Tag Archives: Forbes

10 Strategies To Successfully Start, Fund And Run A Nonprofit Organization

 

I am so pleased to share UniversalGiving™ was featured in a Forbes Expert Panel article. This article focused on giving advice to anyone who is looking to start a nonprofit and you can see answers from the rest of the community here. Scroll down to see our response on how a wonderful board can help build support and credibility for your nonprofit!

 

 

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5. Build Your Board Early

“People might like your idea, but they want to know who is behind it. Get strong, caring and well-connected people on your board. This provides credibility and support. People want to know who is involved, besides you and your staff. That builds momentum, experience and wisdom into your efforts early on.”

 Pamela Hawley, UniversalGiving

 

 

 

What Will Nonprofits Look Like In 2025? Nine Experts Weigh In

 

I am so pleased to share UniversalGiving™ was featured in a Forbes Expert Panel article. The question was “What factors will influence or change the way their organization functions over the next several years?” and you can see answers from the rest of the community here. Scroll down to see our response on how data will change how nonprofits operate!

 

 

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“With data analytics and machine learning, we’ll be able to forecast our futures. This is true for our program services, as well as for our funders. Data analytics will help us understand how people operate and patterns of behaviors. We will adjust the services we provide based on this learning. Similarly, we will know how funders operate and how much and when to ask for funding.”

 Pamela Hawley, UniversalGiving

 

 

 

Seven Tried-And-True Alternative Forms Of Funding For Nonprofits

 

I am so pleased to share UniversalGiving™ was featured in a Forbes Expert Panel article.  The question is where do nonprofits look for alternate sources of funding and you can view many answers from our nonprofit community here. Scroll down to see our response on how fun fundraising dinners can make a difference!

 

 

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7. Fun Fundraising Dinners

 

“We love fundraising dinners. You can contact a local restaurant, and they will often donate a portion of their receipts to you! It’s fun, engaging and brings your supporters together. You can talk about your mission, have a roundtable on what people love about your organization and build culture and funds at the same time. You do need to market!”

 

 Pamela Hawley, UniversalGiving

Embrace Simplicity In 2019 With These 10 Campaign Tips

 

I am so pleased to share UniversalGiving™ was featured in a Forbes Expert Panel article.   The question is “How do they plan to embrace simplicity in their campaigns this year?” and you can view many answers from our nonprofit community here. Scroll down to see our response on how “$25” and “friends” can make a difference!

 

 

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Make A Specific Request

 

“Ask your supporters to introduce you to just one other friend, with a specific request they give $25. It’s a simple, specific request. And you’ve gained a new supporter! Start a campaign: “25 for $25!” Get 25 supporters to ask a friend for $25, and measure results. The point is not how much money, but that you get them engaged and develop the relationship from there. This can be done at any time!”

– Pamela Hawley, UniversalGiving™

 

 

 

The Professionalization of Charities: What Nonprofits and For-Profits Can Learn From Each Other

 

We’re excited to announce our Founder  and CEO Pamela Hawley was just featured in Forbes publication! The article is entitled The Professionalization of Charities: What Nonprofits and For-Profits Can Learn From Each Other, and was published on January 11, 2018. Please see below!

 

 

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As stated in an article by The Economist (subscription required), “Nonprofit organizations are learning lessons from businesses. And businesses are learning from charities”

I love that people are seeing that the for-profit sector and nonprofit sector can learn from each other. Nonprofits are reassembling more and more like businesses. They might have storefronts, generate revenue, maintain contracts and create strong brands.

“That shift is global,” according to Lester Salamon of Johns Hopkins Centre for Civil Society Studies.

 

 

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Based on my experience in the nonprofit industry, here are five areas in which I believe nonprofits can learn from for-profits:

1. Efficiency: Nonprofits can be more efficient by watching how for-profits measure results. They, too, can think about their services in terms of having clearer, more tangible results.

 

 

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2. A Strong Board Of Directors: Public for-profits create strong boards of directors. They know that having a board of directors can provide them with introductions and strong funding and can help to push the organization to another level. Nonprofits should follow this aim.

 

3. Generating Revenue: For-profits need to generate revenue to survive. I would say that the same should hold true for nonprofits. Try to have that standard.

 

 

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4. Employee Benefits: For-profits often provide more employee benefits. Nonprofits should do the same. They can be different types of benefits, such as letting your employees leave at 5 p.m., and providing more balance as well as more vacation time. These are important benefits that don’t have to cost too much and encourage increased morale and team spirit.

Next, let’s review the ways for-profits can learn from nonprofits:

1. Mission-Oriented

Based on my perspective, for-profits have a tendency to get caught up with results and sometimes lose their sense of purpose in why they’re doing what they’re doing. Public companies may feel focused on the stock market, for instance. For some for-profits, it may help to refocus on the mission to keep the soul of the company alive.

2. Positive Culture

There are many for-profits out there that drive relentlessly on results and forget about the people working at their organization. While they may provide bins of yogurt pretzels, cereal, candy, free dinners, pet grooming, laundry facilities and the like, there’s nothing that replaces good old appreciation and kindness in the day-to-day office life. At the end of the day, environment counts for a lot more than some for-profits might realize.

 

 

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As the Harvard Business Review states, “While a cut-throat environment and a culture of fear can ensure engagement (and sometimes even excitement) for some time, research suggests that the inevitable stress it creates will likely lead to disengagement over the long term.” Based on my perspective, that’s because they aren’t conscious, caring and owning their relationship with the company. They are halfway out the door or already checked out.

Additionally, “The State of the American Workplace” report by Gallup, which measures employee engagement, found that “work units in the top quartile in employee engagement outperformed bottom-quartile units by 10% on customer ratings, 22% in profitability and 21% in productivity.” High engagement also resulted in less absenteeism and turnover.

Not caring is not good for business. Some for-profits can benefit from changing their approach to increase their team’s engagement.

 

 

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3. ‘Doer Organizations’

Nonprofits don’t have the time to strategize, sit back in their chairs and analyze from above. They have to be both strategic and tactical. They have to care about both the long-term strategy and the day-to-day execution. Most nonprofits don’t have a lot of resources, so pretty much everyone on the staff is a “doer.”

Yet, for-profit companies often have a lot of fat. That middle layer at companies may be wasting company time, but the company has gotten too big to manage everyone effectively and resourcefully. Most nonprofits simply don’t have money to waste on this.

Your people should be there because of their heart and commitment. They are there to achieve a mission and change the world. Having team filled with doers can create strong, long-term cultures that can positively impact both nonprofits and for-profits.

 

 

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I believe both sectors should converge to learn from each other. Both have healthy aspects that need to be practiced. As a nonprofit, be proud of what you have to offer for-profits. And make sure you take the lessons learned from for-profits so that you can create a top-running organization.

The Professionalization of Charities: What Nonprofits and For-Profits Can Learn From Each Other, Part Two

 

We’re excited to announce our Founder  and CEO Pamela Hawley was just featured in Forbes publication! The article is entitled The Professionalization of Charities: What Nonprofits and For-Profits Can Learn From Each Other, and was published on January 11, 2018. Thank you for reading part one of her article and please see below for part two of her article.

 

 

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Next, let’s review the ways for-profits can learn from nonprofits:

1. Mission-Oriented

Based on my perspective, for-profits have a tendency to get caught up with results and sometimes lose their sense of purpose in why they’re doing what they’re doing. Public companies may feel focused on the stock market, for instance. For some for-profits, it may help to refocus on the mission to keep the soul of the company alive.

2. Positive Culture

There are many for-profits out there that drive relentlessly on results and forget about the people working at their organization. While they may provide bins of yogurt pretzels, cereal, candy, free dinners, pet grooming, laundry facilities and the like, there’s nothing that replaces good old appreciation and kindness in the day-to-day office life. At the end of the day, environment counts for a lot more than some for-profits might realize.

 

 

lycs-lycs-744230-unsplash.jpg

 

 

As the Harvard Business Review states, “While a cut-throat environment and a culture of fear can ensure engagement (and sometimes even excitement) for some time, research suggests that the inevitable stress it creates will likely lead to disengagement over the long term.” Based on my perspective, that’s because they aren’t conscious, caring and owning their relationship with the company. They are halfway out the door or already checked out.

Additionally, “The State of the American Workplace” report by Gallup, which measures employee engagement, found that “work units in the top quartile in employee engagement outperformed bottom-quartile units by 10% on customer ratings, 22% in profitability and 21% in productivity.” High engagement also resulted in less absenteeism and turnover.

Not caring is not good for business. Some for-profits can benefit from changing their approach to increase their team’s engagement.

 

 

rawpixel-788601-unsplash.jpg

 

 

3. ‘Doer Organizations’

Nonprofits don’t have the time to strategize, sit back in their chairs and analyze from above. They have to be both strategic and tactical. They have to care about both the long-term strategy and the day-to-day execution. Most nonprofits don’t have a lot of resources, so pretty much everyone on the staff is a “doer.”

Yet, for-profit companies often have a lot of fat. That middle layer at companies may be wasting company time, but the company has gotten too big to manage everyone effectively and resourcefully. Most nonprofits simply don’t have money to waste on this.

Your people should be there because of their heart and commitment. They are there to achieve a mission and change the world. Having team filled with doers can create strong, long-term cultures that can positively impact both nonprofits and for-profits.

 

 

rawpixel-651327-unsplash.jpg

 

 

I believe both sectors should converge to learn from each other. Both have healthy aspects that need to be practiced. As a nonprofit, be proud of what you have to offer for-profits. And make sure you take the lessons learned from for-profits so that you can create a top-running organization.

The Professionalization of Charities: What Nonprofits and For-Profits Can Learn From Each Other, Part One

 

We’re excited to announce our Founder  and CEO Pamela Hawley was just featured in Forbes publication! The article is entitled The Professionalization of Charities: What Nonprofits and For-Profits Can Learn From Each Other, and was published on January 11, 2018. Please see below!

 

 

250x250 C_3x.png

 

 


 

As stated in an article by The Economist (subscription required), “Nonprofit organizations are learning lessons from businesses. And businesses are learning from charities”

I love that people are seeing that the for-profit sector and nonprofit sector can learn from each other. Nonprofits are reassembling more and more like businesses. They might have storefronts, generate revenue, maintain contracts and create strong brands.

“That shift is global,” according to Lester Salamon of Johns Hopkins Centre for Civil Society Studies.

 

 

rawpixel-558596-unsplash.jpg

 

 

Based on my experience in the nonprofit industry, here are five areas in which I believe nonprofits can learn from for-profits:

1. Efficiency: Nonprofits can be more efficient by watching how for-profits measure results. They, too, can think about their services in terms of having clearer, more tangible results.

 

 

rawpixel-983726-unsplash (1).jpg

 

 

2. A Strong Board Of Directors: Public for-profits create strong boards of directors. They know that having a board of directors can provide them with introductions and strong funding and can help to push the organization to another level. Nonprofits should follow this aim.

3. Generating Revenue: For-profits need to generate revenue to survive. I would say that the same should hold true for nonprofits. Try to have that standard.

 

 

rawpixel-602154-unsplash.jpg

 

 

4. Employee Benefits: For-profits often provide more employee benefits. Nonprofits should do the same. They can be different types of benefits, such as letting your employees leave at 5 p.m., and providing more balance as well as more vacation time. These are important benefits that don’t have to cost too much and encourage increased morale and team spirit.