Mindset #1 – Most successful nonprofit organizations are fully funded because their board members and staff know what needs to be done and bravely do the work. They ask for donations, take the time to carefully hire and train the best, and they quickly fire if needed.
Mindset #2 – It’s okay to raise more money than the cost of meeting your budget. When you ask for donations or sponsorships for an event or program, raise more than your actual costs. “Nonprofit’ is a tax classification, not a goal.
Mindset #3 – Here are two equally important keys to nonprofit success – accomplishing your mission and running a fully-funded business. Toward succeeding at both, your budget should include a reserve fund. Build this emergency fund to equal three to six months of your operating expenses.
Mindset #4 – Be open to good advice. When we received our fundraising training at the little school, we had fully realized we would fail without help. We humbly did exactly what our consultant instructed us to do – with no “buts” or second guessing.
Plan for prosperity!
As always, I am hoping for your every success!
