Weathering Funding Reductions and Financial Uncertainty

Summary:

This Nonprofit Quarterly Article authored by Thomas Raffa and Robert Cocchiaro presents a basic framework for dealing with financial uncertainty.

The full article is at http://www.iknow.org/pdf/Raffa_FnMgt_vol9i1.pdf

The framework presented in the article includes:
- Reconnecting the Team to the Vision
- Open Communication and Protecting Trusted Relationships
- Focusing on Your Core Mission and Strengths
- Prioritizing Activities
- Making Realistic Contingency Plans
- Developing Resources Aggressively
- Engaging Strategic Partnerships
- Managing Cash Flow

Key Conclusion: There are no golden answers to navigating uncertain times; only experience based strategies and tactics that are at the core of sound financial management during good times and are even more critical
during these uncertain times.


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