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CEO CORNER
"Revise, Revamp, Rejuvenate: Ways to Survive the Recession", A Summary I had the pleasure of attending a most thoughtful and intriguing training session last Thursday at the Foundation Center Atlanta. Terri Theisen of Theisen Consulting LLC focused her discussion on partnerships, collaborations, and mergers as a means for ensuring the survival of nonprofit programs and missions during the recession.
She suggested that organizations should be focusing on program outcomes and measurement more now than ever before. Revisiting performance goals and objectives and having a clear picture of the organization's financial standing are key to developing a realistic strategic plan of action.
A very unpopular piece of advice she posed was to trim the fat. Most organization leaders resist this idea, but it has merit. If another organization can do what you do better, why not merge efforts and resources? There's power in numbers. If a merger is an attractive idea for your nonprofit, Theisen offered a few key tips: 1) consider your partners carefully; make sure they are compatible; 2) board support is critical; and 3) provide total disclosure about your current situation.
Chataun R. Denis, CEO  | |
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