Cash reserves are key for nonprofit survival. The number one reason nonprofits fail is the lack of positive cash reserves. It is the Board’s responsibility to ensure that they are in place. We invited nonprofit operations consultant Sean Hale to share with us his thoughts on how best to address this important issue.
Former Board Members – Hidden Assets
Former board members are hidden assets in plain sight! They typically have a wealth of knowledge, experience and a passion for your mission and can be powerful contributors in strengthening your organization for years to come. Capitalize on their value by intentionally keeping them involved in whichever way works for them and your organization.
Strategic thinking crucial in these uncertain times
Strategic thinking is even more crucial in these uncertain times. There are some immediate questions for an organization’s board and executive staff to be asking now, the most important of which in my view is “So What?” If you can’t answer “so what?”, leaders need to go back to the drawing board.
An imposter’s confession
Hi, my name is Jane Baxter Lynn and I have (or suffer from) imposter syndrome. It is a real thing. Why do you care? Because many of you may be challenged by this feeling of not being enough, of guilt for being too much, or simply inadequacy, without understanding why.
Beyond Belt Tightening Part 3 – Strategic Investing
Many nonprofits are busier than ever as they respond to Covid-19 but don’t necessarily have the strategic tools in place to deal with the enforced change. Those that take extra time to respond strategically will come out stronger on the other side.
Beyond Belt Tightening Part 2, Return to Mission & Values
Mission and values, when applied properly, become key ingredients for nonprofits’ attaining financial success, whether in an emergency like Covid-19 or not. Austin-based finance and operations consultant for nonprofits Sean Hale presents the second in his 3-part series on the habits that nonprofits can use to address financial challenges now.