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Is your nonprofit running like a business?

Posted By Erica Crenshaw, Execute Now!, Tuesday, March 20, 2012

Funders often want nonprofits to operate more like businesses. Aspiring grantees are often accused of having lofty goals but no solid plan backed by financial realities.

"Where's your business model?" they may ask.

Nonprofits, for their part, are often underfunded and can't afford to keep senior or other highly-qualified employees who can run the organization in a businesslike manner. The problem remains cyclical; therefore, solutions are rarely reached.

Absolute transparency is something else funders say is lacking when nonprofits ask for a specific grant or donation amount. The need for the funding is explicitly communicated, but exactly how the dollars will be spent is not so clearly expressed.

There's a reason for this....  [Click to read more at Finance Fundamentals]

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