No margin-No mission! is the trumpet call for Not-for-Profits (NFPs) to be more business-like. Do you have clients that need to understand better how to run their NFP like a business? Are you an NFP that needs to inject more business- like behavior to make your organization successful? This course will help you understand how NFPs and For-Profit Businesses are alike and different. The course will also introduce best practices that can be utilized by the NFP to become more strategic, profitable, efficient and accountable.
Course ID: RNFPB
Running a Not for Profit Like a Business
Learning Objectives
- Understand the similarities and differences between NFPs and For-Profit Businesses
- Identify the need for practical, useful strategic planning and implementation of the planning process
- Understand how to manage a Board of Directors
- Explain why Vision and Mission are so important to an organization
- Describe current trends affecting NFP organizations
- Discover how Alignment and Accountability increase the NFP effectiveness
- Manage employees in a NFP (balance of passion, mission and lack of funds)
- Identify the danger of the Holy Grail – for profit subsidiaries
- Train non-financial staff on financial matters and accountability
Major Topics
- Difference between not for profit and for profit
- The secret competitive advantage of not for profits
- Trends in the NFP industry
- Strategic planning
- Business models
- Managing a Board of Directors
- Managing employees in an NFP environment
- Managing volunteers
- Training non-financial staff on financial topics
- Ethical issues in NFP organizations
Advanced Preparations
None
Who Should Attend
This course is designed for CPAs in both public practice and industry that want to improve Not-for-Profit Organizations that they are associated with.
Fields of Study
Business Management & OrganizationPrerequisites
None