Fundamental Tips to Consider Before Launching a Nonprofit
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Fundamental Tips to Consider Before Launching a Nonprofit
A guest blog from Brittany Fisher from Financially Well with great resources on how to make a project like Bikes for Humanity PDX into 501c3 nonprofit :-)
Nurturing a nonprofit from a small startup to a high-performing organization isn’t easy. Getting off the ground is hard enough as it is, but maintaining momentum and growing a nonprofit is even more challenging. Your nonprofit will need a few fundamental elements in order to succeed—financial stability, strong leadership, and committed volunteers who are passionate about your cause. Thankfully, we’ve listed some resources below to help you achieve these goals!
Build a Strong Financial Foundation
Nonprofits will struggle without a good financial plan. From financial organization to funding, here are some resources that can help you build a healthy nonprofit business.
Work with an accountant who can help you get your books set up right from the start.
Automated accounting solutions are invaluable to busy business owners. Free up your time with these batch processing features from QuickBooks.
Create policies and procedures for financial tasks like receiving donations and creating receipts.
Review and understand your IRS reporting requirements.
Regularly examine your nonprofit’s financial reports to ensure you’re on the right track.
Learn How to Be a Great Leader
Effective nonprofit leaders play a key role in motivating and mobilizing board members, staff, and volunteers. Being a nonprofit leader involves making impactful decisions and handling times of crisis with limited resources.
Essential tech skills will help you leverage technology to save time, engage your community, and compete with other nonprofits.
Strong interpersonal skills will help you communicate your vision to board members.
Nonprofit leaders should also be great public speakers.
A nonprofit mentor can help you build these skills and navigate common leadership challenges as you settle into your role.
Recruit and Train Passionate Volunteers
Volunteers are one of your most valuable resources. Learn how to find volunteers who will support your mission and help your nonprofit grow!
You can find volunteers through social media, schools and universities, clubs, community groups, and businesses.
Consider setting up a virtual volunteering program so you can leverage talent from all over the world.
Running a nonprofit is a wonderful way to give back to your community. As with any type of business, good planning is essential to your success. Familiarize yourself with the startup process, establish a solid financial plan, find a mentor, and leverage technology to make the most of your time. With the right tools and resources on your side, you’ll have the best shot at success!