Gail BowerThis blog will help you and your organization flourish.
Find provocative ideas, strategies, and best practices to increase your organization's visilibity, revenue, and impact.
Your comments, questions, and topic suggestions are welcome.
Enjoy!
Looking for more information on corporate sponsorship? Visit Sponsorship Strategist, for buyers and sellers of corporate sponsorship.
If your organization’s approach to how you conduct business — and specifically how you generate revenue — could be described as either “more of the same” or “just like everyone’s doing it,” you may have a serious blind spot.
In a recent survey of nonprofit leaders about earned revenue, 17 percent said understanding the risks and legal issues was important to them. To clear up confusion and provide insights, I turned to my friend and colleague, nonprofit attorney Morgen Cheshire and founder of Cheshire Law Group in Philadelphia to guide us.
An important member of your advisory team on earned revenue is your accountant or auditor whose ideas and counsel can save you surprises at tax time. For insights about tax and other planning issues, Gail Bower turned to colleague Bruce W. Braunewell, Principal at CliftonLarsonAllen LLP.
Hundreds of nonprofit leaders across the country shared important questions they had about earned revenue and how this source could be of benefit to their organizations, supplementing less reliable philanthropic revenue. During a webinar on earned revenue I presented last week, I answered many of these questions, but there were still lots of good ones that remained unanswered. This post, along with a Guide to Earned Income I compiled, attempts to answer more.
Your organization undoubtedly offers programs and services to one or more audience or constituency. You’re likely quite proud of your services, and your team strives to improve quality and impact. Here’s a question for you: Have you ever considered how well you’re pricing those services? Or have you defaulted to “free”? Default, of course, is not sound strategy. And free may or may not be sound strategy.
May 23, 2017