“Nonprofits should be run like a business” – this is a popular philosophy that often influences how nonprofits approach strategic planning and operational management. Adopting a business mindset for a nonprofit can help create better financial sustainability and improved operational outcomes. For instance, for the same reasons a for-profit business should always aim for its revenue to exceed its expenses, so too should a nonprofit. While ‘thinking like a business’… Read More »Nonprofits need to rethink the ‘business plan’