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Within the Not for Profit (NFP) sector, significant differences exist in the form and content of financial reports (or financial statements) prepared by NFPs. These differences arise due to the wide range of activities NFPs are involved in, the needs of different stakeholders, the legal form of the NFP, and the different laws and regulations […]
“If the rate of change outside the organisation exceeds the rate of change inside the organisation, then the end is near.” – Jack Welch Whilst we intrinsically know this to be true, we often fail to take the first steps in leading our teams into the unknown. We understand the logical need to leave the […]
Many organisations are faced with the reality that they need to become more market-focused in order to compete. It’s vital that Boards and executives focus on how they can best market their organisation to ensure its future sustainability. Below are our top 7 tips for creating a marketing plan that actually works: Don’t jump the […]
Your constitution defines the rules by which your Not for Profit organisation is legally able to operate. It is important that those rules represent what you do and that they are accurate and up-to-date. How do you respond to the ten questions below? Have you reviewed your constitution in the past 2 years? Do the […]
Attract, develop and retain: three of the biggest challenges facing the Not for Profit sector, just behind funding insecurity. It is estimated that the cost of replacing a position is around 150% of the annual salary for that position. So it’s no wonder that attraction and retention are amongst the greatest concerns for NFP executives, […]
“Branding” is a word we in the NFP sector are hearing more about every day. While it’s used more in a private sector context, if we are switched-on and want our NFP organisations to flourish, we must understand what it means and in most cases apply some thought to our agency’s branding. All of us […]
Do you know the financial health of your organisation? How do you ensure revenues are meeting strategic targets? How will you manage costs to achieve greater levels of efficiency and effectiveness? How can the organisation build a cash reserve? These are clear aims for most organisations BUT for many they are seldom achieved. This is […]
Not for Profit Boards face many of the same corporate governance issues which arise in for-profit companies. The Board and thus each Board Member is individually and collectively responsible for ensuring that the organisation is effectively managed, meets all legal requirements and remains accountable to its members and other stakeholders. To be an effective Board […]