Question tag: financial-planning
2 QuestionsWhat strategies help CSOs achieve long-term financial sustainability?
We've been operating for seven years and we're still almost entirely dependent on one government grant that gets reviewed every year. Every year around renewal time we're holding our breath. I know this is a risky position to be in and we need to diversify but every time we try to develop new income sources […]
How should we develop an annual budget aligned with our strategic goals?
Every year we basically take last year's budget and add a bit for inflation. Our ED puts it together and the board approves it. It kind of works but I feel like it's not strategic at all — we're just carrying forward the same things year after year without asking whether they actually serve our […]