Download Watchfire’s scoreboard budget worksheet to help estimate potential advertising revenue. (Invite your Entrepreneur class to help develop these new opportunities.)Ĭontinue the budget brainstorming. The impact of a video on your Watchfire scoreboard, instead of a static logo, can demand a sponsorship level three of four times higher than what you have now. Ask a local business owner to record a video message to the team. Instead of raising sponsorship prices, create new experiences at a higher price point. Estimate annual income from advertising sales, donations, gate receipts, booster giving and fundraising. INCOME: Athletic programs need revenue opportunities.
Are there shortfalls? Ask for commitments, like multi-year advertising commitments from sponsors.Title IX does not require mirror image programs, but make sure your planning benefits everyone. Department of Education Grants Other State Income School Generated. Divide expenses by team and by gender. Begin with revenue determine total resources available and identify all revenue sources.Did the district increase transportation costs or is there a new purchasing policy? Once you have complied expenses, analyze the numbers. Find a Template or Make a Spreadsheet There are many free or paid budget templates online these days, so you can either use one of those to start, or make a simple spreadsheet with custom rows and columns based on your business. envelope system, excel spreadsheet, paper budget), create a budget. Here are the basic steps to creating a business budget. A shared mission provides justification for purchases and grows support.ĮXPENSES: Estimate major expenses like transportation, uniforms, equipment, officials, security and awards. A budget is a planning tool to help you determine how you will spend your money. Share your vision with everyone: coaches, student-athletics, faculty, school board and the community. YOUR VISION: How do you envision your program this year, in five years, in ten years? A successful budget will reflect your institution’s long- and short-term goals.
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