Having a Backup Plan
Some organizations have become too reliant on one form of income, living donation to donation or grant to grant with few alternatives for additional income. Others have little in the way of liquid assets and run the risk of failing if income doesn’t come in as expected. While strategizing for this formidable future can seem daunting when the day to day tasks are ever pressing, taking the time to plan how to stay afloat if the worst were to happen will add greater peace of mind down the road.
Accidents happen. Things break. Money is lost. But the best thing you can do to help prevent these situations from turning into a disaster – plan ahead.