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It depends on the financial situation and conflict of interest between donator to beneficiary. Definitely one can approach for a donation if he has no choices to be left and level of confidence to revive once there is some lagging. A guest get branded as VIP, only when he gives donation. It is a publicity for them and it is our pitch to play hard.
Every project is estimated and some cushions are kept. Due to fluctuations and intermediary changes which is caused either by improper planning ,lack of exposure or by change in trends, , chances of depending on sponsors gets high.
In project management before you embark on a project , the scope has to be clearly defined so there is no need to start asking for funding from guests. When the scope is defined a budget is then put in place which shall be managed along the progression of the project. Cost,quality,time and scope shall be cleared defined and followed.
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