In past episodes we’ve spoken about Financial Governance, but what does that mean for anyone who is preparing to set up a new NFP? How do you create financial governance?

Opening a bank account, tracking expenditure and reporting? It might sound simple, but there is a process. I’ll touch on some key areas that I think are worth considering as well as how your systems and processes can even aid you in measuring your overall impact.

As a new NFP, you’ll find this information particularly useful, as we are looking to ensure you meet your obligations and manage the NFP effectively from the beginning.

Connect with me on LinkedIn or visit our website rightsource.com.au

If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.

Right Source Empowering Your Purpose Is Ours.

Delivering on purpose requires people ‘doing’ something, and as the founder of a new NFP, setting up a framework for people and organising the ‘doing’ is essential.

In this video we’ll discuss the evolution of the doing and what that looks like for the founder, as well as the people they will ultimately work with along the way. What should we consider when developing a framework for people? What is to be done, who is going to do it and when are they going to do it?

Let’s talk about who does the doing at a new NFP, because building and managing a workforce is the greatest asset of any NFP and this will ultimately drive the organisation towards its purpose.

Connect with me on LinkedIn or visit our website rightsource.com.au

If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.

Right Source Empowering Your Purpose Is Ours.

Risk management may seem a bit of an overkill when starting or setting up an NFP, and for those setting one up it can feel like you are already going all in, so what is a little extra risk going to matter.

In today’s episode I provide some clarity around risk and highlight the benefit of managing risk early on the NFP set-up journey. I’ll talk through why we look at risk, where to start and some simple but effective methods.

Risk management is a valuable tool which will certainly develop as an organisation evolves. For new NFPs, risk management doesn’t have to be extensive or perfect at this point, the key is to keep it simple and make a start.

Connect with me on LinkedIn or visit our website rightsource.com.au

If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.

Right Source Empowering Your Purpose Is Ours.