Giving Compass' Take:
- Here are the various components that can help nonprofit organizations thrive in relationships with potential business partners, entrepreneurs, or other organizations.
- How can collaboration lead to greater impact? What are the barriers to some nonprofit relationships?
- Read about leading collective impact working groups.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
While a nonprofit organization operating alone is able to achieve important goals, partnering up with an entrepreneur or another organization can significantly increase the impact of the work being done to the benefit of both parties. However, nonprofit leaders must be careful when establishing these professional relationships.
Primarily considering only the big-picture organizational goals rather than the true compatibility of the partner may result in an overall negative and frustrating experience. To help, 14 Forbes Nonprofit Council members each share one factor essential to forming mutually beneficial relationships with a business partner or another nonprofit organization and why that component is so needed to create a healthy working dynamic.
- Complementarity
- Shared Values
- Trust
- Respect
- Sustained Communication
- Mission And Values Alignment
- Shared Outcomes
- Concreteness
- Accountability
- Clarity
- A Collaborative Mindset
- Active Listening Skills
- Deep Understanding
- Realism
Read the full article about mutually beneficial relationships for nonprofits at Forbes.