Verne Harnish collects thought leaders twice a year to help businesses and nonprofits who want to grow. Scaling Up philosophy is that to 10X your business, you have to 10X your people. And to 10X your people, you have to 10X yourself. Summits are two days of nonstop quality ideas – like getting a drink from a high-pressure hose. One company brings along a secretary just to take 25 pages of notes to review afterward.
Scaling Up Summits and Coaching are an
investment of time and money with the promise that your nonprofit will get
tools to grow.
There is also a cheap approach
to the firehose if you’re not sure. Buy the books now that Summit speakers have
written and you’ll be convinced of the value.
Reading is a Cheap Way to Drink at the Firehose
I have started to read a book a
week to get ready.
Last week, I read a book from
one of the Summit speakers who will be in Atlanta in May. Mariya Yao wrote
‘Applied Artificial Intelligence – A Handbook for Business Leaders.’ It’s an
easy read and gets leaders up to speed on using Artificial Intelligence in your
nonprofit. (Spoiler Alert – you are already using weak artificial intelligence,
so you have started!)
I’ve been scared of Artificial
Intelligence because it sounds expensive. It sounds like new software ($$$) and
new staff to understand the software ($$$) with me to raise the money ($$$$)
Mariya begins with the cheapest
of ideas -what do you want to know? Artificial intelligence starts with the
intelligence of leaders! Who knew? I actually brought managers together last
Thursday to ask that question. What a great session as people gave different
ideas as to why the school is so successful. I made a tool to guide our
discussion. Email me if you want to try something with your team and I’ll send
Join Me in Atlanta, Invest in Future
Join me in Atlanta after you
read a book and see what you’ll will get. Invite board members too. We’ll have
a late night session Tuesday night to meet and review the day. Text me before
you register because there is a nonprofit rate.
I stopped rolling pennies to take to the bank. I realized that I can only fill, tape, and address a roll of 50 cents every five minutes. My maximum profit is $6.00 per hour and it’s cheaper to use the machine at the grocery store!
Now the same process is happening at the school that I direct. 75% of the money that parents pay is with an app that we provide for their phone. The payment flows directly to the bank for the school and eliminates a physical deposit. The software automatically updates their account on student billing and also adds the revenue to the general ledger. Several tasks are reduced or eliminated.
Now the school is automating accounts payable for trusted vendors. And preparations are underway for triple entry bookkeeping with Blockchain to pay all vendors automatically. There will be no more audit sampling because every transaction will be proven with blockchain.
What does it mean for you as a leader? Accounting staff positions are changing steadily. Will anything be left? How should you arrange your projected Operations Budgets?
The Institute of Management Accountants just had the slide below in a presentation. It shows that nonprofits will still need an accountant who gives financial advice for management decisions. And your budget should include more money for the software that automates the transactions.
Are you leading a nonprofit and don’t feel prepared for the winds of change? Check with me because Cash and Execution Decisions are part of business coaching.
Is your nonprofit about to lose money while you take a few well deserved days off? Can you afford to be home at Christmas?
In 2013, 19,000 children were told to take care of themselves every day of the government shutdown. Headstart had to close until government restarted..
I coach nonprofits to build a secondary source of funding. We live in a time of divided government where one party wants to shrink taxes and government provided services. Many fine organizations do not have the cash reserves to lose $100,000 in a shutdown and never get it back.
If you are in trouble, write to me and I’ll give you some ideas to survive through the President’s funding cutoff.
I enjoy work as a bridging person between communities…..
I visited Cambodia nine times after the war. For safety, I chose trusted Khmer friends and did exactly what they told me to do. In areas of landmines, I walked in their exact footsteps. It’s humbling to be dependent — but I lived! More recently, my school started services to Bengali-speaking families. I visited a mosque. I listened to community leaders. At times, humility equals marketing. – Ronald Tompkins,82nd Street Academics
This employee disease was only discovered in 1999 by psychologists at Cornell. They studied people’s self confidence even when employees had no idea what they were doing. In one study, 42% of employees reported that their productivity was in the top 5%!
The Vaccination Approach
They found that we all have blind spots where we are less capable than we assume. Most of us don’t go for radical treatment. We accept some professional development or read an occasional article. It’s like a vaccination so that we don’t fall hopelessly behind at work.
The real cure is prevention. If you develop a love for learning, you will self correct your blind spot by listening to the insights of others. Warren Buffet told a graduating class of MBAs that they would not accept his best advice – read continuously every day.
The Terminally Stupid
Sadly, there are some employees who glory in their inability. They confidently break every process that they encounter because they are so sure that they’re right. I’ve had such a staff member and wondered if I was wrong instead of them. They are so confident!
If you have inherited some long term Dunning Kruger, it can be a serious impediment to turn around or scale the company. Don’t delay treatment.
Healthy people decisions have the most impact on any company and getting rid of Dunning Kruger is critical to health.
A new survey of 2,100 people has found that only 19% of Americans really trust nonprofits and religious groups. The best news that we can take from this report is that they don’t distrust us as much as they distrust other companies and government.
We live in an age of Fake News. We have Wikileaks, Trump, and the Russians pushing out Fake News and accusing mainstream media and others of Fake News. Our nation has caught the Fake News Flu and is now vaccinated against most institutions.
Rusty Shelton, author of Authority Marketing says that people trust people more than institutions. We tend to buy from stores where we know someone. We live in an atmosphere of high suspicion.
There is more need than ever for Strategic Planning. There are 1.5 million nonprofits in the USA. Many are engaged in critical and worthwhile services. With planning, Fake News Flu is just another challenge that can be overcome. If I can help, email me at Ronald.Tompkins@TAConsulting.live to get a conversation started.
PS. Here’s the link to the entire report. https://www.give.org/docs/default-source/donor-trust-library/give-org-donor-trust-report.pdf