This webinar has 18 possible sources of 90 days of cash while you make your real plan.

This webinar has 18 possible sources of 90 days of cash while you make your real plan.
What happens when you work hard to lead your nonprofit and don't see results? Simon Sinek has five rules to help.
Battling with the Board? Frustrated by Fund Raising? Join me for a Zoom Executive Director Cocktail Hour at 5pm Eastern on Thursday, December 20. Bring your own wine and hors d’oeuvres. I’m your host. Ronald Dale Tompkins. As with all good cocktail hours, I’ll have questions such as who is the most interesting person you met this month? Who is your most successful client this year? And what do you need to solve before you enjoy your holiday feast? Register at the link below and see you soon!
You are invited to a Zoom meeting.
When: Dec 19, 2019 05:00 PM Eastern Time. Click HERE to Register in advance for this meeting:
After registering, you will receive a confirmation email containing information about joining the meeting.
It’s almost impossible to lead a nonprofit! You know what I mean if your December fund raising is less than target. Low margins and not much access to capital markets make a day by day challenge.
The burden of organizational success becomes concentrated in the Executive Director with little money left to hire appropriate expertise in development, accounting, and HR (Alice Korngold).
Coaching doesn’t remove the challenge but coaching helps you to reorganize resources and make a plan. Join me for an ED Holiday Cocktail Hour on Zoom, Thursday, December 19th at 5pm Eastern. Bring shrimp, wine, and questions for an hour together. Cheers!
You are invited to a Zoom meeting. When: Dec 19, 2019 05:00 PM Eastern Time, Register in advance for this meeting: https://zoom.us/meeting/register/u5AvdumurDIv8qFtebIgBMi6fZ4KP9sjXg
NonProfits rarely see the need to find a business partner. At best, they find a favorite auditor, attorney or supply vendor and essentially develop no-bid contracts with their favorites. Stuart Mendel and Jeffrey Brudney found that nonprofit and business partnerships were only 10% of partnerships.
Partnerships mean that both partners get something that they want from the relationship. Nonprofit CEOs are nervous about relationships that might make a business – more profitable. Actually, every time that you pay your auditor, I assume that they get richer! So there is nothing illegal or unethical about partnership with business.
What are bad partnerships with Business?
Brand Risk – The biggest risk is Brand risk. If you choose to partner with businesses that don’t match your values, mission, or values of your clients, you can seriously damage your brand. Partnerships with business should hire a coach to help you review partner proposals with your leadership team, board, and stakeholders before you proceed. For example, the company in New York that has done audits for Mr. Trump also pushes aggressively in the nonprofit space locally. Would it affect your nonprofit brand if you chose the same auditor? What questions would you raise before you made the decision? Your coach can help.
Kentucky Fried Chicken partnered to give money for breast cancer cure. They printed a month of pink buckets for chicken. Media quickly seized on the links between calories, obesity and breast cancer. There was nothing unethical with the business relationship but the nonprofit failed to consider key implications of their brand. Proceed slowly and use a coach!
Process Risk – A second risk is process risk. The processes and corporate cultures of all companies are far different. When any two groups develop a partnership, there needs to be a written charter that the coach helps you to carefully spell out details
Both Brand Risk and Process Risk can be managed. Leaders lean into the danger, use a coach, and do risk management! You can partner with business.
What’s a good reason to partner with Business? Mendel and Brudner list four reasons and I add two more!
Conclusion: Partnerships are critical in the growth of nonprofits and often welcomed by business. You will be treated as a co-equal partner by the right Business. Remember:
Apply today to be one of five nonprofit leadership teams to receive an analysis and two free hours of coaching in December or January, My idea of Giving Tuesday to help partners in stress.