Management Features

Management Features (393)

Do you want to start a nonprofit?

So many people launch a nonprofit to help others. The problem is that they don't realize that their own profits could use some help too. Just like any business, nonprofits need to focus on making the most of their resources. For example, if you're a doctor selling an overpriced medical device, you might want to get out of the business as soon as possible. But without a sizeable stock of your product or service, you're just wasting money and effort. If you're a financial advisor offering discounted investments or mortgages, then it's time to invest in your brand and become profitable again.


Enterprise Technology is the Key to Improving Donor Relations

What are the different ways technology can help build trust with donors? 


Your Plan for This Year

Whether you are an established or a new nonprofit, there is always room for assessing, updating and adding on your fundraising strategies. To help you achieve this, there is a need for a comprehensive nonprofit annual plan. We have developed helpful tips and things that you need to understand to guide you when developing the correct annual planning for your charity. 


Getting Fundraising Right

The primary reason most nonprofits suffer is that they don’t have enough money to continue their missions. That’s right, even though you may have the best intentions in the world, if you can’t persuade donors to contribute to your cause, you will inevitably fail. This problem can be solved by understanding what motivates people to give money. To help with this, researchers conducted a study titled “Impact of motivation on donation behavior”.


Technology, Education, and Nonprofits in the Time of COVID-19

Since March 2020, teachers and schools have faced a host of challenges involving COVID-19. From student connectivity to conducting group discussions online, remote learning has been a learning exercise: an exercise for nonprofits—namely, public schools—in redefining education and the approach teachers take toward shaping the classroom experience.


Give Your Employees Effective Incentives

Nonprofit organizations often face challenges related to resources and capital to spend compared to the for-profits. This affects how they offer compensation packages to their employees. However, most employees in nonprofits choose to work there because they believe in their cause, mission and philosophy. Regardless of their belief in the cause, any human appreciates incentives and recognition. Therefore, employers who create effective incentive programs are likely to find the best workers and fully engage them. The right incentive programs include tangible rewards for employees that show strong performance. While for-profits can offer their best-performing employees incentives such as cash bonuses, wage increases or expensive gifts, nonprofits cannot afford this due to a lack of budget. However, they can develop reward schemes that help boost the workforce's morale but do not affect the organization's financial standing. Here are some approaches you can take when doing this.


How to Prepare Your Boardroom for Success in 2022

The COVID-19 pandemic forced nonprofit boards to change how they operate. Boards went from working in person to working fully online in a matter of days. This sudden shift left board members wondering what the best use of their time was. We wanted to find out how boards felt, so we collected data from over 900 Boardable users to see what trends boards are expecting in the new year. Here’s what we found and how you can prepare for these changes.


Thank Your Contributors to Kick off the New Year

As the year ends, everyone hopes that a new year brings better results. While many people wish their family, friends and colleagues a Happy New Year, most do not thank their contributors and customers before the start of another year. Although wishing someone a Happy New Year is a good thing, saying “thank you” is even better. As simple as it may seem, an unexpected “Thank You” is like a surprise gift. It makes a person feel appreciated and valued. For nonprofits, thanking your donors, volunteers and supporters is essential and can be a powerful and cost-effective way to show how you value and appreciate them and soften their hearts for more contributions. As you begin a new year, remember to thank your donors by saying how much you appreciate their efforts and remind them of the importance of the work that your organization is doing and what their contributions are helping you achieve your goals.


What Makes It a Nonprofit?

When you want to start a business, you will undoubtedly hear terms like “limited liability company,” “nonprofit,” and “not-for-profit,” among others being mentioned. While it can be easy to ignore these terms and what they mean, they are crucial for the future and direction that you take as an organization. Unlike for-profits, nonprofits and not-for-profits have different models, and their taxation, governance and functions are different under the law. Nonprofits and not-for-profits contrast with the for-profits in how they are run and taxed. Here are the things you need to know about for-profits, nonprofits and not-for-profit ventures so that you can find out which one is the right one for you.


Rules for Nonprofits

While it may sound simple, nonprofit governance is not an easy task. However, it can work well for organizations that do not want profits as part of their mission or purpose. Starting from your board, you need to consider many essential components and rules before venturing into the nonprofit governance structure. For organizations such as those in arts, conservation, health, or religious activities, this structure is the right one. The importance of this structure is that when you receive non-profit status, you get to keep more money for your cause. Here are rules you should understand if you intend to start a nonprofit.


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