Why Your Nonprofit Can Not Only Survive But Thrive I am delighted to share with you an excerpt from Let’s Raise Nonprofit Millions Together. “. . . you do good work. You help the illiterate to read. You put paintbrushes into frail seniors’ hands. You organize programs to solve pressing public problems. You do a[…]
Read MoreIf you want to run a surplus at your nonprofit, two options exist: Live within means or Grow your income. I assume you don’t want to shrink or even stay with your current budget. Imagine it’s a year from now, and your budget is growing. You have leftover funds for a rainy day. You[…]
Read MoreAnswer honestly. During the past week have you said or thought one of the following? I’m so busy. Things are hectic. There’s too much to do. You’re not alone. Time management is the number one challenge nonprofit leaders face. You wear many hats besides the one attached to your title. No matter your role, you support[…]
Read MoreHow to keep the creep out of your nonprofit. What is mission creep or drift? A disease that inflicts nonprofits that chase after money. Why is mission creep such a dread disease? You waste energy for short-term gain that you otherwise would invest to gain a sustainable income. Karen’s Mission Creep Stopper When you identify[…]
Read MoreOver my years of consulting I’ve noticed an interesting phenomenon. When income anxiety grows, relationships get neglected. This throws the healthy balance of relationships, money, and mission out of whack. Yet, the balance of the three is what attracts resources. (See the Figure with the three balanced circles.) 1.) If money anxiety escalates, relationships get[…]
Read MoreA woman we’ll call Sandra meets with her mental health counselor. Since her head-on auto accident four years ago, Sandra finds driving challenging. She experiences migraines, blurry vision, earaches, and reduced hearing. Sandra has endured many medical procedures from many different providers to find the root of her problems. Nothing has helped. Her counselor recommends[…]
Read MoreWe’re good at outcomes. We know what we want. It’s just that we want the result, the enchilada stuffing, but not the whole enchilada. What am I talking about? Our tendency to want the results, without the work. Consider these three examples involving income growth: Your organization wants to increase revenue. You’re unsure how, the[…]
Read More“We milk every cow,” explained Ms. Blanchard in a recent New York Times’ article. “We’re not a three- or four-legged stool. We’re a millipede.” The article goes on to explain that the nonprofit where Blanchard serves as president and CEO “cobbles together funds from 37 federal state and local programs.” Milking every cow might be[…]
Read MoreNonprofit people devise fascinating ways to earn revenue or ingenious solutions. Many of their concepts can be adapted to your setting. This article shares the Asset-on-Hyperdrive technique that I encountered while writing 7 Nonprofit Income Streams. In a nutshell, the Asset-on-Hyperdrive technique: Identifies assets such as volunteers, donations, and unused seats. Explores each asset for[…]
Read MoreA pie chart illustrated how the nonprofit sector earns cash on the overhead screen. Seventy people guessed which income source represented the largest slice. CEOs, senior staff, students, and professors who taught nonprofit master-level classes filled the room. When they were ready, I listed each category and asked which was the biggest. Only four people[…]
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