Create a True and Honest Budget For Your Nonprofit
I was emailing back and forth with a prospective client. I asked why he’d reached out? His answer was simple...
"We want to start raising to our org’s true & honest budget every year."
Seems simple, right? Well, if it were that easy everyone would be doing it.
[And for real….I have this conversation daily] Here’s how it goes:
"Our budget for next year is $3.4M."
❓Is that a squeak-by budget?
🟰Yes
❓Is that number based on last year and a little more?
🟰Yes
❓Does it include what you really need to retain staff & propel growth?
🟰No
❓Does it include a number that builds your reserve fund?
🟰No
❓Does it include staff & resources that would yield $3.4M?
🟰We don’t know.
In all honesty, their budget might be $3.9M…. their true need might even be $4.1M.
So, why not put a budget, plan, and team in place to raise to $4.1M over the next few years?
[crickets]
Yep. You can do that. And, donors WANT to give to you when you do this.
I see it every day.
You can actually make this shift....creating your true budget and then building the team that can shift into the activities that yield that number every year.
Whenever you’re ready, here are THREE things you can do next:
👣 Follow me on LinkedIn where I share the same lessons I teach my clients about attracting larger gen-ops dollars and adding 7-figures + to their bottom line.
🍎 Read my GUIDE! THE TRUTH ABOUT GIVE/GETS :: Top 5 Reasons Your Board’s Give/Get Is Leaving Thousands (Sometimes Millions) on the Table. See how limiting board members to the Give/Get model restricts gifts and keeps your staff from reaching their full fundraising potential. Here to get it.
📈 Work with me to scale your org's revenue by 2-5X and fund your organization’s Strategic Plan // If you’re a business-minded CEO already raising MILLIONS but need to diversify revenue and secure more general-operating dollars to invest in growth, you can apply to work with me here.