Nonprofit Decision-Making: Looking at Decisions Through the Percentages Lens Vs. the Dollars Lens
Want to know what helped me grow in wisdom as a decision-maker about my own personal and business finances? It’s a simple trick that provides incredible objectivity…Want it?
Here it is...👇🏻
Looking at decisions through the percentages lens vs. the dollars lens?
Examples of the two lens…
EXAMPLE 1:
Dollars: We need a new Website, but it costs $50,000. That FEELS like a lot.
Percentages: We’re an org with an annual budget of $7M. That new Website is less than 1% of our budget but could help us grow revenue by 10-20%.
EXAMPLE 2:
Dollars: Our Strategic Plan calls for 2X growth, but a growth consultant costs $100K.
Percentages: 2X growth for our org means scaling from $4M annually to $8M. Investing 2.5% ($100K) to learn how to raise 200% more feels like a “risk” we’d take.
It's a game-changer. Try it.
Last thing. Money decisions do weird things to us. We have all these invisible scripts around money that keep us from having perspective.
Want to grow? Gain perspective by flipping dollars to percentages.
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.