Over the years, we have found these indigenous charitable organisations often don’t have all the necessary skills in house, to create the sustainable business model required to support the growth of services to more people.
The challenge facing you as a Not-for-Profit or NDIS Provider of indigenous support services, is identifying your gaps and opportunities and developing a plan to maximise the efficiencies while still delivering your services.
On the surface this may appear to be a daunting task, however, it need not be.
When you know how to assess your indigenous charitable organisation to obtain the data you need to develop a plan for sustainable growth, the process becomes systematic and engaging.
How to Undertake a Business Assessment
Once your overall business review, is complete, you’ll be able to assess your key drivers and unit costs to determine your budgeting requirements and cash flow forecasts.
Then, you’ll be able to undertake business scenario modelling, which will help you determine what decisions you need to make today to achieve the growth you would like to achieve in the future.
You may decide to make changes to your back-office processes, implement new software to support your projected growth, re-assess staff roles to create higher efficiency and redefine roles of management.
Other things to consider are how to reduce waitlist times, identify new revenue opportunities and how you can monitor your future operations for quality and continuous improvement.
If you don’t have the capacity in house to undertake all this work, you may consider engaging a Not-for-Profit and NDIS Provider transformation specialist to assist.
Making your indigenous charitable organisation stronger financially, achieving critical outcomes, and building a longer-lasting, more sustainable business is what we do – every single day.
Employing our proprietary CINCH Transformation Program, we have achieved an average 7.4% uplift for the Not-for-Profit organisations and NDIS Providers we have partnered with.
So, if you want to see how invested we are in a sector we service or have an interest in Early Childhood Intervention, we invite you to download a copy of The Early Years 2020 ECI Benchmarking Report.
This report is a great place to begin. The information in this report, will allow you to compare your organisation to industry benchmarks, and help you identify areas performing well, and those needing improvement – the basis of great decision making!
We believe all people in our community deserve the same access to health, education, and support services.
We look forward to talking with you soon.
Until then, all the best.