Successful nonprofits determine one key income stream to grow. They pick one that works best for their work (one size does not fit all.) Then they become a world-class expert at obtaining that revenue. Yes, nonprofits mix and match seven different income streams. To thrive, however, they focus. Once they know the source, they engage everyone to help grow it. ( See Let’s Raise Nonprofit Millions Together.)
Karen Eber Davis provides customized advising and coaching around nonprofit strategy and board development. People leaders hire her to bring clarity to sticky situations, break through barriers that seem insurmountable, and align people for better futures. She is the author of 7 Nonprofit Income Streams and Let's Raise Nonprofit Millions Together.
If you appreciate these Added Value posts, please consider subscribing.