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Nonprofit Policy Review Checklist

Board Effect

The National Council of Nonprofits recommends that nonprofit boards review their policies on an annual basis. It’s important to conduct an annual review of your policies so that your nonprofit organization remains in legal compliance and avoids liability issues. Take as many meetings as you need to do a thorough review.

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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

In the last several years, we’ve seen a number of new online services and software that are designed to help business owners track their income and payables. What kinds of habits should an entrepreneur cultivate so that financial management is done in an ongoing manner?

Finance 217
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Experts share tips for mission-driven organizations on DE&I

Board Effect

Research from Diversity Council Australia’s Inclusion@Work Index consistently shows organizations that focus on building an inclusive workplace are more productive, high-performing and better at managing problems and identifying risks. It’s about harnessing different perspectives to develop effective solutions and deliver meaningful impact.

Ireland 52
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Turn What-if to What-Now: The Importance of Scenario Analysis

Up and Running

” It’s been a favorite management tool of mine since my time as VP for a market research firm, and it’s a method I used for decades growing a software company from zero to well over $10 million in annual sales. You have to have good numbers to optimize your management. Tips for developing scenarios with a spreadsheet.

Forecast 120
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How to Raise Startup Funding from Unlikely Angel Investors

Up and Running

I’m a mom, a full-time sales manager, and recruiter. Angels invest in one out of every forty deals they review (2.5%) versus the one out of 400 by VC’s (0.25%). Your dentist may want to invest in your new software, but she doesn’t know what SaaS is, and Software as a Service doesn’t help her, either. Go for the gut.

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How to Improve Cash Flow

Up and Running

Reviewing vendor pricing, eliminating frivolous expenses, and investing in time-saving tools are typical cost-cutting efforts you’re likely revisiting on a monthly, quarterly, and annual basis. One simple way to improve cash flow is to review and clean up your financial statements. Forecast cash flow and manage that forecast carefully.

Forecast 114
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12 Ways to Stay on Top of Your Business Finances

Up and Running

Savvy entrepreneurs make time to review their business’s books regularly. To find out more about how actual business owners approach monitoring their financials, we asked Young Entrepreneur Council members this question: How often do you review your business’s financials? Review your main financial statements.

Finance 89