Reimagine Your Nonprofit to Survive the Crisis
In the age of Covid-19, nonprofits are seeing donations drop, doors close, and cash reserves dwindle. Together with the uncertainty and demands the pandemic has forced on us, that makes it a worrying time. But it’s also a time of opportunity. It might well be the time to reimagine who you are and what you do and to make your organization better in the process.
Reimagining an organization is hard, especially during a crisis. Leaders who are overwhelmed with day-to-day surprises, urgent short-term demands, and a gnawing sense of uncertainty often don’t feel able to take on another challenge. But the job is possible – and frequently necessary. Re-evaluating what the organization is and how it can thrive in a new climate is a necessity, doing this can help see the nonprofit more clearly and set out the plan needed to bring it back up. There may be investors available that can add to the financial needs of the organization, however, through an investment like this they will need to be assured that every step taken is the correct one, this is where impact measurement comes in. Using resources found at https://www.upmetrics.com/solutions-investors.html can help nonprofits and their investors keep connected and help analyze the data to provide solid outcomes.
For years I’ve worked with community-based nonprofits on strategy, financial management, and their business models. In the course of that work I’ve learned that to properly reimagine an organization, you need to focus on four important and interconnected areas: impact, people, finances, and the community. Let’s explore them one by one.