Understanding Your Financial Reports Written By Geoff Burns Whether you are a small business owner, entrepreneur, or nonprofit leader, you need to use financial reports to evaluate your fiscal position. Unfortunately, even for seasoned leaders, most people don’t fully understand how their reports are generated, how to tell if they are accurate, what they mean, […]
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What is financial freedom? To some it is the ability to travel. To others, it may simply be knowing that the bills are all paid. I think for many of us, financial freedom looks like spending time with family, ordering some takeout from time to time, and knowing that you will be able to have
As an organization ages, it is not uncommon for it to experience “drift.” Drift can be a natural process of the shifting landscape with which an organization operates. A controlled approach to change is not really the same as drift, however. The March of Dimes comes to mind. Their original purpose was to eradicate polio,
Welcome to 2018. For some of you, 2017 was a banner year. For others, it may have seen more setbacks. Regardless of how 2017 ended, that was last year and this is now. It is time to build off of last year and realize that no matter what you did in the past, there are
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In any leadership role, you will encounter situations that require acquisition of new or expansion of existing resources. In this case, consider anything that could be considered a resource: cash, volunteers, staff, toilet paper, etc. Savvy leaders always begin by identifying both the specific resource needs and the quantity. Additionally, leaders utilize their networks, time
