FYP Intern 2024 Key Areas for Development

11/15/2024

FYP Internship 2025.pdf

Key Areas for Development

• Impact Measurement & Metrics
  • Current gaps:
    • Lacks clear, quantifiable impact metrics beyond basic reach numbers
    • No clear theory of change with measurable outcomes
    • Missing impact evaluation framework
  • Needs to learn:
    • How to develop SMART impact metrics
    • Methods for tracking and measuring social return on investment (SROI)
    • Impact evaluation methodologies
    • How to build data collection systems from day one
• Financial Sustainability & Revenue Model
  • Current gaps:
    • Heavy reliance on volunteer model
    • No clear revenue streams identified
    • Lacks sustainable funding strategy
  • Needs to learn:
    • How to develop diverse revenue streams (beyond donations)
    • Building earned income strategies
    • Financial modeling for nonprofits
    • Budget forecasting and management
    • Unit economics of program delivery
• Program Scalability
  • Current gaps:
    • Current model heavily dependent on individual relationships
    • Manual processes for key operations
    • Unclear standardization of programs
  • Needs to learn:
    • How to systematize and standardize programs
    • Creating scalable operating procedures
    • Building tech infrastructure for scale
    • Managing growth while maintaining quality
    • Developing training systems for new team members
• Fundraising Strategy
  • Current gaps:
    • No clear fundraising strategy
    • Missing compelling case for support
    • Limited donor cultivation plan
  • Needs to learn:
    • Grant writing
    • Major donor cultivation
    • Building fundraising pipelines
    • Creating compelling pitch decks
    • Developing relationships with foundations
    • Understanding different funding instruments
• Partnership Development
  • Current gaps:
    • Ad hoc partnership approach
    • No clear partnership strategy
    • Limited formal agreements
  • Needs to learn:
    • How to structure strategic partnerships
    • Creating partnership agreements
    • Managing partner relationships
    • Building corporate partnerships
    • Developing cross-sector collaborations
• Market Analysis & Positioning
  • Current gaps:
    • Limited market analysis
    • Unclear competitive advantage
    • Undefined target beneficiary segments
  • Needs to learn:
    • Conducting market research
    • Defining clear value proposition
    • Understanding competitor landscape
    • Segmenting beneficiary populations
    • Positioning for different stakeholders
• Communication & Marketing
  • Current gaps:
    • Informal communication strategy
    • Limited brand development
    • Inconsistent messaging
  • Needs to learn:
    • Developing strong brand identity
    • Creating marketing strategies
    • Building communication plans
    • Storytelling for impact
    • Social media strategy
• Legal & Compliance
  • Current gaps:
    • Basic legal structure
    • Limited compliance procedures
    • Informal policies
  • Needs to learn:
    • Nonprofit legal requirements
    • Compliance regulations
    • Policy development
    • Risk management
    • Intellectual property protection