Waiting Well and Nonprofit Leadership: Make Delay Your Best Friend Forever
In another life, Elaine and Justin, a favorite couple of mine, gave me this sound advice: Do all the things you want while you’re still single. When you’re married, things get more complicated. My friends taught me how to wait well.
You also wait. You pursue more money, resources, donors, customers, and supporters. You know they’re coming, but they aren’t here, yet. How can you wait well? Set up your systems and process that will make your organization a success now and later. It’s a lot less complicated now than when you land the resources you seek.
Here are three processes to grow while you wait:
- A Superlative Thank-you for Your Donation Process
Figure out how the person who opens the mail pokes the thank-you-note writer and the letter gets written in 48-hours. Create a series of templates for donors who give multiple gifts. Watch this video on note content.
- A Board Culture that Embraces Helping with Fundraising
Yes, your board’s primary responsibility is to govern. However, to thrive nonprofits need board support. You influence what goes on the agenda and what you report to your board. How are you asking for and reinforcing the behaviors you want? See Guilty as Charged, Prove Your Board Supports Your Organization.
- A Procedure Evaluates to Evaluate Revenue Costs
As you continue to grow, you will discover even more revenue opportunities. How will you quickly determine your best options? Make it your habit now to evaluate your income, costs, and risks. Start by assessing the expenses involved with different streams. For example, “We received a grant for $5,000. It took us ten hours to write it and complete the site visit.” “A donor gave us $10,000. We had seven interactions with him before we closed the gift.”
Add Value today: Choose one of these processes to perfect and make waiting your best friend.
Tags: Added Value, decision making, fundraising, leadership, strategy