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Which Nonprofit Accounting Software Is Best for Your Organization?

As a nonprofit leader, you understand the importance of sound financial management. And to effectively manage your finances, you need the right accounting software. In this post, we’ll discuss the two most popular options, QuickBooks Online and Blackbaud Financial Edge, and compare their strengths and weaknesses to help you identify which accounting software is right for your nonprofit.

QuickBooks Online: Affordable and User-Friendly

QuickBooks Online is a cloud-based accounting software that is popular among nonprofits for several reasons. Firstly, it is affordable. Nonprofits can take advantage of the discounts offered by TechSoup and get a subscription for as little as $100 per year. This makes QuickBooks Online a great option for small to mid-sized organizations that need a reliable accounting software on a tight budget.

Another advantage of QuickBooks Online is its user-friendliness. The software is designed for non-accountants and is easy to navigate, making it an excellent option for organizations that don’t have a dedicated finance team. QuickBooks Online is intuitive, and users can set up and run reports quickly and easily. The software also integrates with many third-party tools, including Bill.com for bill payment and Gusto for payroll management.

However, QuickBooks Online has its limitations. It is not ideal for larger organizations that require more robust reporting capabilities. It may not be able to handle complex accounting needs, such as fund accounting or grant tracking, making it a poor choice for some nonprofits.

Blackbaud Financial Edge: Robust and Integrated

Blackbaud Financial Edge is an enterprise resource planning (ERP) system that is tailored specifically to nonprofits. The software is designed to handle the complex accounting needs of large nonprofit organizations. It is a highly robust platform that can handle fund accounting, grant tracking, and complex financial reporting.

One of the significant advantages of Blackbaud Financial Edge is that it is tightly integrated with other Blackbaud products, including its donor database software Razor’s Edge. This makes it easy to reconcile donations and other programmatic data with financial data, streamlining the process and saving time.

However, Blackbaud Financial Edge is also more expensive than QuickBooks Online. It may not be a cost-effective option for smaller organizations that don’t need all its advanced features. Additionally, the software can be challenging to navigate for non-accountants and requires a significant investment in training to use effectively.

NetSuite for Nonprofits: Comprehensive but Costly

NetSuite has gained popularity among nonprofits for its comprehensive ERP system that goes beyond accounting to provide financial management, CRM, e-commerce, and programmatic data tracking features. Its scalability makes growing your organization a breeze, accommodating extra users and complex processes as needed. NetSuite’s high customizability addresses the unique needs of your nonprofit while offering real-time reporting and analytics for well-informed decision-making. Plus, as a cloud-based platform, it gets rid of the need for on-site infrastructure and allows remote access.

However, there are a few downsides to consider. NetSuite can be pricey for smaller nonprofits when you factor in the costs of implementation and ongoing maintenance. The platform’s complexity might also require a steep learning curve for staff to become acquainted with its features. Additionally, although NetSuite integrates with numerous third-party applications, there could be limitations depending on the specific tools your organization uses. The capacity to merge programmatic data into the same platform as accounting, as demonstrated by one of our clients, underscores NetSuite’s wide-ranging capabilities.

Wave for Nonprofits: A Budget-Friendly Option with Some Limitations

Wave has become a go-to choice for small nonprofits due to its free accounting software, which is particularly appealing when budgets are tight. Designed with non-accountants in mind, Wave is user-friendly and easy to navigate, making it ideal for organizations without dedicated finance teams. As a cloud-based solution, Wave enables remote access and eliminates the need for on-premise infrastructure. It offers essential accounting features, such as invoicing, expense tracking, and financial reporting, while also integrating with some popular third-party applications for streamlined workflows.

On the flip side, Wave does have its drawbacks. Its limited functionality might not be sufficient for larger or more complex nonprofits, particularly those requiring fund accounting or grant tracking capabilities. Additionally, Wave lacks a dedicated nonprofit version, which could lead to less efficient financial management. Limited customer support may also pose challenges when addressing issues or concerns with the software. As your organization grows, Wave’s limited features and functionality might not be able to keep up with your expanding needs. Furthermore, compared to other accounting software options, Wave offers fewer third-party integrations, potentially hindering your organization’s ability to create a cohesive software ecosystem.

Which Software Is Right for You?

Choosing the right accounting software for your nonprofit organization requires careful consideration of your needs and budget. QuickBooks Online is an excellent option for small to mid-sized nonprofits that need a reliable and user-friendly accounting software at an affordable price.

For larger organizations with more complex accounting needs, Blackbaud Financial Edge may be a better fit. However, it comes at a higher cost and requires more extensive training to use effectively.

Ultimately, the best nonprofit accounting software is the one that meets your organization’s unique needs and is user-friendly. Both QuickBooks Online and Blackbaud Financial Edge have their strengths and weaknesses, and it’s up to you to decide which one is right for your nonprofit.

Read the podcast transcripts here.

Links mentioned in this episode:

Want more of the podcast?

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How to Build a Strong Organizational Culture: Lessons from Hope for Haiti

In the heart of Haiti, Hope for Haiti, a nonprofit organization, has been changing the lives of Haitians for over three decades. It all started with a mission to build a brighter future for the Haitian people, but the organization’s CEO, Skyler Badenoch, quickly realized that it couldn’t be done alone. He understood that people are essential in driving sustainable and scalable impact, and he knew that to make a lasting impact, he needed to build a strong and sustainable organizational culture.

Key Pieces to a Strong Organizational Culture

Hope for Haiti’s culture is built on autonomy, clear growth trajectories, fair compensation, personal and professional growth, collaboration, accountability, and humor. These key pieces work together to create a culture that nurtures people, encourages growth and personal development, and values autonomy, accountability, and collaboration.

Autonomy: Empowering Employees to Innovate

The foundation of Hope for Haiti’s culture is autonomy. It was founded on the belief that people work best when they have a sense of ownership over their work. Badenoch believes in empowering his team to make their own decisions and use their creativity to solve problems. This approach not only helps employees feel more invested in their work but also leads to more innovative solutions.

Growth and Development: Investing in Employee Growth

The organization places a significant emphasis on personal and professional growth. They understand that investing in their employees’ growth is an investment in the organization’s future. The organization provides opportunities for its employees to develop new skills and advance in their careers. This helps create a sense of purpose and a feeling of being part of a team that is making a difference.

Compensation: Fair and Competitive Pay

Hope for Haiti understands that fair compensation is essential in creating a sustainable organizational culture. Badenoch is passionate about paying employees fairly and competitively for their work. This helps attract and retain talented employees and shows that the organization values and respects their contributions.

Collaborative Leadership: Everyone Has a Voice

Collaborative leadership is another value that Hope for Haiti’s culture emphasizes. Badenoch believes that everyone on the team should have a voice and contribute to decision-making. This approach fosters a sense of community and helps ensure that the organization is making the best decisions for its mission.

Embracing Mistakes: Learning from Failure

Hope for Haiti’s culture is also one of embracing mistakes. Badenoch understands that mistakes are inevitable when trying new things, and he encourages his team to take risks and learn from their mistakes. This approach helps create a culture of innovation and continuous improvement.

Transparency in Nonprofit Work

Hope for Haiti believes that transparency is a crucial component of nonprofit work. They proactively share their audit financial statements and 990 with their donors. This practice is a powerful way to build trust with donors who want to dig deeper into the organization’s finances. Sharing audit financial statements is not common practice among most nonprofits. But it is a way to set an organization apart.

The Importance of Cash Forecasting for Nonprofits

Having a cash reserve is critical for the financial stability of nonprofits. However, many organizations struggle with cash flow and are unable to keep a reserve. This struggle can create stress and limit an organization’s ability to plan and implement programs effectively. Hope for Haiti’s capital campaign to build a new healthcare campus is an ambitious project that will serve as a model for sustainable healthcare in the region. The organization’s commitment to green technology and collaboration with other organizations is a testament to their dedication to creating a brighter future for the Haitian people.

Hope for Haiti’s strong and sustainable organizational culture is a testament to the power of autonomy, growth and development, fair compensation, collaborative leadership, embracing mistakes, transparency, and cash forecasting. By taking inspiration from Hope for Haiti and focusing on these key pieces, nonprofit leaders can create thriving organizations that can have a significant impact on communities. Let us strive to create cultures that nurture and empower our people, foster innovation and growth, and ultimately make a positive impact on the world.

Read the podcast transcripts here.

Links mentioned in this episode:

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The Power of Niching Down for Nonprofits: Boost Your Impact and Attract the Right Donors

As the Founder & CEO of 100 Degrees Consulting, I’ve learned firsthand the power of niching for nonprofits. By applying a concept from the entrepreneurial world, your nonprofit can attract the right donors, boost your impact, and improve efficiency in the long run.

The Importance of Niching Down

When we try to please everyone and talk to everybody, our message becomes too generic and fails to resonate. Niching down means being very specific about what we do and who we do it for, focusing on one ideal client or customer. This approach helps attract the right people to our work and creates a deeper connection with donors.

My Experience: A Living Example of Niching Down

I experienced the benefits of narrowing my focus by shifting from working with small businesses and nonprofits to exclusively working with nonprofits. This clear focus on doing one thing really well allowed me to attract more of what I wanted, resulting in increased growth and impact in my business.

Discovering Your Nonprofit’s Niche

  1. Identify who you want to help
  2. Determine your area of expertise
  3. Create a client or organization avatar

Fear Rooted in Scarcity: The Nonprofit Dilemma

Many nonprofits use watered-down marketing messages and take on programs outside of their expertise due to a fear rooted in scarcity. This approach often leads to broken backend systems and a lack of focus. By embracing the limitless nature of money and niching down, nonprofits can overcome this fear and achieve better results.

Developing Your Programs and Offers

  1. Brainstorm a list of possible programs or services
  2. Assess each idea based on time, cost, and impact
  3. Select the most promising ideas that align with your niche and passion

Examples of Niching Down in Nonprofit Messaging

Here are two examples of how being specific in nonprofit messaging can create deeper connections with potential donors:

Generic: “Donate now to help this community in Africa.”

Specific: “Join us in our all-out effort to reduce maternal and child mortality in Kenya.”

Generic: “We help high school students get into the college of their dreams.”

Specific: “We help high school girls from underserved communities in New York City attend Ivy League universities.”

Can you see and feel the difference between these statements? The niched messaging will resonate profoundly and evoke emotion for your cause.

Crafting Your Niche Mission Statement

  1. Use a template to guide your statement
  2. Clearly define your target audience, the transformation you provide, and your methods
  3. Consider how this new mission statement may apply to different aspects of your organization

Embrace the Limitless Nature of Money and Get Specific

Your nonprofit can thrive by ditching the notion that money is scarce and focusing on attracting specific donors passionate about your cause. Refine your marketing messages to be more specific, focusing on the unique aspects of your organization’s mission and target audience. This will help you attract donors who are passionate about your cause and willing to provide more significant support.

Sharing Your Niched-Down Message

  1. Update your online presence with your new focus
  2. Use your refined message to guide your fundraising and marketing efforts
  3. Embrace the power of saying “no” to opportunities that don’t align with your niche

By niching down, your nonprofit organization can attract the right donors, make a greater impact, and improve its overall efficiency. Don’t be afraid to be specific in your mission – the right donors and supporters will find you and appreciate your clear and focused message. Remember, by trying to help everyone, you may end up helping no one – so embrace the power of niching down for your nonprofit.

Read the podcast transcripts here.

Links mentioned in this episode:

Want more of the podcast?

  • New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast
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How Nonprofits Can Use ChatGPT to Increase Their Impact

As a nonprofit leader, it can sometimes feel like you’re perpetually running on empty, struggling to balance numerous responsibilities while striving to create a positive impact in the world. With your attention divided between managing teams, securing funds, and tackling a myriad of other tasks, the obstacles you face are immense and time and resources are frequently scarce. In this blog post, we delve into a variety of productivity-enhancing strategies, including how to use ChatGPT for your nonprofit. From harnessing the power of AI-driven tools to refining processes and prioritizing tasks, we’ll provide you with essential insights to help you optimize your time and resources.

Grant Writing and Democritizing Funding: 

Krista Kurlinkus, Ph.D., founder and CEO of Krista Kurlinkus, LLC, is an expert in grant writing. She has won multimillion-dollar federal grants, global development grants, and corporate, private, and community foundation grants. Her consultancy helps nonprofits, government entities, and academic researchers improve their grant writing skills and get the funding they deserve. Kurlinkus’s work helps democratize grant funding for small organizations and provides university-level writing education to grant writers.

Focus and Productivity: 

Many nonprofit leaders struggle with focus as they juggle multiple responsibilities. Krista Kurlinkus, founder of Focus In, has created a program designed to help nonprofit leaders stay focused and productive. The program offers two daily sessions, Monday through Thursday, allowing participants to drop in whenever it fits their schedule. Kurlinkus incorporates body doubling in these sessions, where participants can see each other on video while they work, providing an added benefit of accountability and mirroring.

Investing in Ourselves: 

Investing in ourselves is critical to our success, and nonprofit leaders must prioritize their well-being and success. Kurlinkus’s program talks about self-care in a broader sense, focusing on how you put together your entire life rather than just taking bubble baths or other temporary self-care activities. It’s essential to change the perception that investing in ourselves is not as important in the nonprofit sector.

Financial Management: 

As a nonprofit leader, you know that funding and resources can be hard to come by. That’s why having a solid financial routine is so important. Stephanie Skryzowski, the Founder of 100 Degrees Consulting, understands the struggles that nonprofit organizations face and has created a free finance routine checklist to help. This tool outlines what to focus on monthly, quarterly, and annually, so you can stay on top of your finances and make a real impact. With this resource at your fingertips, you can ensure your nonprofit has the resources it needs to succeed.

The Potential of AI: 

Krista Kurlinkus believes that artificial intelligence (AI) has the potential to transform the nonprofit sector. She recently spoke about her work with ChatGPT, a machine learning model that uses a deep learning technique called transformer architecture to generate human-like text. Using technology like ChatGPT in your nonprofit can streamline communications and reduce the need for certain positions, such as those in communications departments. It can generate fresh ideas and logical connections, making it a valuable tool for program design and grant writing. However, she cautions that ChatGPT is still bleeding edge technology and not a perfect solution, and ethical concerns should be considered.

So there you have it, a look into the world of nonprofit leadership, self-care, and AI. We hope this blog post has given you some insight into the challenges and opportunities facing nonprofit organizations today. From grant writing to financial management, it’s clear that nonprofit leaders have a lot on their plates. However, by investing in themselves and embracing new technologies like ChatGPT in your nonprofit, they can streamline their operations and stay ahead of the curve. We encourage you to continue learning and exploring new ways to improve your nonprofit’s impact and effectiveness. Thank you for reading!

Read the podcast transcripts here.

Links mentioned in this episode:

Want more of the podcast?

  • New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast
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How to Build Confidence in Doing Scary Things

Have you ever experienced a situation where you feel intimidated by a challenge, unprepared or lacking the confidence to face it directly? You’re not alone. Many of us experience these emotions when faced with intimidating tasks. However, there are ways to build confidence and overcome these fears.

I recently encountered this scenario while preparing to give a TED-style talk at the ROI Millionaire Summit in San Juan, Puerto Rico. (You’ll get to listen to my talk in this podcast episode!) My journey towards building confidence in public speaking is a powerful testament that confidence often comes after persistently facing your fears and repeatedly taking on the challenge.

In high school, college, and grad school, I never raised my hand to answer a question in class, fearing the prospect of speaking in front of people and possibly getting it wrong. But during the first few months of owning my business, when someone asked me to speak to a group of new entrepreneurs, I gathered the courage to accept the invitation. Even though I was terrified, I followed through, and by repeatedly putting myself on stage, I slowly built my confidence.

Overcoming Fear of Public Speaking Through Entrepreneurship

When preparing for the conference, I had to choose between delivering an informational or inspirational talk. Initially, I opted for the informational route, which I was comfortable with. However, after receiving invaluable feedback from a renowned speaking coach, I took a leap of faith. I stepped out of my comfort zone to rewrite my entire talk, making it more story-driven and impactful.

Although I didn’t have the confidence to immediately dive into this new format, I was committed to doing my best. If you’re holding back from doing something because you lack confidence, remember that readiness often comes from repetition. As I’ve discovered throughout my career, it’s crucial to keep pushing forward, and the confidence will follow.

Another critical aspect of building confidence is practice. Practice doesn’t make perfect; it makes confidence. I practiced my speech in various settings: the car, the shower, on the treadmill, and in bed. Each time I practiced, my confidence in delivering my talk grew stronger.

Building confidence in doing scary things comes from embracing opportunities, pushing yourself out of your comfort zone, and practicing consistently. I hope that my experience and the lessons I’ve learned along the way can inspire you to face your fears and build confidence in your abilities. Embrace the challenge, and you may surprise yourself with what you can achieve.

Read the podcast transcripts here.

Links mentioned in this episode:

Want more of the podcast?

  • New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast
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Nonprofit Marketing Strategy: Skyrocket Your Organization’s Growth with the Power of Facebook Ads

In today’s digital world, social media plays a crucial role in shaping how nonprofits share their stories, engage with supporters, and raise funds. Therefore, having a well-planned nonprofit marketing strategy for social media is essential. Leveraging social media platforms and utilizing Facebook ads effectively can significantly impact a nonprofit’s reach and success. So, we had Dana Snyder on the podcast to discuss how to choose the right social media platforms, the difference between organic and paid social media, debunking common myths about social media advertising, and how to effectively use Facebook ads for nonprofits.

Choosing the Right Social Media Platforms: 

Nonprofits should focus on a primary and secondary social platform rather than trying to be present on all platforms. Use Google Analytics to determine which platforms drive the most quality traffic to your website. Facebook and Instagram are common primary platforms for nonprofits but don’t overlook YouTube as it’s a search engine that can drive valuable traffic.

Organic vs. Paid Social Media: How to Decide? 

Organic social media refers to posts and engagement that occur naturally, without any financial investment, nurturing existing supporters. On the other hand, paid social media allows organizations to target specific audiences, reaching beyond their current supporters, which can be helpful in reaching new audiences, promoting events, and driving donations.

Are Ads Really Effective? 

Common misconceptions about social media advertising include believing that ads are expensive or ineffective. The truth is that ads can be cost-effective and reach a large audience on a small budget. Ads may be perceived as ineffective if the approach is wrong, such as asking for donations from cold audiences. Instead, warm up audiences through strategic ad campaigns that build relationships over time.

Building Relationships Through Facebook Ads:

Facebook ads for nonprofits are all about building relationships with your audience. It’s not just about asking for donations right away; it’s about letting people know about your organization, its mission, and its impact. This process takes time; the key is patience and consistency.

Targeting Warm Audiences:

Target your warm audience, such as Facebook followers or people who have engaged with your content, as they already have some familiarity with your organization. By targeting your warm audience, you can see a higher return on investment in your ad spend.

DIY vs. Hiring Help: 

Nonprofits can either learn to run ads themselves or hire someone to manage them. There are step-by-step courses available that teach you how to create and run visibility, lead generation, and donation ads. If you prefer to work with a third party, educate yourself about the process to ensure you’re working with someone knowledgeable. Understand the goals and strategies behind the ads.

Test and Optimize Your Ads:

 Running successful Facebook ads requires testing and optimization. Test different audiences, copy, and content to see what works best for your organization. Start with a lower ad spend, monitor the results, and amplify the ads that are performing well.

For nonprofits looking to maximize their impact, a strategic approach to social media and Facebook ads is essential. By focusing on the right platforms, leveraging both organic and paid strategies, debunking common myths, and employing a long-term approach to Facebook ads, organizations can harness the power of social media to drive growth, engagement, and success.

Read the podcast transcripts.

Links mentioned in this episode:

  • Connect with Stephanie on Instagram
  • Connect with Dana on Instagram
  • Don’t let finances hold you back from achieving your nonprofit’s mission. Download our free income forecasting and budgeting template today! With this tool, you’ll be able to confidently plan for the future and avoid any unexpected financial surprises.

Want more of the podcast?

  • New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast
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3

We’re Back! Introducing The Prosperous Nonprofit Podcast

Welcome to the Prosperous Nonprofit, the new version of the 100 Degrees of Entrepreneurship podcast. 

If you’re a longtime listener, don’t worry – all previous episodes are still available, and you can continue to enjoy them in our feed. But with our recent shift, we’re taking the opportunity to serve you the most inspiring content in a fresh new way.

Our host, Stephanie Skryzowski, is the Founder & CEO of 100 Degrees Consulting. She is passionate about empowering leaders to better understand their numbers, grow their impact, and their income. In this podcast, Stephanie is discussing innovative, disruptive, and entrepreneurial approaches to building financially sustainable and impactful nonprofits.

Along with sharing the journey from 100 Degrees of Entrepreneurship to The Prosperous Nonprofit, Stephanie shares the backstory behind the rebranding of the podcast. 100 Degrees Consulting used to work with nonprofits and small businesses, but we made a decision to focus exclusively on nonprofits, which led to rebranding the podcast to reflect this change.

Although the podcast now focuses on nonprofits, small business owners can still gain value from the content since many of the strategies and lessons discussed apply to them as well.

The show will not exclusively be about money; rather, the concept of prosperity will encompass time, balance, flourishing, and more. Expect a mix of interviews and solo shows with a focus on innovation, entrepreneurship, and new approaches to nonprofit management.

With the introduction of the Prosperous Nonprofit, we’re excited to embark on this new chapter in our podcast journey. We hope you’ll join us in discovering groundbreaking ideas and strategies for building successful, financially sustainable, and impactful nonprofits. 

Stay tuned for upcoming episodes and inspiring conversations with leaders in the nonprofit sector.

Read the podcast transcripts.

Links mentioned in this episode:

Want more of the podcast?

  • New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast
  • Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!
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The Prosperous Nonprofit Podcast

Introducing the Prosperous Nonprofit Podcast: We’ve Been Keeping a Secret!

The Prosperous Nonprofit Podcast

If you’ve been a fan of the 100 Degrees of Entrepreneurship podcast, we have some exciting news for you. After 100 amazing episodes, we’re rebranding and changing things up to bring you the most inspiring content in a fresh new way. Introducing the Prosperous Nonprofit podcast, a show dedicated to leaders who are building financially sustainable and impactful nonprofits while changing the world. I’m Stephanie Skryzowski, Founder, and CEO of 100 Degrees Consulting. My personal mission is to empower leaders to better understand their numbers, grow their impact, and increase their income.

On this show, we’ll be talking to people leading the nonprofit sector in new, innovative, disruptive, and entrepreneurial ways. We’ll feature organizations that fuel their lives, hearts, and communities.

We’ll officially launch the new show next week, with three episodes dropping on launch day. 

Here’s what you can expect: 

  • A welcome epis ode where I’ll share what the new show is all about. 
  • An episode with my friend Dana Snyder, a marketing genius and host of Missions to Movements, discussing how Facebook ads can transform nonprofit marketing. 
  • A solo episode where I share my talk from the ROI Millionaire Summit in January 2023 about building confidence in doing scary things.

From there, we’ll return to our regular schedule of releasing new episodes every Monday morning. We have a fantastic lineup of insightful, innovative guests and content planned for you. Topics include using ChatGPT to increase your impact, building a thriving organizational culture, and how co-creating leads to nonprofit innovation.

If you still need to subscribe to the show, be sure to do so now so you will get all of the exciting episodes we have in store. And if you’ve enjoyed the podcast, we’d love it if you could leave us a rating and review on Apple Podcasts to help us reach our goal of 100 reviews.

A final note for business owners and entrepreneurs: don’t be put off by the word “nonprofit” in the title. The strategies and tactics we discuss on the Prosperous Nonprofit podcast are 100% applicable to your business. We’re confident you’ll find immense value in the upcoming episodes.

So, get ready for the official launch of the Prosperous Nonprofit podcast next week. Make sure you’ve subscribed, and we’ll see you then!

Read the podcast transcripts here.

Links mentioned in this episode:

Want more of the podcast?

  • New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast
  • Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!
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Feeling stuck here's what to do next

Episode 95: Feeling Stuck? Here’s What to Do Next.

It’s the craziest time of the year! If you’re feeling pressure to close Q4 really strong, take a deep breath. Set aside a few moments to grab a cup of coffee or tea and listen to today’s podcast episode.

We all have phases in business where we feel stagnant and unsure of our next move. Today on the podcast, you’ll hear from Stephanie Skryzowski. In this episode, Stephanie talks about those moments you feel stuck in your business and shares the 3 things she does to help her break out of that rut. 

Maybe the end doesn’t seem like it’s in sight, but we do know that it will be over before we know it. Thinking about what is next in your business is a really great way to kind of clear your brain of all the junk that’s happening in there right now and think about the future.

I have found that I don’t get my best ideas when I’m running from one thing to the next, or in those 30 minute chunks in between Zoom meetings. That’s not where I am feeling my best. I like to create space for innovation. – Stephanie Skryzowski

Stephanie’s top 3 tips to get “unstuck”:

  1. Forward thinking: Set aside some time to cllear your brain of all the “right now” junk and think about the future of your business and what could be next. Brain dumping is a great way to do this. 
  2. Create space for innovation: Actually block out time on your calendar to allow yourself the opportunity to generate momentum by looking at what’s currently working and considering ways to innovate what you’re already doing.
  3. Practice gratitude: It may sound cliche, but if you can get into the practice of thinking about one thing each day that you’re grateful for it will feel like a breath of fresh air. 

Links mentioned in this episode:

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Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

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Click here to read the full transcript.

Ep 94 How to Successfully Pivot in your Business

Episode 94: How to Successfully Pivot in your Business

If you’re a small business owner who is considering pivoting in your business, today’s episode is full of helpful information and tips on how to do it successfully.

Most of us will reach a point in our business where we will wonder if we need to make a change. Maybe it’s revenue, maybe it’s a shift in passion, or maybe it’s temptation of the next big thing everyone else is doing.

Stephanie Skryzowski shares her tips for how to pivot with a plan, breaks down what things to consider as well as what to look at from a numbers perspective. 

We’re all going to pivot, we’re all going to shift. And I think that’s important to keep us fulfilled as professionals, as creative human beings in general. That is what is going to help us continue to thrive and continue to be lit up by our business. – Stephanie Skryzowski

Key takeaways from this episode:

  • Consider if you’re thinking about pivoting for a verifiable reason or due to burn out
  • Make sure to pivot with a plan
  • Pay attention to your instincts but most importantly, run your numbers
    • Run both best case scenario numbers and realistic numbers
  • Assess where you are right now
  • Determine what you are pivoting away from as well as what you are pivoting towards

Links mentioned in this episode:

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