BUDGET TIPS FOR NONPROFITS.
The single most important thing you can do at the outset of your nonprofit adventure is to make sure your financial situation is as clear as day. Whether you are using your funding to hire an Accountant or doing it yourself, accounting is essential to understanding your current and future positions.
ACCOUNTING:
Know your financial situation. Know your income and expenses. What does it cost you to run your organization annually? EVERY Nonprofit MUST know this.
HAVE A STRONG DIGITAL PRESENCE
There is no excuse anymore not to be online. Your ability to afford a website is no longer an excuse. There are several platforms, where your nonprofit can be present on and we will even share some free platforms tomorrow in our newsletter.
TECHNOLOGY:
It is beneficial for many nonprofit organizations to spend a little money to save a lot of time. The best way to make that happen is with the use of technology. Conduct a technology assessment to determine what tasks need to be done, which ones can be automated, and how much it might cost to achieve.
UNBOUNCE OR DISHA PAGES:
This is a great place to start. Their simple landing page builder can get your brand and mission statement online quickly and easily, without having to take a big chunk of your money to pay a developer. https://disha.ng/pages/
CUSTOMER RELATIONSHIP MANAGEMENT:
One of the hardest things about running a nonprofit is organization. Keeping all of your ducks in a row, from donor data to staff communications, can be a daunting task. The Customer Relationship Management (CRM) software helps you track all of your organization’s relevant information in one spot, allowing you to manage contacts, identify opportunities, and build better relationships.
TRAINING AND DEVELOPMENT:
If you are at the inception of your organization, consider building a foundation of knowledge for you and your staff by investing in training and development. Depending on your nonprofit, it may be worth your time and money to work with a consultant who understands nonprofit startups to learn more about best practices for nonprofit management, fundraising, communications, and more. You can talk to us or participate in this program HERE https://forms.gle/4KbaYEJRaSamBHg76 with your team members.
TEAM HIRES:
To hire staff, you need to pay competitive salaries, and those salaries are ongoing year-after-year, whereas your grant may not be. So when deciding whether to hire for a role, consider the human resources you already have in place, what can be automated, and what can be outsourced.
These are some key roles to hire early;
Communications/Marketing
Program Assistant
Grant Writer.