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4 Steps Every Nonprofit Should Take to Leverage Their Data

By |2021-04-08T11:09:49-05:00April 5th, 2021|Advisory, Goals, KPIs, Nonprofit, Performance Measurement|

  Management and employees at every level of an organization use data every day to make decisions, and we now have more information at our fingertips than ever before. For organizations to be truly agile and proactive, it is essential for leaders to have accurate and relevant data in a format that they can quickly [...]

How To Manage Cash Flow For Your Growing Business

By |2021-04-08T11:11:24-05:00March 29th, 2021|Budget, Cash Flow, Investment, Uncategorized|

  If you have ever heard the expression “cash is king,” it’s because it is, for now at least. Bitcoin and other cryptocurrencies have been taking off recently, but cash still rules the roost for now. As one of your business’s top resources, it’s essential that cash is well managed, which includes understanding the timing [...]

5 Blind Spots To Avoid When Scaling Your Nonprofit

By |2021-04-08T11:09:35-05:00March 15th, 2021|Advisory, Budget, Cash Flow, Change, Goals, Internal Control, Leader, Nonprofit, Performance Measurement, Preparation, Process Optimization|

  As your organization grows and scales, there are blind spots that sneak up on you. Things were going well in your organization; you were cruising along, enjoying the growth and sustainability and then … BAM! New problems and opportunities seemingly come out of nowhere. Each stage of an organization (startup, growth-stage and maturity) has [...]

4 Steps Businesses Can Take to Leverage Their Data

By |2021-04-08T11:09:25-05:00March 1st, 2021|Advisory, Goals, KPIs, Performance Measurement|

  Management and employees at every level use data every day to make decisions, and thanks to technology we have more information at our fingertips than ever before. For companies to be truly agile and proactive, it is essential for leaders to have accurate and relevant data in a format that they can quickly understand [...]

5 Blind Spots to Avoid When Scaling your Business

By |2021-04-08T11:09:20-05:00February 15th, 2021|Advisory, Budget, Cash Flow, Change, Goals, Internal Control, Leader, Nonprofit, Performance Measurement, Preparation, Process Optimization|

  Growing a business is a lot like an amusement park. It’s exciting, fun, overwhelming and nauseating. It’s a roller coaster of fear, confidence, joy and panic. It’s a tilt-a-whirl of influence, innovation, and concern. The growth stage of business can be a wild ride, especially when the growth occurs rapidly. This array of emotions [...]

Cash Flow Management Practices For Your Nonprofit

By |2021-04-08T11:12:17-05:00February 1st, 2021|Accounting, Budget, Cash Flow, Donation, Fundraising, Nonprofit|

If you have ever heard the expression “cash is king,” it’s because it is, for now at least. Bitcoin and other cryptocurrencies have been taking off recently, but cash still rules the roost for now. As one of your organization’s top resources, it’s essential that cash is well managed, which includes understanding the timing [...]

Are You Getting The Right Tasks Done Each Day?

By |2021-01-22T16:59:21-06:00January 22nd, 2021|Advisory, Book Recommendation, Goals, Leader, Process Optimization|

This post may contain affiliate links*. TDT may earn a commission if you make a purchase through some links, at no cost to you.   COVID has given many of us a new perspective on life. Additional time spent at home with family, fewer activities, and an overall less hurried lifestyle has given us the opportunity [...]

How to Calculate and Evaluate Nonprofit Program Profitability

By |2021-01-22T16:53:35-06:00January 20th, 2021|Accounting, Cash Flow, Deductions, Fundraising, Nonprofit|

  Amid the uncertainty of 2020 and into 2021, leaders in all industries are taking a close look at their revenues, costs, and cash flow. These considerations are important and sometimes urgent, especially in the past year or so. One approach is to focus primarily on cash flow. A cash flow focus alone won’t always [...]

3 Steps To Improve Process Optimization Within Your Business

By |2021-01-22T16:53:42-06:00January 20th, 2021|Advisory, Goals, Internal Control, Process Optimization|

  It’s easy for inefficiencies to become the norm, especially during periods of growth. During these times, it’s common to focus on growing gross revenue, which is important; however, there are many processes in your business that eventually boil that revenue down to your net revenue, which represent the true results of your efforts. Do [...]

3 Steps to Create a Strong Revenue Goal

By |2021-01-22T16:53:59-06:00January 12th, 2021|Advisory, Goals, KPIs, Preparation, Value|

  Setting goals can be fun, especially if someone else is responsible for achieving them. For most small business owners, myself included, the pressure and responsibility for achieving revenue goals rests heavily on the business owner. When faced with this pressure, we can either: Set a vague goal (so it’s hard to evaluate whether we [...]

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