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how can IE secure a sustainable source of income, IE should introduce a…
how can IE secure a sustainable source of income
how to improve external sources of revenue
how to increase existing donations
how to source for new donors
how to improve internal sources of revenue
how to refine branding
how to improve pricing of the building's lease
IE should introduce a membership program for the use of space to increase revenue
there is demand for the membership programme
there is demand for our space
review current retailers' duration of leases
review occupancy rates
review rates of returning and new occupants
what are our existing rental rates/fees
people demand competitor's spaces over ours
what are our competitors' rental rates/fees
review current retailers' duration of leases for our competitors
what are our competitor's comparative advantage?
review occupancy rates for our competitors
review rates of returning and new occupants for our competitors
retailers have the capability to take on memberships
retailers' profits
there is sufficient supply of membership programmes (minor assumption)
there is sufficient space
membership programmes generate greater revenue compared to regular leasing
memberships programme rates
regular leasing rates
how can IE secure a sustainable source of revenue
how can IE increase existing sources of revenue
government grants
educational institutions
general public
corporations
new sources
why is IE currently financially unsustainable
insufficient revenues
external sources
corporate donations
government funding
internal sources
revenue from leasing of retail spaces
revenue from existing programmes with educational institutions
high costs
fixed costs (e.g. rent, overheads, etc)
variable costs (e.g. labour)
How can IE become financially sustainable?
how to reduce costs
how to reduce human cost
increase staff efficiency
reduce staff's salary
reduce staff's working hours
reduce no. of workers
how to reduce logistical cost
find cheaper alternatives for event logistics
reduce logistics purchase amount to sufficiency
reduce inventory holding cost
how to reduce operational cost
review building operational processes (e.g. energy saving measures)
how to increase revenue/funding
how to increase public sources of funding
how to increase government funding
improve application proposal by emphasising IE's cause
how to increase private sources of funding
how to increase corporate donations
improve IE's branding to be more aligned with corporate's objectives
increase awareness of donation campaigns
how to increase revenue from programmes/events (e.g. entrepreneurial programmes)
host more events (to reach out to wider/more diversified audience)
improve programmes to attract greater crowds
how to increase revenue from leasing of spaces to the public
raise rental/leasing prices