Scott Schaffer of Public Interest Management Group will lead a seminar on Strategic Partnerships in the nonprofit sector on Friday, January 30 at 12 p.m. in Seattle. It’s part of the Bankers' Hours Nonprofit Seminar Series hosted by Pacific Continental Bank. Seating is limited. For more information, please contact Neil Sharma at 206-676-3057 or firstname.lastname@example.org.
Earlier this month, a group of 50 nonprofit executives and board members started the New Year by digging into the fine points of nonprofit business models. Schaffer also led the January 7 session, sponsored by the Nonprofit Association of Oregon (NAO).
The group explored the economics of nonprofit organizations and several practical techniques for assessing the strengths and weaknesses of business models.
A key point of the seminar is this: Nonprofit business models are more complex than those of for-profits. In our sector the formula can be multifaceted, with some services subsidizing others by design. Nonprofits need to be intentional and shrewd about how the model is assembled.
Participants engaged in a series of hands-on exercises. “This training was truly worthwhile,” said Richard Stein, Executive Director of Our Common Good, "I appreciated the imaginable scenarios to help us wrestle with and absorb key points." Mary Beth Horton of Business Education Compact called the session "one of the most useful trainings ever!"