How a nonprofit can survive and grow

One of the most challenging things Michael Giuffrida has ever witnessed in business is making a nonprofit survive and grow.

It’s a lot easier for regular businesses to invest in tools and technology because they have (or will theoretically be able to get) the funding for it through their business. However, for nonprofits, it isn’t that simple.

For owners and founders, guiding their nonprofits to sustainability isn’t impossible. Countless of nonprofits around the world have been able to do so. To accomplish this, people running the nonprofits should realize that it takes more than having both a vision and good intentions.

First off, nonprofit owners should always keep in mind though their company isn’t looking to make a profit, it’s still a business. And as such, it needs things to live.

Next to funding, what a nonprofit needs are true leaders. By this, Michael Giuffrida means that nonprofit managers and supervisors need to be professionals with a good nose for business. They should be able to motivate volunteers, as well as converse with benefactors. A nonprofit leader should be able to spot opportunities for funding as much as opportunities to fulfill the company’s goals.

Still on the subject of funding, no matter how ideal and noble a nonprofit’s cause could be, without proper funding, it will inevitably close down. Because of this, Michael Giuffrida recommends that nonprofit leaders come up with solid plans to raise funding for their projects. He explains that every potential donor and benefactor matters, and it would be a mistake to overlook the ones that offer smaller denominations.

Michael Giuffrida has been helping businesses become more effective and efficient since 1997. For more reads on business, visit this page.