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Sharing the news, tips, press releases, special offers and upcoming events posted by LANO members. Share your good news here! Feel free to cross post the blog links to your Facebook or other media pages, or to email them directly to friends.Please allow 1-2 business days for your blog to appear on the network.

 

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Economic logic makes your business model more durable

Posted By Erica Crenshaw, Execute Now!, Tuesday, September 25, 2012

There's a lot of discussion about business models today because nonprofits realize they operate in a fierce economy just like corporations. Nonprofits shoulder the incredible task of doing more with less despite increasingly competitive resources. They tackle more business-like practices while not losing sight of their imperative...

Test your business model's durability at the Finance Fundamentals Blog

 

by Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.

 

Tags:  Execute Now!  Finance Fundamentals 

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Government funding: Overcoming too little and too late

Posted By Erica Crenshaw, Execute Now!, Tuesday, September 11, 2012

According to the Nonprofit Finance Fund's 2012 Survey Results, more than 75 percent of nonprofits depend on federal or state funds. Yet, these contracts often fail to cover the full cost of the program but also over half these contracts are paid behind schedule. If the majority of nonprofits depend on resources that are too little and too late, there are several strategies you should put to work in your organization.

While rural nonprofits are particularly affected by these sobering funding statistics, my team at Execute Now! has actually observed this problem across the board with virtually all organizations that tap state government resources. If you plan to make federal or state funding part of your funding mix, we'd like to offer the following strategies...

Read recommended strategies at the Finance Fundamentals blog

 

By Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.

Tags:  Execute Now!  Finance Fundamentals  government funding 

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Part two: Build a financially strong nonprofit with cash flow management

Posted By Erica Crenshaw, Execute Now!, Tuesday, August 28, 2012

As we discussed in the first installment on this subject, financial vulnerability isn't something we readily discuss with one another. Yet, it's one of the most important core competencies in leading your nonprofit organization.

In my last post, we explored the importance of understanding and legitimizing your overhead expenses with donors and funders. Low levels of overhead funding leave nonprofits financially vulnerable, which directly impacts the quality of your programming. Setting cash flow goals, acknowledging the factors that may impact cash flow and monitoring your cash flow position are a few of the most important strategies for building your...

Read more at the Finance Fundamentals blog

 

by Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc. 

 

Tags:  cash flow  Execute Now!  Finance Fundamentals 

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Build a financially strong nonprofit with cash flow management

Posted By Erica Crenshaw, Execute Now!, Tuesday, August 14, 2012

Financial vulnerability isn't something we readily discuss with one another, yet it's one of the most important core competencies in leading your nonprofit organization. In my last post, we discussed the importance of understanding and legitimizing your overhead expenses with donors and funders. Low levels of overhead funding leave nonprofits financially vulnerable, which directly impacts the quality of your programming.

Below are a few of the most important strategies for building your financial stability:

1) Set cash flow goals

2) Acknowledge the factors that may impact cash flow

3) Monitor your cash flow position

 

Click here to read more in the Finance Fundamentals blog

 

By Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.

 

 

Tags:  Execute Now!  Finance Fundamentals 

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Part two: Is your organization thirsty for overhead support?

Posted By Erica Crenshaw, Execute Now!, Wednesday, August 1, 2012

In part one of this post, I illustrated your organization's need for overhead support is analogous to our thirst for water.

If you were desperately thirsty for a drink of water, you wouldn't fill a funnel; you would fill a glass.

The same theory applies to your organization. While fundraising is paramount in any nonprofit, filling the glass in your nonprofit involves the equally important task of financial accounting and management.

Nonprofits who disregard the importance of financial management know-how are allowing much-needed funding slip through the funnel and into the glasses of more savvy beneficiaries.

Soundly managing your hard-earned dollars involves three steps.

Click on the link below and visit the Finance Fundamentals blog, free to LANO Members and Friends.

1) Recognize that your fundraising results are only as good as your diligence.
2) Analyze your true overhead costs.
3) Legitimize funding for programs and overhead.

 

Read about these three steps at Finance Fundamentals

by Erica McGeachy Crenshaw, President/CEO of Execute Now!

 

Tags:  Execute Now!  Finance Fundamentals 

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7/23/2019
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