Blog

 

How Nonprofit Leaders Can Adopt a Growth Mindset

Have you seen the pretty scary statement from the Nonprofit Times that “most charities are teetering on financial peril”? According to this 2018 study, 50% of organizations, created to do more good in the world and serve those in need, are disappearing, dissolving, or closing up shop on a regular …

Read More

 

Five Steps to Building Nonprofit Financial Sustainability

You’ve heard the statistic that half of all new businesses fail within the first five years, right? While I haven’t seen the same statistic about nonprofits, I’d venture a guess that it’s a similar number. In fact, the Nonprofit Times released a study in early 2018 that claimed “most charities …

Read More

 

3 Lessons in Storytelling from a CFO

Storytelling. The latest buzzword in the business world. It makes sense in the marketing space, because I’d sure rather hear a story about how a product or service changed someone’s life than have a stranger shout BUY THIS! BUY THIS! BUY THIS! or DONATE! DONATE! DONATE! at me. I just …

Read More

 

Five Steps to Closing Your Monthly Books

One question I ask when getting to know a new organization is: What does your monthly close process look like? I often get the answer: What’s that? [Insert wide-eyed emoji here].Many organizations I speak with don’t have an official monthly close process. They generally make sure all the month’s transactions …

Read More