Five Things Every Nonprofit Needs to Survive

By Phil Andrews
via www.huffingtonpost.com

Every nonprofit needs five essential elements to survive in today’s economy.

  At the top of the list is good governance. Good governance requires that the board of directors is kept abreast on policies and procedures governing nonprofit law. Good governance includes good recordkeeping, regular board meetings, regular board minutes, accurate minute, and financial oversight. The Board of Directors sets the direction of the organization as set forth in the bylaws of the organization.

  Good leadership is always important to success in the nonprofit world.   Leadership inspires members of the organization to do the visionary work to act in ways that align with the mission, values, and strategic plan of the organization. Leadership is often dynamic in nature; at different points of the spectrum leading will require different strategies.

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