Raising revenue

CUAFIM401 Obtain revenue to support operations

Practical

You will be assessed in the workplace as a safe environment. You must demonstrate consistent performance of typical activities in creative arts industry environments. You will need access to materials, resources and equipment needed to research funding and revenue opportunities.

You need to show that you have:

  1. Developed and documented a plan that outlines strategies to raise revenue for a given organisation or practice
  2. Researched revenue-raising opportunities relevant to the organisation or practice
  3. Coordinated the development of a funding proposal
  4. Monitored and reviewed revenue-raising strategies.

 

Interview/assignment questions

  1. Describe sources of information about potential funding
  2. What are the typical avenues for raising revenue in your industry context? Explain their typical objectives and expectations.
  3. Outline at least five methods used by creative arts practitioners and organisations to generate revenue. What factors that might affect the suitability each one?
  4. What are the emerging trends and different models for revenue-raising activities?
    1. Which are most applicable to your organization?
    2. What factors that might affect the suitability each one?
  5. What are the main issues and challenges that typically arise in revenue raising activities? How can you resond most effectively to each one?
  6. What are the the key obligations generally associated with funding agreements? Explain them. In your answer, include:
    1. legal requirements to supply services as contracted and ramifications of failure to comply
    2. audit of expenditure
    3. reporting requirements.