Hint: The High Price is No Growth and Lower Sustainability ![]() [Nonprofit leaders, this one’s for you.] Are your employees showing signs of burnout? Have you and/or your organization hit a plateau? Do you hold the same events, with the same sponsors, every year? Have you lost sight of strategy? Sometimes, it’s difficult to identify when your organization is stagnant. You still feel like you’re running a mile a minute. Your day could look like this: Coffee. Email. Staff meeting. Donor presentation. Lunch (hopefully). Blogging. Email. Networking. On and on and on. When your organization gets stuck on a plateau, reactivity sets in. Innovation slows. You spin your wheels and go nowhere. It’s an endless loop that flings your ability to shore up a sustainable financial position right out the window. What is the problem? How can you climb up and off the plateau? THIS PART’S IMPORTANT (1) Fast pace does not equal growth. When you move at light speed, it’s nearly impossible to focus on capacity building and economies of scale. (2) Ridiculously low overhead is the opposite of growth. In this hilarious and on-point blog post, our friends over at Nonprofit AF explain why so many nonprofit leaders are “overheadholes.” MULTITASKING IS NOT HELPING YOU One of the inevitable effects of wearing too many hats in your organization is the dreaded multitasking syndrome. Remember that open door policy you boast? It may be getting you in trouble! Check out these negative effects of multitasking:
THE BIG PICTURE CHALLENGE Truly sustainable nonprofit organizations look for ways to leverage their resources so leadership has time and capacity to be strategic and build long-term growth plans. Here’s a great example: In one of my favorite case studies on the matter, CEO Zac Carmen explains what happened when he vowed to remove a few hats and start working on his business rather than in his business. The results are astonishing. Likewise, our CEO at Blue Fox, Chantal Sheehan is a big proponent of the same notion. My first week at the company, I asked her how Blue Fox was different from other virtual accounting firms. She said, “When it comes to building sustainability at a nonprofit or social enterprise, it’s not about penny pinching. It’s about a full understanding of the leverage and power in every dollar.” SO, STOP WEARING SO MANY HATS They are simply weighing you down. Hire. Outsource. Delegate. Empower volunteers (here are some tips). Whatever it takes! Allow yourself to be proactive. Allow your team to take a breath and strategize. Spend time on the big picture. Today’s cloud-based technology and virtual services providers (like us) offer cost-effective alternatives to outsource some of your hats. You don’t have to do EVERYTHING anymore! Blue Fox can manage your back office in the most effective way possible. That’s all we do and our team is stacked with nonprofit gurus to get the job done. We also go the extra mile to provide your team with actionable insights from the work we do. This helps you make smart and data-driven decisions. What could be better? Give us a call at (321) 233-3311 or email us when you’re ready to ditch the baseball cap (bookkeeping), sombrero (payroll), fedora (tax prep) and sun visor (financial consulting). We’ll wear those hats for you and look good doing it. Author: Chelsea Clementi, MBA, Director of Marketing & Business Development, Blue Fox Resources:
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Our BlogWelcome to the Blue Fox Blog! A fairly entertaining source of info and news related to our company, nonprofits, social sector trends, and, of course, accounting. Enjoy! Top ArticlesClient CASE STUDY: One of The Most Financially Sustainable Nonprofit Orgs We Know
Blue Fox + Bill.com = Clean Audits & Happy Clients What Fuels Financial Sustainability? The Magical Nonprofit Financial Ratio Matrix Dear COVID-19, I'm Breaking Up With You The Latest COVID-19 Resources for Nonprofits 10 Reasons to Outsource Your Nonprofit Accounting 6 Step Guide To Build Donor Trust Our Favorite Resources for Nonprofit Fundraisers 3 Vital Resources for Nonprofit Start-ups 2020 Nonprofit Trend: The Virtual CFO How to Make Your Nonprofit Recession-Proof What Nonprofits Need to Know About the New Overtime Ruling Double-entry Accounting Made Easy - Essential Desktop Guide, Free Download Blue Fox CEO Named As Keynote Speaker for Nonprofit Hub's Cause Camp 2020 5 Steps to Solving Complex Workflow Problems The Hidden Cost of Wearing Too Many Hats The Key to Workplace Success - Investments in Professional Development Accounts Payable Made Easy - The Marriage of Bill.com and QuickBooks Online Nonprofits - It's Time to Automate Your Back Office How to Engage Your Board of Directors in Financial Conversations How to Join the Social Enterprise Movement Kindness Leads to More Profit & Productivity Don’t Ignore This Nonprofit Management Advice Building Blocks for A More Just, Equitable, and Inclusive Work Environment QB Tip of the Month: How to Use Classes for Painless Grant Writing Nonprofit Leaders - Talk Finance and Empower Your Staff When to Hire An Accountant for Your Social Impact Org Why Outsource Your Accounting? That Time I Went to Cause Camp Impact Investments in Yourself Are You Paying Too Much for Payroll? Financial Dashboards - Capture Attention, Create Conversations, Drive Results! Don't Let FinTech Scare You - Our Top 4 Back Office Tech The Wonderful World of Micro-Donating! The Case for Kindness in Business How Nonprofits Build Donor Trust: Be Transparent 5 New Year’s Resolutions for Sustainable Nonprofits Why We’re on a Mission to Help Conservation Organizations Money Matters - So Why Aren’t More Nonprofits Talking About It? Tips to Get You A Clean Audit Every Year Company NewsBlue Fox Teams Up With Bloomerang to Develop Nonprofit Resources
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