Summary: In today’s podcast episode, Beate Chelette from The Women’s Code and Stephen Halasnik from Financing Solutions discuss how to grow and scale a nonprofit business using a 5-Star success blueprint. These solutions are helping nonprofits make a greater impact on the communities they serve.
Summary
Step 1: The Idea
The first stage in the success blueprint involves developing a business idea. No other stage can be executed until a solid idea is established. When nonprofit leaders are passionate about an idea, the clearer it becomes who the idea is for and what problems the idea solves. In order for the idea to be well-executed, plans should be written and communicated with everyone involved. Sponsors and Donors should have a clear vision of the idea as well in order to best aid in its progress and grow the business.
Step 2: The Offer
The offer is the product or service provided to customers and the community. It is important for nonprofit leaders to keep in mind the problem that the product or service will solve. The offer should be aligned with the idea as well as the other stages in the blueprint. Businesses grow when their products and services leave an impact on their users.
Step 3: The Systems
This stage involves developing the processes, procedures, and best practices for implementing the idea. Systems cannot be put into place until both the idea and offer are clear. Some nonprofits make the mistake of building their business around a solution they have purchased that doesn’t best suit the business. Procedures should be put into place that tells members of the organization how to use the systems and what they are being used for.
For nonprofits, systems are also used to show results. It is important for leaders of nonprofits to be able to show donors tangible results of their gifts. Updating systems and ensuring that they align with your organizational goals can help businesses double in growth and impact.
Step 4: Teams
This stage in the blueprint involves the employees of the organization. It is beneficial for nonprofits put first put systems into place, figure out the capability of the system, then hire the correct people that can fulfill certain functions. Each employee plays a special role in the execution of systems and procedures.
Step 5: Leadership
Leaders of nonprofits must be connected to the idea and to the team. The system, team, and offer are all a part of the business development aspect. It is the leadership’s responsibility to ensure that an organization has all of the necessary resources needed for business development and maintenance as ideas progress.
Research is important for both employees and executives to take part in. Conducting research gives leadership insight on which solutions are best for their business and the type of people needed to help execute those solutions.
About Beate Chelette from The Women’s Code
Beate Chelette is the Growth Architect® and Founder of The Women’s Code® and provides strategy development blueprints and results-oriented, tangible tools and techniques for Entrepreneurs, Workplaces, and Organizations that unify your teams, give you clear steps to improve your business systems and strengthen your leadership skills.
A first-generation immigrant who found herself $135,000 in debt as a single parent, Beate bootstrapped her passion for photography into a highly successful global business and eventually sold it to Bill Gates in a multimillion-dollar deal. She is amongst the “Top 100 Global Thought Leaders” by PeopleHum and “One of 50 Must-Follow Women Entrepreneurs” by HuffPost.
Recent clients include Chevron, Merck, Shelter Inc., Mental First Aid, WiTH (Women in Technology Hollywood,) the Women’s Legislative Caucus of California Cal State University Dominguez Hills, the Association of Corporate Growth, Advertising Agency TracyLocke, and thousands of small businesses.
Beate is the author of the #1 International Award Winning Amazon Bestseller “Happy Woman Happy World – How to Go from Overwhelmed to Awesome”–a book that corporate trainer and best-selling author Brian Tracy calls “a handbook for every woman who wants health, success and a fulfilling career.”
About The Host Stephen Halasnik, Financing Solutions
Stephen Halasnik is the host of the popular, The Nonprofit MBA Podcast. The Nonprofit MBA podcast’s purpose is to help nonprofit leaders. Stephen is the Co-founder and Managing Partner of Financing Solutions, a leading provider of loans for nonprofits in the form of Lines of Credit to nonprofits. Stephen is a best-selling Amazon author and is considered a leading authority on building great, purpose-driven businesses. Stephen lives in New Jersey with his wife, Gina. Mr. Halasnik’s number one purpose is raising his two boys, Michael and Maxwell, to be good men.
10% of profits from Financing Solutions is donated to charity.