Giving Compass' Take:
- The Forbes Nonprofit Council highlights ten things that nonprofit executives can't afford to neglect when making operations decisions.
- How does unrestricted funding affect executives' ability to make savvy decisions about how their organization can best serve its mission? What can you do to support nonprofits that are being forced to make tough decisions due to funding or situational constraints?
- Read about what nonprofits will need to be effective in 2021.
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Nonprofits are challenging to run, but with innovative leaders, the business can usually remain afloat. Unfortunately, smart leaders will need to cut corners from time to time to keep the business solvent. Knowing how a particular nonprofit runs allows executives to figure out where the cuts would be most efficient.
However, there are some aspects of a business that should never be subject to cutting corners. These core elements form the basis of the nonprofit, and losing integrity in these areas could lead to a complete collapse of the organization. Ten experts from Forbes Nonprofit Council point out what nonprofit pillars leaders should work around when performing cuts in their own organizations.
- Employee Needs
- Employee Recognition
- Development
- Culture And Talent
- Community
- Good Ideas
- Administrative Support
- Technology
- Self-Promotion
- Communications
Read the full article about where not to cut costs by The Forbes Nonprofit Council.