By Kendra Armstrong
Many customers I speak with are involved with Nonprofits in some capacity either serving as a board member or a financial advisor to that organization, yet using our nonprofit analysis in financial discussions is often overlooked. Working with Nonprofits offers direct access to local business owners & community leaders that typically serve on these boards. That being said, I would encourage you to think about how your involvement with a Nonprofit could lead to some profitable work while furthering your relationship with the organization.
In preparing your financial discussion for the next board meeting or retreat, take a look at incorporating one of our nonprofit reports. Use the report to help guide your conversation with the nonprofit organization. How are they doing in comparison to others in their industry? What are their strengths? If they are struggling, where do opportunities for improvement lie? Share with the group your experiences in using this type of analysis with your corporate clients. Perhaps the reports have given your clients a better communicated illustration of their financials, a more informed view of their industry, or allowed you to help develop an action plan for improvement by identifying their weaknesses. All of these are things not only relevant & beneficial to your corporate clients, but to your Nonprofits also. In taking this approach, you will certainly enhance your relationship with the Nonprofit, but perhaps find yourself welcoming new work from local business owners looking for this type of information and guidance with their business as well.