1 Oct 2024 10:00
Has Your Growth Plateaued? Here’s How to Fix It
One of the biggest challenges growing nonprofits face is plateauing—doing all the right things but not breaking through to the next level of impact and funding. In this episode, I talk about the core reason behind this: a lack of strategic alignment. I explain why organizations need to align three critical elements—strategic direction, a true cost financial roadmap, and a revenue model. When these pillars work together, nonprofits can achieve the kind of growth that’s both sustainable and impactful. Tune in to learn the keys to creating that alignment and avoid common mistakes that keep nonprofits stuck.
What You’ll Learn:
- How to align your annual plan, budget, and fundraising strategy
- Why strategic alignment is critical to organizational growth
- Key signs that your organization is stuck and how to move forward
Key Takeaways:
- Strategic alignment between your annual plan, budget, and revenue model fuels sustainable growth.
- A true cost budget, not just last year’s budget stretched thin, is essential for making smart decisions.
- Your fundraising efforts need to be deeply connected to your impact story to build trust with donors.
- The synergy between your pillars helps your board become better advocates and fundraisers.
- Aligning these elements empowers you to make bolder multi-year fundraising asks.
Step-by-Step Process for Strategic Alignment:
- Strategic Direction: Clearly define your impact goals and strategies. These should be captured in your annual plan, aligned with your long-term strategic plan.
- Financial Roadmap: Create a true cost budget that reflects what it will take to achieve those goals, not just a rework of last year’s numbers.
- Revenue Model: Develop a strategy for how you’ll bring in the necessary resources—identify your potential supporters, craft your messaging, and plan how you’ll ask for contributions.
- Alignment: Ensure that all three elements (annual plan, budget, revenue model) tell the same story about your organization’s impact.
Resources Mentioned:
- Aligned Anchors Bundle: A comprehensive toolkit that includes workshops, templates for annual plans, true cost budgets, and fundraising calendars designed to help you align your strategies and accelerate your growth.
Want to work together? Apply for the Next Level Nonprofit Accelerator, a high-touch coaching and training accelerator for established organizations that want a smart, powerful playbook for taking their growing organization to the next level. Join The Collective, a community of practice for nonprofit leaders who want to build and strengthen the organizational pillars that drive growth! Connect with me!
