mark ross
Site Admin
Joined: 01 Mar 2007
Posts: 6
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 Posted: Tue Mar 20, 2007 11:18 am Post subject: Working towards the ballot |
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This part of the BID is the real meat of the project. It is very time consuming and often frustrating.
You have to prepare plans, activities and outcomes that will convince a business community that a private investment via the BID will improve their business trade, profit or any other possible factor.
No easy task!
I'd always suggest that you use some 'friendly' traders to discuss the proposed BID projects and the potential outcomes and get their views on this topic. After all you will be asking them to pay up at some stage.
How long do you need to take prior to going for a ballot. At least six months, as long as all the other elements of the BID are in place, eg. funding, human resources ect. You will have to factor into this creating a business plan, discussing this plan and a host of other issues that will arise.
Overall you need to give yourselves as much time as possible to secure votes. Which is anything from six months to maybe even 18 months.
I will discuss the finer points in another post. |
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