A good first step to make when considering whether to seek funding is completing a short summary (1-2 pages) of your intended project. Preparing this summary will not only help you focus and define your project, but also will be very useful in developing a good list of funding prospects. Here are some relevant questions to answer in the summary.
Who: (Who is involved? Who will do the work and who will benefit?)
What: (What change will you make, what is the goal? What will be different and better as a result?)
Where: (Where will the activity take place?)
When: (When will you start and what is the length of project?)
Why: (Why are you doing the work, in other words, describe the NEED for the project. This is one of the most important questions.)
How: (How will you reach your goal? What actions will you employ? Note: this does NOT mean how will you pay for it.)
How much: (How much money do you estimate you'll need?)
If you can satisfactorily answer these questions, you will have made an excellent start on writing your proposal.