If non-profits are to be sustainable, they need to run it more like a business where programs support themselves and the organization is in close enough touch with the public and the stakeholders to maintain relevancy. Sometimes that mission has to change. The March of Dimes is a great example where the original mission of eradicating polio was accomplished, yet the organization still exists as their mission evolved to combatting birth defects. In this episode, Dr. Truman Hudson, Jr. talks to Mike Bills about how non-profits need to start thinking more like a business in order to ensure that they are sustainable in the long run.
“People give to people. People give to people they know, they care for and they trust” (4:58)
"Leaders are leading from the heart and not necessarily through the business lens.” (9:43)
“Sustainability puts you in a position to pivot if necessary.” (10:51)
(3:55) The premise of going out of business. (6:15) Owning relevance. (9:50) Fiduciary responsibility of leadership to ensure sustainability. (12:37) Characteristics of sustainable leadership.
TIP OF THE WEEK:
Non-profit programs still need to provide revenue or member value if the organization is to be sustainable in the long run.