Nonprofit Leaders: Spending Money Helps You Raise More Money

Nonprofit GrowthDevelopment
Written By Sherry Quam Taylor

Too many nonprofits are eager to tell me what they’d SAVE money for. But, very few struggle to articulate what they’d eagerly SPEND money on. 

My favorite money guru, Ramit Sethi, says it’s common in personal finance to focus on running out of money.

But, here’s what he said that got me: 
“...Another problem is ending up with too much money and no ability to use it strategically. Scarcity is being fluent in all the things you WON'T do with your money and not knowing what you WILL do with it.” 


Nonprofit CEOs and Board Members - This lesson has been good for me personally, but, the AH-HA for me was Ramit articulating this in such a way that exposed this as a HUGE issue for the organizations I serve. 


You know what I hear all the time? Focusing on running out of money.  

Things like:

⚠️We couldn’t do that, it’s not in the budget

⚠️We couldn’t ever spend that amount on a [website, consultant, technology] 

But, what if spending on these things helped you raise millions more?

The largest commonality of nonprofits who come to me who aren’t growing their revenue as fast as they’d like? 

They aren’t spending enough money.

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.

Sherry Quam Taylor

Sherry Quam Taylor works with business-minded Nonprofit CEOs whose Strategic Plans require expansive budgets and larger amounts of general-operating revenue for growth. To become investment-level ready, Sherry helps leaders see their revenue potential and helps them see what may be blocking donors from giving in this way. Sherry’s clients know how to attract larger donors by solving the funding challenges at the root of the issue.

As a result of learning her methodology, Sherry’s clients become sustainable, diversify revenue, and know how to add significant amounts gen-ops revenue to their budgets. But mostly, their development departments and board have transformed into high-ROI revenue generators – aligning their hours with relational dollars and set free from the limitations of transactional fundraising.

Sherry attributes the success of her business to her passion for modeling radical confidence to the future CEOs in her house - her two college-aged daughters.

https://www.QuamTaylor.com
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