Cash reserves are key for nonprofit survival. They are essential for assessing and ensuring the long-term sustainability of a nonprofit. The Board is responsible for agreeing a reserve amount and including it in the financial policies. Tracking where the organization is in relation to the funds can literally mean the difference between catching financial crisis […]
Tag Archives: strategy
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.
Clarity, Courage and Calm under Chaos – crucial leadership traits now
As the world faces so much uncertainty and many difficult decisions are having to be made as a result of the coronavirus pandemic, now more than ever people are looking to their leaders for direction. What traits are leaders like those in our nonprofit community needing to draw on at this critical time?
STOP, don’t cancel your event – at least not yet
Nonprofit leaders, STOP, don’t cancel your planned events, at least not before you’ve explored the benefits of going ahead with a creative alternative on that same date. There are many potential upsides to consider.
Which comes first – Vision or Mission?
Which comes first – Vision or Mission? Frankly, why should I care? In our view, vision (clearly defined strategic direction) should always come before mission, because if you don’t know where you are going (desired impact) how do you know what you need to do to get there (mission)?