Over the years we have found that many of these organisations struggle with inefficiencies in their back office and have trouble with accurate reporting. Often, they are not sure what they should be reporting and make it more complicated that it needs to be.
In addition, there can be pressure on funding and ever increasing costs, making it difficult to maximise the use of their funding.
To turn this around and grow not-for-profit organisations you’ll need to identify your gaps and opportunities and develop a plan to maximise the efficiencies while still delivering your services.
Don’t feel overwhelmed.
When you know exactly how to assess and ultimately grow not-for-profit organisations, the process becomes exhilarating.
How to Conduct a Business Review
Once completed, you’ll be able to use your key drivers and unit costs to determine your budgeting requirements and cash flow forecasts.
Next you need to undertake business scenario modelling, which will help you determine the best decisions to make today, so you can achieve the goals you have set.
Decisions you make based on the data, may include, changes to your back-office processes, implementation of software to improve efficiency, adjustment of job descriptions and perhaps redefining roles of management.
Other critical things to grow not-for-profit organisations are how to reduce waitlist times, identify new revenue opportunities, and how to monitor your operations for quality assurance and continuous improvement.
There is quite a bit to be done, to transform your not-for-profit business into a larger business that can service more people than you do today.
So, if you don’t have the capacity in house, you may consider engaging a Not-for-Profit and NDIS Provider business transformation specialist to assist you.
Making not-for-profit organisations and NDIS providers stronger financially, achieving critical outcomes, and building longer-lasting, more sustainable businesses is what we do – every single day.
Following our proprietary CINCH Transformation Program, we have achieved an average 12-month uplift of $494,000 for the Not-for-Profit organisations and NDIS Providers we have worked with.
So, if you want to grow not-for-profit organisations, 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!
If you don’t have the capacity in house, you may consider engaging a Not-for-Profit and NDIS Provider business transformation specialist to assist you.
We look forward to talking with you soon.
Until then, all the best.