Balancing discipline with generosity is undoubtedly one of the most challenging aspects of nonprofit leadership. In the early years of a nonprofit's existence, this struggle often goes unnoticed.
We lead with such a devotion to our new mission, and our donors generously respond to the passion of the determined founders. But what happens when passion is not enough? What happens when the newness wears off and the energy and passion that drove the early years wanes before a new generation of leadership is cultivated and engaged?
Whether your organization is new and is still sparked by it's original fire, or you've recognized it's time to reexamine your mission and vision, there is room to improve by being intentional and adding structure to the pursuit of your cause.
Here's where you can look to improve:
What is your strategy for bringing revenue in the door? Every dollar comes from somewhere.
Financial Management Processes
Make sure there are mechanisms in place to show that money is handled responsibly and
transparently. Every dollar goes somewhere.
Make sure your organization is following its bylaws and enforcing board requirements such as term limits, attendance and giving expectations. Every seat at the table is valuable.