The Rare & Powerful Magic of a Finance Committee
Mar 22, 2021How can a strong Finance Committee make the difference for your campaign? How do you avoid a Finance Committee in name only? Today on the show, Dustin & Sean address the keys to creating a successful Finance Committee and how to avoid typical finance committee pitfalls.
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SHOW NOTES:
Avoid a finance committee in name only, meaning there is no foundation for a committee.
- If a finance committee is set up well, it can be the most powerful tool in a campaign. It is important to do it with intentionality.
- Remember that before you run, you need to at least have 600 names on a list.
- This finance committee will be created from your list.
- These people will share your vision for your campaign.
- Some people will not want to be named on a committee, but will still help raise money.
- There is nothing wrong with this.
- One pitfall is by bringing on people that have not agreed to be on the committee.
- Have clear conversations.
- Make the ask about money needed to be raised.
- Start off with a higher number and recruit people to raise that specific amount.
- Have the most important role finance committee chair to inspire people and build relationships.
- Create the committee as an opportunity for people to talk with others about what they care about.
- You can enroll people into what is possible.
- Before you start running for office, you want to start thinking about all of the people that could be on your finance committee.
- Have a finance committee sheet with an agreement of the direction such as amount needed to raise, when money is needed, call time, be clear and always in communication.
- The point of a finance committee is to extend your network. Have diversity among the members, meaning different organizations. Think outside the box.
- Let prospective finance committee members know how serving on this committee can make a difference for them.
- As the candidate, it is important for you to stay in communication with your finance committee to develop and deepen those relationships.
- Always keep recruiting people to your finance committee.
- Things can happen and you will need new people.
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