Less than you think.
But, still a lot.
Money is a tool. You need money to buy resources to support and further your entrepreneurial efforts.
Creating change is not free. If you’re an entrepreneurial leader, you need more resources than leaders satisfied with the status quo.
Revenue growth results from entrepreneurial leadership. Sometimes your income improvement is direct: you sell a new product or service. Sometimes it’s indirect: your initiative makes you more significant to donors, foundations, and corporations.
However, here’s where money is less important than you think of entrepreneurial leadership: Money is a means to an end. And what is that end? Mission results.
The entrepreneurial nonprofit leader recognizes that all growth involves money. It’s a necessary part of the calculation, like the multiplication and addition sign in an equation.
While money is never not part of the equation, money’s never enough for the entrepreneurial leader. Besides the cash, entrepreneurial leaders recognize that they need a vision and a community of supporters.
On vision, fellow consultant, and co-presenter on an Entrepreneurial Nonprofit Leadership event held recently. Gail Bower writes, “Your vision generates the passion that fuels you and your team. When you have a clear vision of your preferred future, you are also clear about uncertainty, your mission impact, and the value your organization delivers. Vision becomes the cornerstone for your programs and initiatives, the nature of your business model, which brings money and growth.”
“Attracting and retaining a generous community of supporters requires an innovative strategy, and most of all, it requires a shift in thinking,” said Kathy Kingston, another co-presenter. “Would it surprise you to know that your fundraising auctions and benefit events are an untapped, golden opportunity to connect your supporters meaningfully and deeply to what they love and care about most-by showing them how their gifts will positively impact the cause that impassions them?”
We’ve been flying in high orbit. Now, let’s switch to the nitty-gritty ground level. With the money you invest, and the money you grow, what are three critical services to buy to improve your entrepreneurial leadership? Here are my recommendations:
Want to know more about entrepreneurial nonprofit leadership? Please don’t hesitate to reach out. I’d love to help you to lead your organization with an entrepreneurial mindset.
For more answers, check out this Nonprofit CEO Library.
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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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