Stop Taking Tiny Steps When Large Ones Are Needed
In a book about companies that survive for hundreds of years, The Living Company, author Aries de Geus recognized that enduring companies “reacted early rather than later, by foresight rather than catch-up.”
Here’s an example to consider:
Instead of laying staff off during the Great Recession, Steven Koch made two salary cuts at Big Brothers Big Sisters of Tampa Bay. He made one 5 percent cut at the end of the first quarter when their income fell below expectations. Less than a year later, he enacted the second cut of 9 percent. “I wish I had done it sooner and at a higher percentage.”
Despite this hindsight, Koch emerged from the recession with his staff intact. Many nonprofits did not.
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.
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