By collaborating with another not-for-profit organization, you might be able to cut costs and increase revenue. But joint ventures come with many challenges, including potential time, leadership, and communication issues. Here are some recommendations to ensure a smooth collaboration, partnership, or merger.
Mahoney | CPAs and Advisors’ Post
More Relevant Posts
-
Read the 2nd of 5 charity merger blogs ‘Overcoming barriers to merger success’ to find out how visionary leadership by change agents can be just as powerful in overcoming charity merger inertia as causing it in the first place. Top barriers: 1. Power, ego and control 2. The fear factor 3. Relationships. How to overcome those barriers: 1. Individual and shared leadership 2. Local control 3. Right place, right time. Read the full blog here: https://lnkd.in/efP3yYiN Blog by industry expert & Eastside People consultant Steve Chu
-
-
Read the 2nd of 5 charity merger blogs ‘Overcoming barriers to merger success’ to find out how visionary leadership by change agents can be just as powerful in overcoming charity merger inertia as causing it in the first place. Top barriers: 1. Power, ego and control 2. The fear factor 3. Relationships. How to overcome those barriers: 1. Individual and shared leadership 2. Local control 3. Right place, right time. Read the full blog here: https://lnkd.in/efP3yYiN Blog by industry expert & Eastside People consultant Steve Chu
-
-
Read the 2nd of 5 charity merger blogs ‘Overcoming barriers to merger success’ to find out how visionary leadership by change agents can be just as powerful in overcoming charity merger inertia as causing it in the first place. Top barriers: 1. Power, ego and control 2. The fear factor 3. Relationships. How to overcome those barriers: 1. Individual and shared leadership 2. Local control 3. Right place, right time. Read the full blog here: https://lnkd.in/efP3yYiN Blog by industry expert & Eastside People consultant Steve Chu
-
-
CEO | Author & Speaker | Who's Who in America Honoree | Helping Non-Profits Align Their People And Processes With Their Vision
Change in a nonprofit organization can come through several vehicles. Onboarding new leaders, organization restructuring, role reshaping, mergers and acquisitions, introducing new software, launching a new campaign, and many other things can all bring change to an organization. Managing change in such a situation can be challenging but can be better served with the support of your in-house team and external volunteers. It requires a strategy and workflow to guide people through the necessary procedures. Need help in managing and supporting your teams through change? Schedule your free consultation call today! #PureMomentumConsulting #NonProfitLeaders #NonProfitManagement #Sustainability #BuildingCapacity #NonProfitLeadership #Philanthropy #SocialImpact #NonProfit
-
-
As both a former nonprofit executive director with experience leading nonprofit mergers and currently a strategic advisor to others in this space, I have learned several key lessons. One of the most important is that creating a strategic partnership is not a task to be taken lightly. It demands a significant investment of time and resources, yet the potential rewards make it a worthwhile endeavor. The journey of partnership begins with identifying a suitable ally, understanding each other’s strengths and weaknesses, and crafting shared objectives that transcend individual capabilities. Rigorous due diligence is essential to ascertain the financial stability and governance integrity of the prospective partner organization. While these steps may seem exhaustive, they merely set the stage for the real work that lies ahead. The signing of the closing documents is not the end, but rather the commencement of a new chapter. It marks the start of a collaborative journey, a continuous process of growth, adaptation, and mutual learning. It is the beginning of a shared commitment to addressing complex challenges and achieving common goals. In the realm of strategic partnerships, the end is truly just the beginning. I’m pleased to share my insights on the art of building successful nonprofit partnerships including how to navigate change, integrate cultural rituals, and support people through transitions: https://lnkd.in/grf-_NzK #partnerships #transition #humanelement #nonprofitleadership #nonprofitorganizations
-
-
Our resident #socialsector futurist Suzanne Smith has been crisscrossing the country for 2 years sharing her Megatrends Keynote. Discover the top questions she repeatedly hears from #nonprofit leaders PLUS answers to these questions in our latest blog https://loom.ly/PiQY8L4 The Triangle Nonprofit & Volunteer Leadership Center SHARE Charlotte #nonprofit #socent #change #changemanagement #conflict #conflictmanagement #conflictresolution #economicchange #investor #donor #successionplanning #mergers #strategicplan #strategicplanning
-
-
When you form a strategic alliance with another nonprofit organization for a merger, amalgamation, administration, or joint programming how do you make sure the collaboration is successful? Find out in Let's Get Together: Exploring Strategic Alliances for Nonprofits. Thursday, December 14, 2023, 1:00-2:30pm, with Leslie Tamagi and Mike Grogan. Cost: $10-30 – you choose. Register at https://lnkd.in/gbcY3Zw3 Webinar covers: · Exploration of the spectrum of strategic alliances: Mergers, amalgamations, consolidations, administrative consolidation, joint programming, collaboration. · Deep dives into real-life examples of strategic alliances from Alberta's nonprofit sector. · How to choose the right form of partnership for your goals and legal status including helpful decision tools to take with you. · The phases of partnership negotiations and the typical stumbling blocks organizations may encounter. #nonprofit #nonprofityorganization #partnership #merger
-
-
Strategic Advisor/Success Enabler/Process Innovator Helping customers maximize Salesforce ROI!
Strategy starts at the top. When #auxiliumCRM collaborates with #NGO clients on a #roadmap...board input can be a critical variable between success and failure! Even if there is strong executive leadership, momentum is lost if there is no advocacy on the board! #powerofus #salesforcefornonprofits
Here is another great resource from #nonprofitquarterly to learn more about how recruiting the right board members who focus on the right things will create a powerful return for your #NGO. Our #nonprofit clients with effective boards get much greater value out of their technology investments! Contact #auxiliumCRM to enable your vision! https://lnkd.in/eVmT9-56 #boardsource #salesforcefornonprofits https://lnkd.in/e2y6_t-3
Recruiting & Managing the Board You Need
store.nonprofitquarterly.org
-
Right Source Managing Director | Not-for-Profit Governance and Strategic Services
How do you move from being an operationally focused Board, towards being a strategically focused Board? You need to have strategic long-term goals and visions. If you want the board to be strategic, you need to have CEO/exec team who can focus on operations. Think about whether the Board papers are operational or strategic, because that’s what the Board will be discussing and providing feedback on. You can also consider alternating the focus of Board meetings between operations one meeting and strategy the next meeting. A reminder to join me at the April Rendezvous where we’ll discuss the NFP Merger Strategy. We'll include some key considerations for a comprehensive strategy. Rendezvous - The NFP Merger Strategy Date: Friday, 19 April - 1.00 pm to 2.00 pm Register: https://lnkd.in/eNdiC3h2 Right Source #purpose #growth #governance #notforprofit #leadership #ceo #charities #socialimpact #boardmembers #boardofdirectors #boardrecruitment #nfpboard #committee #board #chairman #care #curiosity #contribution #makeadifference
-
CEO & Managing Partner at Curtis Strategy, Nonprofit Strategy Consulting Firm, We Lead Strategic Planning, Mergers & Affiliations, and Board Governance
Considering a merger or an affiliation is a significant decision for any nonprofit but preparedness is key. A successful collaboration between like-minded organizations will help eliminate competition, acquire talent, cut costs, expand geographic impact, and improve quality of service, among other benefits. More on our M&A Services for those leaders looking to achieve strategic growth: https://lnkd.in/ehkeajpX
Merger & Affiliation Strategy — Curtis Strategy | Nonprofit Consulting Firm
curtisstrategy.com
