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Making the Switch: What For-Profit CFOs Need to Know About Nonprofit Accounting

sgEngage

You can run a profit and loss statement in your sleep. But you are tired of the for-profit world. From the goal of your organization to how finances are managed, it’s important to understand how for-profit accounting and nonprofit accounting differ so you can help drive success for your new organization. Congratulations!

Profit 101
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The Ultimate Guide to Accounting Software for Nonprofits

Nonprofit Tech for Good

How are Nonprofit’s Financial Goals Different? It’s a common misconception that nonprofits don’t focus on financial goals since they’re not generating a profit. In fact, most nonprofits require a minimum level of fundraising each year to reach their mission goals.

Software 301
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Rule Your Market—Blue Ocean Strategy Sidesteps the Sharks

.orgSource

If your members are— Tired of the “same old, same old” product portfolio Turning to for-profit companies for professional development Looking for greater value and diversity in your services Losing interest in networking and in-person meetings —Now might be a good time to reimagine products, services, and pricing.

Strategy 221
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Developing a Product Mindset for Impact

Forum One

A product, whether in the for-profit, nonprofit, or government sector, is a powerful tool that delivers a valuable service to a specific audience. In the for-profit world, a product may be a tangible item that customers can purchase or subscribe to, driving financial success.

Product 88
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64 Online Stores That Benefit Nonprofits and the Greater Good

Nonprofit Tech for Good

Proceeds benefit First Book, a nonprofit that provides new books and educational resources to schools and programs in low-income communities. All profits from merchandise sales go directly toward supporting PETA’s work for animals. Known for its t-shirts emblazoned with positivity, 10% of net profits are donated to help kids.

Benefit 324
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3 Tips to Help Your Nonprofit Steward Corporate Partners

Nonprofit Tech for Good

According to the Harvard Business Review , increasing customer (or partner) retention rates by 5% can increase profits by 25-95%. Value, for us, comes in four different forms: Business value: the ability to impact a business goal of your partner’s. 1) Take A Look at Your Current State of Affairs.

Help 271
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How to Find Corporate Responsibility Software that Increases Profits

Givinga

Corporate responsibility can be incredibly impactful for business performance and profits, but unfortunately, many CR efforts, especially when it comes to workplace giving, are still broad and poorly measured with little or no direct connection to business performance. Donation Tracking and Impact Reporting.

Profit 45