Does your not-for-profit have a strategic plan in place? In a recent article for Forbes, author Victoria Burkhart offers some tips for creating and implementing a strong strategy. There are a number of elements that contribute to the creation of a strong strategic plan. Burkhart highlights the need for a cohesive format and a set […]
It is easy for organizations to become compartmentalized. However, isolation of one area of a not-for-profit from another can lead to inefficient operations and other difficulties. In a recent article from Forbes, eleven nonprofit professionals offer advice for helping not-for-profits break downing organizational silos. Some of the advice offered by the Nonprofit Council includes: Encourage […]
The Paycheck Protection Program (PPP) is an impactful piece of legislation that was created in response to the coronavirus pandemic. Its goal is helping small organizations (fewer than 500 employees) weather the economic crisis set off by the coronavirus pandemic. Many not-for-profit organizations took advantage of the forgivable loan program. A recent article from Nonprofit […]
2020 has been quite a year. As it comes to a close, there are many lessons that not-for-profits can take away from everything that occurred over the last twelve months. In an effort to help not-for-profits learn from the year, the Financial Commons—a joint initiative of Nonprofit Quarterly, Propel Nonprofits, and FMA—surveyed not-for-profit leaders regarding […]
Succession planning is a long-term job. In order to avoid struggles in this area, Sara Schafer offers five steps for successful succession planning: Cultivate a strong and focused management team. Maintain an accurate assessment of the business value of your farm. Conduct an audit of the power structure of your business. Regularly assess and update […]
