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It seems like one once-in-a-lifetime crisis was just ending when another threatens to overshadow it. From the COVID-19 pandemic to a military conflict, global calamities usually hit the most vulnerable organizations like nonprofits in various ways. Thankfully, there are always options that can help organizations survive and thrive. Here are some solutions to the most significant challenges nonprofits face today:
#1 Fundraising
During times of economic instability, nonprofits that rely on donations from people and funding from governments usually suffer revenue shortfalls. However, many counter this byutilizing some of the following creative methods:
- Social media marketing
- Social media challenges
- Virtual fundraisers
- Virtual classes
- Virtual watch parties
- Virtual silent auctions
- Virtual workshops
- Virtual tours
- Virtual talent shows
- Game nights
- Crowdfunding campaigns
- Walk-a-thons
- Raffles
- And more
#2 Costs
Costs are rising globally for organizations of all types. But while for-profit organizations can meet these challenges by raising prices, nonprofits find it more difficult to shield themselves from higher expenses. Tightening the belt isn’t easy, but some creative solutions can come in handy.
Many nonprofits use cost-effective software that offers multiple functions. Take Sumac’s nonprofit CRM as an example. It features cutting-edge features like top membership management software while also being reasonably priced. In fact, it’s free for specific nonprofits that qualify. Similarly, your nonprofit can find other powerful word processing, accounting, videoconferencing, and fundraising software that’s completely free to use for nonprofits.
Another way to slash operational costs is to adopt remote working measures to save expenses like rent, electricity, transportation etc. You can also sell unneeded equipment to increase cash flow. Joining buying collectives can also help your nonprofit purchase essential products at a discount. Alternatively, try negotiating prices with your long-time supplier to get your essential items at a more affordable price. Or look for new sources.
#3 Morale
Several nonprofits report that their staff face mental health issues due to the rising challenges. From COVID-19 to isolation to work-related problems, employees are feeling stressed. One of the best ways to prevent this is to run team-building exercises like events and office games. If your team works remotely, you can still use software to connect through the Internet. Please also consider rewarding employees with gift cards, t-shirts, and other prizes.
Empowering employees can also help boost morale. Have team members take turns leading team meetings every week, engage with all levels of management, and implement fresh ideas from your staff.
Finally, you can significantly boost your nonprofit’s morale by leading from the front and being open and honest with your team. Your staff will certainly appreciate your candid approach.
#4 Cybersecurity
Hackers are targeting nonprofits with little regard nowadays, stealing money and data, using ransomware, spyware, viruses, rootkits, Trojans, and different types of scams. These breaches damage an organization’s reputation and hurt its productivity. Nonprofits have no choice but to secure themselves with authentic VPN software, firewalls, anti-malware software, cybersecurity training, and sophisticated password protection measures.
These are four of the biggest challenges that nonprofits face today. Countering them with the right solutions is critical for the future of your beloved company.
