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012: Getting Your Nonprofit to Stand the Test of Time
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In this episode, Kurt is joined by R. Shawn McBride, Founder and Managing Member of the R. Shawn McBride Law Firm. In this episode, Shawn and Kurt discuss the best ways to make your nonprofit stand the test of time and create a lasting impact on the community that it serves. In order to create something of lasting value, the appropriate policies and procedures need to be put into place, so tune in to find out how you can do that for your nonprofit organization.
Key Takeaways:
[1:25] Kurt introduces his guest for this episode — R. Shawn McBride.
[3:33] What are some things that people need to be aware of when they're starting or taking over the leadership of a nonprofit?
[4:16] Shawn talks about the Four Ds that nonprofits need to be prepared to deal with.
[5:54] A nonprofit is not the same as a sole proprietorship; it is more of a public corporation.
[8:14] Kurt and Shawn discuss the risks of running a nonprofit, using a real life situation of what's happening with the homeless youth in Hernando County.
[9:33] How can we think strategically about problems to ensure we are resolving them in the long run instead of merely putting band aids on hemorrhages?
[11:42] How does a nonprofit go about finding the right people for their board?
[13:03] Sharing a mission and believing in a cause is great, but what comes next?
[14:22] A lot of what applies to for-profit businesses, also applies to nonprofit businesses!
[15:40] What's the first thing that can be done to keep the stakeholders of a nonprofit safe?
[17:59] Going back to the situation of homeless youth in Hernando County, Shawn assesses the risks for a solution Kurt proposes.
[21:32] What is Shawn's advice for someone who is passionate about starting a nonprofit?
[23:25] What is Shawn's favorite book or resource that can help with early stage planning?
[24:55] Shawn leaves us with some words of encouragement.
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