Facility planning and development is a difficult venture with a lot of moving parts even when you don’t consider the financial side of things. Budgeting is one of the most important factors of facility planning, whether determining what kind of amenities and equipment you can afford or simply figuring out if you will be able to generate enough revenue to stay viable. For facilities with a small budget, that battle is even more difficult. Today, Sports Facilities Advisory wants to help your small budget project by giving some tips that can help you distribute your funds effectively.
Conduct A Feasibility Study
The first thing that any small budget project needs to do is determine if the project can even be done and if it is worth doing. While a small budget might mean that you have less to lose, that doesn’t mean that you should haphazardly move towards a project that won’t be successful. A feasibility study will help you and your team not only determine if the project is doable, but also determine if the project is something your community wants.
Prioritize Your Spending
If your project is feasible and you decide to move forward with it, then you have to begin by establishing a compact budget. In many cases, organizations lose money fast because they simply don’t have strong guidelines on what they should be spending money on. Prioritize your spending and don’t waste money on things that aren’t necessary.On a personal level, we would call this being nickel and dimed to death. While it might be on a bigger scale here, the principle remains the same. With a small budget, facility planning must be done efficiently. You want to get the most out of every dollar you spend, so don’t spend them on things that you don’t need.
Reach Out To The Community
When it comes to facility planning for a community center or a recreation center, your community will be more likely to contribute than they would with a sport-specific facility. If your facility is going to benefit the community, reach out to your town and campaign for funding.You can even take your proposal to city hall and attempt to get government funding. If you have a small budget, facility planning is more difficult, but if it is a facility that will greatly benefit your city or town, you might be able to increase your budget with some help.
Contact Sports Facilities Advisory For More Facility Planning Tips
Facility planning is a long and tiring process, especially if you have a small budget. At Sports Facilities Advisory, we want to help you make that process easier. For more information or tips, give us a call at (727) 474-3845 or contact us online today.