20 min listen
Are All Your Eggs in One Basket? Diversifying your revenue streams
Are All Your Eggs in One Basket? Diversifying your revenue streams
ratings:
Length:
18 minutes
Released:
May 19, 2020
Format:
Podcast episode
Description
This pandemic has been a stress test for many non-profits. The biggest threat to the future of a non-profit in times like this is the lack of multiple funding streams for a non-profit.
Today, those organizations that rely heavily on events, or corporate and government funding, are struggling. And non-profits that only rely on direct-response to bring in the majority of their revenue are reeling.
Why? Because having a diverse array of funding streams, especially those who promote individual donor giving, will help you get through economic downturns. And as you know, we’re in a massive downturn at the moment.
In this podcast episode, Richard and Jeff discuss why you need to diversify your funding, how to detect where you’re hurting, and how to create a plan to change it.
Today, those organizations that rely heavily on events, or corporate and government funding, are struggling. And non-profits that only rely on direct-response to bring in the majority of their revenue are reeling.
Why? Because having a diverse array of funding streams, especially those who promote individual donor giving, will help you get through economic downturns. And as you know, we’re in a massive downturn at the moment.
In this podcast episode, Richard and Jeff discuss why you need to diversify your funding, how to detect where you’re hurting, and how to create a plan to change it.
Released:
May 19, 2020
Format:
Podcast episode
Titles in the series (100)
Why doesn't the word "Annual" belong in a MGO's vocabulary? by Nothing But Major Gifts