Should My Not-for-Profit do well or do good?

06/08/21 • 10 min

Should my Not For Profit in Australia Do Well or Do Good? // If you’re a not for profit in Australia then at some point you might ask yourself, should my not for profit in Australia do well or do good?
Nonprofit management will often go back and forth with between these two outcomes and really they tend to fall into two different categories. If you’re wanting to do well in your nonprofit then typically that would fall under nonprofit strategic planning or nonprofit strategy as it’s business outcome based. However, the desire to do good falls into the non profit project management category as it’s about the ventures you’re taking on to make a difference.
Nonprofit management 101 will see to it that both of these outcomes are met but through this video I want to dive deeper into what a not for profit organisation is likely to encounter by pursuing either one of these outcomes. If you run a nfp in Australia or you’re putting together a non profit organization business plan then this episode is for you.

Connect with me on LinkedIn or visit our website rightsource.com.au
If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.
Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.
Right Source Empowering Your Purpose Is Ours.

Previous Episode

5 Tips when Expanding Your Not-for-Profit

5 TIPS WHEN EXPANDING YOUR NOT FOR PROFIT IN AUSTRALIA // If you have started a not for profit in Australia then chances are the time will come when you need to expand past the kitchen countertop. In this video I give you 5 tips when expanding your not for profit in Australia.
These tips centre around your nonprofit strategic planning and require you to consider each major area of your not for profit to ensure governance is adhered to, budgets are running well and staff are managed appropriately. Nonprofit management requires a little more attention than regular for profit companies as there are extra areas of governance and policy that need attention.
Your not for profit organisation needs leadership to consider the nonprofit business plan, budgets, staffing, premises, governance, policies and subsequent documentation. Any not for profit organization ignoring any one of these aspects will, at some point, find themselves in hot water.
If you have any more questions, please connect with me over on Linkedin - https://www.linkedin.com/in/justin-hogg-right-source/

Next Episode

5 Things You MUST Include in Your Not-for-Profit Annual Report

Have you ever put together a nonprofit annual report? In this episode I list the 5 things you must include in your nonprofit annual report to ensure that it’s thorough and well rounded.
I believe these are non profit best practices that will give you a tidy framework for your report. Knowing how to prepare annual reports is an essential part of budget preparation (to come) and reflection on the year gone by.
If you have any more questions, or need an Australian accountant please connect with me over on Linkedin - https://www.linkedin.com/in/justin-hogg-right-source/