1. Copyright © 2014 by The University of Kansas Developing a Plan for Financial Sustainability

2. Copyright © 2014 by The University of Kansas Plan for financial sustainability: A tool used to help the organization and its goals thrive over the long term

3. Copyright © 2014 by The University of Kansas Why plan for financial sustainability? Financial security An increased focus on your real work Becoming more competitive in your field Easier transitions Following guidelines

4. Copyright © 2014 by The University of Kansas The planning process: Choose developers Announce your work Determine and compare the amount of money you have, need and want Set objectives Consider your possibilities Choose among possibilities

5. Copyright © 2014 by The University of Kansas The planning process: (cont.) Develop your strategy Develop a timeline Draft your plan Incorporate feedback Implement your plan Monitor and evaluate