ProSpeak: Today’s Challenges, Tomorrow’s Strengths
Working with a variety of nonprofit organizations, we’ve learned that by following a few simple actions, your organization can withstand economic uncertainty and, perhaps, even grow because of it.
1. Perform a financial review. Assess what is truly important. Assemble your best fiscal experts from your volunteer base, not solely to cut expenses (although that might be a part of it), but to test your fundamental business model. Confirm your pricing, and make sure everyone on your staff is contributing to the bottom line. Defend against panic and emotion by getting real information and making data-based decisions.