Do You Approach Fundraising Like an Entrepreneur Would?
Posted by Jim Berigan on 04 Oct 2011 in: Fundraising Ideas, PTA/PTO, Soft Skills
Recently, Donald Trump and Robert Kiyosaki teamed up to write a book on the subject of entrepreneurship called “The Midas Touch”.
In this book, they list five attributes that separate successful entrepreneurs from unsuccessful ones. These characteristics are:
- Character
- Focus
- Brand
- Relationships
- The Little Things
No matter what you think of Donald Trump, he has had a long and storied career as an entrepreneur, so it’s worth at least considering what he has to say on this matter.
I’ve stated many times before that I believe that school fundraising is a total sales job. You are trying to convince people to spend their money to buy a better product, namely a better school experience for their children. It doesn’t matter if you’re running an auction for your school, or a carnival, or a walk-a-thon. It could also be a product sale or a direct mail appeal. Whatever form your fundraiser takes, you are engaged in the art of sales.
Therefore, I think it’s appropriate to consider yourself an entrepreneur of a sort. You have to be creative, bold, and fearless when it comes to figuring out the best ways to earn the most money for your school.
So, if you are an entrepreneur, then, let’s look at the five markers of success that Trump and Kiyosaki highlight in their book.
1. Character. School fundraising is notoriously filled with “no’s”. You hear them all the time. It would be very easy to get discouraged and walk away from the effort of raising money in a school environment. I think it is especially frustrating because the cause itself is so important- their children’s education. It is going to take the strength of your convictions and your character to stick with this noble but frustrating calling.
2. Focus. This is a tough characteristic to maintain over the long haul. There are so many other important activities and responsibilities pulling at you that your volunteer time sometimes takes a back seat to other pressing matters. It is unrealistic to expect one person to maintain a laser-like focus on school fundraising during the entire school calendar, so I think the better strategy would be to get several people to share in a part of that necessary focus. Make sure you have a good team to work with on the task of raising money. Going it alone is a sure-fire plan to get burned out.
3. Brand. I know this sounds very “marketing-speak” but it does have a significant importance in your school fundraising campaigns. Just like you are attracted to certain marketing campaigns out in the world, you should think about the ways you present your fundraising materials for public consumption. How is your audience going to react to your fliers? Your website or Facebook page? How will they respond to your ideas for fundraising events? Do you keep them interested with new uses of technology? If you are sending out black and white, clip-art type of announcements, no one is even going to read them. There goes your participation and there goes your revenue. continue reading

When I was the principal of a private elementary school, one of the things I always tried to do when planning a fundraiser was to get the teachers on my side.
If you are reading this blog, chances are you are a pretty involved parent in your child’s education. You are most likely involved in fundraising activities, field trip chaperoning, room mothering (or “fathering”), and the countless other opportunities to play a vital role in your child’s education.