When it comes to financial data, less is definitely more. But what data is essential? In this entry I discuss how to find that essence and how to use it to your advantage in managing a nonprofit organization.
Many nonprofits struggle to break even, or face strict capacity limitations. The root of these problems is usually the soundness and health of the organization's business model. The business model is a key to ensuring high performance in achieving mission and financial goals. Public Interest Management Group has released a new white paper that demystifies the business model and its key role in organizational strategy.
There’s a myth in our culture that more information is better. More can be better, but only to a point. If you know nothing, you’re usually at a disadvantage. But if you are overloaded with information, you may be worse off than knowing nothing. You don’t need more information, you need the right information.