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.

So, you’re in the process of setting up a NFP and you want to ensure it has a good foundation for its governance practices. Where should you start?

In this episode we get clear on what governance is and identify components that set the foundation for governance. Do you need all of them? No, it’s about developing them on the journey and using them as tools to create alignment with your purpose throughout the organisation.

Once an initial framework of governance is established, you have a starting point. I talk through what’s next, and how governance develops to ultimately support you in achieving your 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.

Understanding your customer and who you are selling to is important in any business, but did you know it is even more important for NFPs? We need to look a bit deeper in the NFP space as we often have more to sell than the product or service we are providing.

So, in today’s episode I will discuss the practicalities of generating cash for your NFP and getting clear on the revenue side of a NFP and accessing various revenue streams.

Once you can access revenue streams, you are able to help more people.

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.

Two of the most common questions I get from people who are looking to start a not-for-profit are: "Can I pay myself?" and "Can I be on the Board while working in the NFP?"

Whether you have an NFP or are looking to set up an NFP, it can be very useful to understand the relationship and dynamics between Members, Directors and Employees. As a founder, can you be all three at once?

In today's episode, I clarify these roles and responsibilities and discuss how to achieve a balanced NFP structure.

I'll be focusing on the practicalities of starting a NFP in upcoming episodes, each will cover a different aspect for you to consider when starting up a NFP.

Download (Diagrams)
https://www.rightsource.com.au/downloads/

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.

In this podcast I talk through the NFP start-up process - from a practical point of view. What should you consider when starting your NFP journey?

If you are in the planning stages or looking to take the plunge and start your NFP journey, you might want to have a pen and some paper handy!

I'll be focusing on the practicalities of starting a NFP in upcoming episodes, each one will cover a different aspect for you to consider when starting up a NFP.

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.

In this video I share my views on the number of not-for-profits as well as touch on the role not-for-profits play, how innovation and diversity play a key role, and some data that might help further frame this conversation.

Ultimately, I believe it is important to have a strong not-for-profit sector which is supported into the future. It is a sector that has its own characteristics and nuances that are important to understand as well as potential advantages that other sectors don’t have.

If you are thinking about setting up a not-for-profit or charity, or have recently set one up, join us for the NFP Rendezvous Friday, 17 January. This is an ideal opportunity to have your questions answered and it is free to come along.

We look forward to you joining us. See the link below for details.

Rendezvous Event Details
Setting up a Not-for-Profit or Charity
Friday, 17 January - 1.00pm to 2.00pm (AEST Brisbane)
https://events.humanitix.com/nfp-governance-rendezvous-jan2025

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.