Transcription:
Meeting with Woke – October 20
Duration: 65 minutes
Recording: No highlights
1. Discussion on Libertad Grounds (LG) Business Model (0:09 - 0:46)
• James Lauderdale introduced the idea of cohorts for Liberated Grounds, where companies and individuals aligned with LG’s values would invest in the space and conduct workshops.
• Woke suggested that these companies and individuals must contribute meaningfully to the community, adding value beyond monetary support.
2. Revenue Streams and Funding Goals (0:46 - 1:30)
• The funding goal was discussed, with James mentioning a target of $80,000. This funding would be used for various Liberty Grounds initiatives, including sustaining operations and expanding its community impact.
• They explored using a mix of one-time donations and monthly sustainers to achieve this goal.
3. Workshops and Grant Writing Team (1:30 - 2:26)
• Workshops were considered as a significant revenue source, where Liberty Grounds could charge for sessions, aiming for $200 per session.
• James emphasized developing a grant writing team where LG and the writers share a percentage of awarded grants, making it a profitable venture for both parties.
4. Supporting Small Farmers and Land Access (2:26 - 6:09)
• James proposed giving small farmers access to land to grow crops, which they could then sell at local markets. This could position Liberated Grounds as a beacon for small farmers, providing them space at affordable prices and helping generate revenue.
• Woke agreed with this direction and emphasized the importance of tying it into the community and the broader mission of Liberated Grounds.
5. Membership Fees and Activities to Boost Engagement (6:09 - 32:07)
• James and Woke discussed how membership fees would help fund activities like quarterly productions and programming.
• They acknowledged challenges like communication breakdowns and lack of follow-through. James suggested incorporating social gatherings like meals to boost participation.
• Woke pointed out that Liberated Grounds could be more effective by building stronger relationships within the community, leveraging the network, and offering members tangible benefits like discounted services from other members.
6. Partnerships and Future Plans (32:07 - 65:00)
• James highlighted potential partnerships where Liberated Grounds could support artists and creatives by giving them a platform to sell their work through LG’s website, with LG taking a small percentage.
• They discussed the idea of selling exclusive artwork on the platform, pricing pieces higher and offering artists additional promotional perks.
• Additional ideas included creating online courses, publishing a book to tell Liberty Grounds’ story, and expanding into media partnerships.
• A goal was set to generate $30,000 per year through LG media within the next few years.
7. Next Steps and Action Items
• Woke and James agreed that further work on internal member support and grant writing would be key to moving forward.
• James proposed meeting again to continue the conversation and start putting these plans into action.
Action Items
1. Develop Workshops as a core revenue stream, particularly focusing on grant writing.
2. Expand membership benefits, including tangible perks and services provided by Liberty Grounds.
3. Finalize partnerships with artists, offering a platform for selling artwork with a commission-based model.
4. Work on a book that tells the Liberty Grounds story, which can be used for promotional and funding purposes.
5. Continue developing media partnerships, aiming for $30,000/year in revenue from media initiatives.
6. Set a follow-up meeting to finalize these plans and outline the next steps in more detail.
Overview:
They explored revenue streams like memberships, workshops, and land access for small farmers. James outlined goals to generate funding and community involvement through various initiatives.
James detailed potential revenue sources like grants, co-working space, and a $80,000 fundraising goal. Discussion addressed balancing affordable programs with covering expenses.
They considered workshops as an impactful source of income, and developing a team of grant writers that could benefit both individuals and Liberty Grounds through a share of awarded funds.
James explained plans for Liberty Grounds to support small farmers by providing land and selling crops at local markets. Woke3 agreed this could be valuable for the community.
They discussed using membership fees for programming and discussed challenges around consistent communication and follow-through. James suggested social activities could boost participation.
James outlined potential partnerships while Woke3 emphasized the importance of internal support. James detailed initiatives like online courses, publishing, and media partnerships that could generate substantial revenue streams in future years.
Comments