03/06/2024

Revolutionizing Nonprofit Sustainability

Adopting for-profit tactics for greater impact

The list of financial hurdles nonprofits face is long, ranging from inflation and high interest rates to unpredictable donors and declines in giving. The road to sustainability is winding, with plenty of potholes and blind corners.

As the CEO of a family of nonprofit and community-focused organizations, I suggest taking a different route. By embracing strategies from the for-profit sector, nonprofits can navigate financial unpredictability and ultimately increase their social impact.

Embracing Earned Revenue

Nonprofit organizations can adopt strategies from the for-profit sector, including competitive analysis and product refinement, along with continuous improvement of processes and people within the organization. With these components, nonprofits can focus on achieving their mission while maintaining financial viability. We call this an earned revenue model.

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