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Why can't LFY introduce a sustainable revenue stream in the next [3]…
Why can't LFY introduce a sustainable revenue stream in the next [3] months?
Limited operational resources
Financial constraints :star: :check:
No current, sustainable revenue streams :red_flag: :black_flag: :!!:
Only one-off US$1000 from Hackathon win
No monetizable service
Cater towards low socio-economic individuals
No 'recognised' Sponsors, partners, or investors :!:
Unproductive donations campaign :!:
Overreliant on Founders funding/equity
Lack of budget
Don't know where to allocate revenue/funds
Lack of financial literacy
Human Resource limitations
Two co-founders are time poor
Limited experience levels of founders
Unclear about need for new staff
Underdeveloped business model & structure
Transitioning to become an NGO/Charity/NFP
No long-term strategy in place
External environmental constraints
COVID
Political corruption
Beirut Explosion
Social Stigma surrounding mental health
Economic crisis in Lebanon
Syrian Refugee crisis
Low brand awareness
:check:
Limited marketing initiatives :red_flag:
Limited online presence :!:
Lack of a social media campaign and consistent audience engagement
Reliant on word-of-mouth marketing
Limited capital allocation for marketing activities
Underdeveloped and basic website :star:
Only available in Arabic
Unclear UVP/Org. Mission :
Vague description of services available
Broken links, the social media icons are irresponsive
No clear marketing strategy/plan in place
No dedicated marketing/digital media manager
Founders lack marketing experience/education
Only been operating for <12 months
No physical location of operations/office
Purely an online enterprise/service
Prioritised Issues
Unproductive donations campaign
Limited online presence
No recognised Sponsors, partners, or investors