any coordination required in taking action.

I’ve made proposal on getting the forum usage up. I do think one of those elements needs explicit recognition before I take action!

I’d also like to explore your comment about too much forum activity for you to keep track of AND the nobody’s using it AND the above saying on multiple topics “ this needs to be a new thread” - I agree; let’s start with the threads

The refinement of “Whats the purpose” etc bullet points I’m happy to leave to somebody else because I think we’ve got something that is the 80% case already.

Something unequivocal on partner What’s in It For Me is overdue IMHO - and will be (at least for me) v. beneficial use of our time at 3:00

🙂



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