Is your nonprofit profitable?
Do you plan to run a surplus every year?
When you cost out projects for funders or donors, do you include a profit margin?
If that sounds like something you would like to do, but struggle to do, today’s episode is for you. Because we’re not talking about generating more revenue—we’re talking about how to keep more of your revenue, using Profit First.
Simply put, Profit First is an easy method of distributing your income into different bank accounts that are designated for different purposes.
Mike Michalowicz, founder of Profit First and author of a book by the same name, joins us on the podcast today to walk through how you can implement Profit First at your nonprofit. So you can invest for the future growth of your organization.