Running a Non-Profit Like a For-Profit Business

To succeed, a nonprofit organization must be efficient as well as effective.  The key to effectiveness and efficiency is a combination of management and accounting.  .  Combining some of the business world's proven management practices with others designed especially for the nonprofit, offers the modern nonprofit organization a much better chance of effective and efficient mission accomplishment.  That, together with efficient and effective accounting practices which produce quality financial information and transparency to the public, can be a winning combination for the nonprofit organization of the twenty-first century.

Objectives

• Motivate Board Members
• Manage working capital
• Maximize the use of resources

Prerequisite: None