The Fundamentals of Financial Health
August is a great time to slow down, go deep, learn, plan, and prepare for the hustle of the end of the year. Just like Abraham Lincoln said: “If you give me 8 hours to chop down a tree, I’ll spend 6 hours sharpening my ax,” my goal with this series is to help you sharpen your proverbial organizational ax.
This week, I’ve curated 3 resources that will help you set your organization up for true stability and sustainability: your organization’s financial health.
Tuesday, August 15th
6-Minute Strategy: Finance Metrics
In this audio version of my 6-minute strategy training gets super concrete. You’ll learn the key metrics that you should be tracking and measuring to help you keep your finger on the pulse of your organization’s financial health.
Wednesday, August 16th
Focus on Growth: True Cost Budgeting As The Foundation of Sustainability
Whatever your vision for growth and increased impact, there are costs associated with it. This training will walk through how to think about your budget not just as a financial document, but as a storytelling tool to actually help you grow.
Thursday, August 17th
How To Get Your Finance House In Order, with Germeen Guillaume
Let’s face it – numbers can be scary. As nonprofit leaders, how often do you hear how important it is to “know your numbers”? But most of you didn’t get into the nonprofit leadership game with a background in accounting. So instead, you make sure you have a bookkeeper, make sure your books get closed and you track your spending, and MAYBE you get monthly financial reports to review. But you’re secretly faking it until you make it — you don’t really know what it means to build a strong financial infrastructure – who to hire, what to talk to them about, and how to use your finances as a strategic decision-making tool.
Enter Germeen. She’s taken her expertise and passion for accounting and merged it with her passion for social impact organizations and the result is both an incredible company – Virtual Accounting Group (which you’ll hear about) – and a great conversation today.
Germeen talks with us about how to know when to move beyond the bookkeeper, how (and who) to think about hiring, the often unrecognized relationship between fundraising and financial infrastructure – she breaks it all down!
Relevant Resources Mentioned
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