Tag Archives: invest

3 Areas You Should Invest in for Your Business ASAP

April 3, 2019 | 693 views

3 Areas You Should Invest in for Your Business ASAP
3 Areas You Should Invest in for Your Business ASAP

The list of things to help grow your company is long, and they are probably all good ideas. Some, however, have quicker returns and should be evaluated and improved as soon as possible.

1. Technology

For every company, there are different tech needs, but your investment in technology is for several good reasons: mainly for speed, mobility, and attractiveness to clients and prospective employees.

Good technology makes things faster—transactions, employee scheduling, referrals, and payments, for example. Increasing the speed at which you do business frees up time to simply do more business. Clients appreciate it too, because no one wants to wait for things that can be done electronically in seconds.

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Should Your Nonprofit Invest More Internally?

September 5, 2018 | 1,016 views

Should Your Nonprofit Invest More Internally?

Should Your Nonprofit Invest More Internally?

About 20% of nonprofits are grossly underfunding areas of their business, such as new technology, employee training, and fundraising expenses, according to a recently released BDO Nonprofit Standards report.  Instead, nonprofits are engaging in programmatic spending, with half of all surveyed groups saying they plan to increase their programmatic reach over the next two years. This poses a tremendous risk to future operations, according to the partner of BDO Institute for Nonprofit Excellence, the creator of this report.

 

If this sounds eerily similar to your nonprofit, here are four things you can do to restructure your budget so you’re investing more internally.

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