Thread: We have cash to burn...or do we?
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Unread 12-12-2010, 17:04
JaneYoung JaneYoung is offline
Onward through the fog.
no team
Team Role: Alumni
  
Join Date: Mar 2006
Rookie Year: 2002
Location: Austin, TX USA
Posts: 5,996
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Re: We have cash to burn...or do we?
Quote:
Originally Posted by Conor Ryan View Post
No you don't have cash to burn.

Save it.
One thing that would be wise in this situation would be to document how the money is spent and why it is spent. If it (or any part of it) is saved as Conor suggests (and I agree with), document the reasons the team felt that was important and what the short term and long term plans are/would be for the monies. When sending a thank you for the generous donation(s), some of this info could be included, showing the donor(s) that they have made a good decision in supporting a team that uses wise judgment and good business sense.

Documentation in every area strengthens the team and can later be used for archival and historical research/reference purposes.

Jane
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