I hate failing
I have a true confession for you, bright and early today. I hate failing. I know, I know. Failure is part of success. Fail forward. Blah blah blah. I don’t care. I hate it to my core. (#enneagram3 much?!) A lot of times when we think we are failing, it’s only because …
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Interview with the Speak to Scale Podcast with Jessica Rasdall
We recently chatted with Jessica Rasdall of the Speak to Scale Podcast on the challenges and tasks entrepreneur’s need to be performing to ensure you’re remaining solvent at the end of the day. No one likes to talk about all of the fears, uncertainties, and worries that come with this …
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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 …
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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 MoreHow to Track Restricted Funds Using Classes in Quickbooks Online
One question I get asked a LOT is: How do we track restricted funds so we can easily report to our funders? The first thing I want to do is give you a HIGH FIVE because this is hugely important to tracking grants internally, reporting to funders, and ensuring that …
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Is your organization “teetering on financial peril”?
The Nonprofit Times just released a study of over 219,000 nonprofits and came up with a couple startling conclusions. 1. One in 12 are insolvent already 2. 30% face liquidity issues In normal people speak, that means 8% of organizations are currently operating in the red and 30% are on …
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How Virtual CFO Services are Like a Superhero + Crystal Ball Combined
“A shift is happening. The early CFO, version 1.0, was The Historian. Next came version 2.0, the Real-Time Analyst who caught issues based on real-time dashboards. It now appears that we are beginning to see a new version: CFO 3.0 – The Futurist.” (Source) I talk about Excel being my …
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A nonprofit trend that will influence 2018
Classy just posted an article about the 9 nonprofit trends that will influence 2018, but they left out one critical component of nonprofit management. Finance. [Side rant: Why does everyone forget finance?! If I accomplish only one thing in my life, it will be to elevate the finance department of …
Read MoreHow to bring the most clarity to your organization
How many emails have you received in the last couple weeks about 2018 goals? If your inbox is anything like mine, the answer is too many. Frankly, I almost started writing an email about setting your 2018 goals until I realized that if you’re a high achieving, world-changing leader (which …
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Why 100 Degrees is so much more than accounting
Empowerment. I’ve seen it criticized as a buzz word or jargon in the nonprofit world, but I disagree. Yes, everyone seems to be empowering someone or something but I happen to like the word. When I think of empowerment, I see someone standing a little taller, speaking up a little …
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