Happy New Year! It is my hope that 2009 was, for you, as adventerous and prosperous as it was for me. I am grateful to still be in business despite recent economic events that have negatively affected so many. Grant Source was fortunate to realize success for its second year and in order to ensure our survival for a third, we're going to have to make significant changes to our business model. The model that emphasized grant writing fees as its only source of income is in need of a facelift.

 

The mantra that I preach so often, "Diversify Your Fundraising Strategy" applies to forprofits and nonprofits alike. Whether it's maintaining current levels or reaching new levels of success for our businesses, we must evolve with the market. If your programs are no longer working, change the model. Our survival at the end of 2010 is going to require of us greater mental tenacity, perseverance, and innovation. Our ability to be resourceful and efficient during this economic evolution will determine our existence or nonexistence at the end of the next 11 months.

 

Good luck and don't give up! I know I won't. If you're an entrepreneur and you either have a story to share or you could benefit from hearing others' stories, please contribute to our our facebook fan page (search Grant Source) or check out the new videos on our YouTube channel. The website also has lot's of new features. Please let us know what you think.

 

Chataun R. Denis

Nonprofit Business Consultant & Trainer