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Clubs and Associations: NFP Mindset
Manage episode 247108628 series 2576877
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A Not for Profit can be hard to manage if you don’t have the right people to back you up. That is why we have volunteers to give us a hand. When it comes to a point that it seems like there’s no one else to turn to; remember that you’re not alone in this.
Today, I talk to Kim Miles, owner of Kim’s A-Counting bookkeeping business. We will be discussing three important points you need to consider when you’re in a club or association and you’re running with volunteers:
- Knowing that you’re helping people to get out there and get it done;
- Don’t feel like you’re in the NFP sector alone; and
- The need to run an NFP not as a business but with a business mindset.
Making mistakes: How do you learn from them? (6:01)
- Honesty is still the best policy
- You need to earn trust
The biggest mistake people who are in the “financial stretch” make (8:04)
- Relying solely on volunteers
- Not treating positions like a job
- Having the RIGHT people in NFP jobs is really important
- Find your niche
- Market your niche
Strategies implemented to increase the profitability of the club (10:57)
- Making tough decisions is essential every once in a while
- Getting back to the grassroots
- Understanding the core of being a not for profit organisation
- Review the primary expectations
- The importance of having a having a hard-working committee
Tips for NFPs in the financial aspect (14:09)
- Get a paid bookkeeper
- Get a good auditor
- Train volunteers
- Have direct processes with paid employees
Additional Tips for NFPs as a whole (19:05)
- As a volunteer, be in the NFP for all the right reasons
- Never stop enjoying what you’re doing
- Understand that being in an NFP requires passion
Recommendations on specialised reports (19:55)
- Reports on cash flow
- Making sure everybody knows everything
- Don’t bear all the weight of the issues on your shoulders
Who is Kim Miles?
Kim Miles has been a significant part of Capalaba Football Club, for almost two decades now. She’s had multiple roles over the years from volunteer to senior chairperson, to club secretary, to club president, to her current role as Football Queensland Administrator and NPLW Opens Team Manager. Kim is also the owner of Kim’s A-counting bookkeeping business and her experience in the Not For Profit sector has been running for more than 25 years now.
Contact Kim Miles:
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