What is Giving Compass?
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Giving Compass' Take:
• Here are 10 insights for how nonprofits can develop a "lean startup" mentality to help grow business development practices within these organizations.
• How can donors help nonprofit organizations become more successful with this pursuit?
• Learn these five secrets of nonprofit startup success.
The term "lean startup" relies on scientific principles to help get a business's product into the consumer's hands in as short a time as possible. It's basically a roadmap to help startups know what to do next. By strategically planning out what the startup should be looking at, there's less trial and error involved in moving the business from one stage of development to another.
This approach could be a game-changer for nonprofits. However, since a nonprofit isn't a startup, some things will need to change. To help, 10 professionals from Forbes Nonprofit Council share a few ways that nonprofits can seek to develop a "lean startup" mentality and access their audience more efficiently.
- Develop A Strategic Plan
- Keep Your Focus On The Customer
- Commit To Values And Alignment
- Focus On Making Less Do More
- Focus On Your Value Proposition
- Involve A Diverse Group Of Stakeholders
- Cultivate A Culture Of Change
- Aim To Get Continuous Feedback
- Produce A Range Of Revenue Forecasts
- Leverage Cloud Computing As A Service
Read the full article about how nonprofits can develop start-up mentality at Forbes.