Nobody said that running a nonprofit was going to be easy. What it can be, however, is rewarding. Follow these simple tips to help guide you find success–and maybe even change the world.
- Write a Clear Mission Statement. The eloquence and preciseness of your mission statement really counts when it comes to convincing donors that your company is the one that they should give their hard-earned money to. More importantly, however, having a clear mission statement will help you are your not-for-profit on the right track. It’s a big world and there are lot of things we would all like to change–but if your company is going to be successful, focus is very important.
- Keep Thorough Records. This is a good business practice in general–but it takes on a new importance when good records can be the difference between keeping or losing your NFP status.
- Care for and Cultivate your Sources of Funding. Seek new sources of funding constantly. Send handwritten letters or even small personalized gifts to those who have made a difference. Funding is the lifeblood of any small profit–investing time and effort into this is never a bad idea.
- PR and Promotion Matter. PR and promotion are two more elements of business that becomes especially important for NFP companies–after all, you rely on the community, so maintaining a good, active public image is very important.
- Delegate. Beware of founder’s syndrome–sometimes it is necessary to delegate important tasks to people you can trust. You can’t do it all.
- Take Advantage of the Perks. Many individuals and institutions around you are looking for the chance to do good and help a local non-profit–so take them up on their offers. Here at People’s Host, for example, we offer free hosting for not-for-profit institutions. Visit us online today for more information!
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