Articles written By Felicity Green
Felicity is a Strategic Advisor and Co-Founder of social business advisory firm, Spark Strategy. With an MBA from Peking University, China, Felicity brings an international lens to her work, helping organisations be more sustainable and impactful. A champion of the B Corp movement, Felicity works across the Not for Profit and Private sectors, and with Government and Philanthropy to create profit for purpose business models and partnerships to solve social problems.
All Your Eggs in the One Basket? The Importance of Diversifying Income for NFPs
Boards no doubt want to see their organisations deliver impact long into the future. And grow this impact, too. Unpredictable government funding and increasingly competitive philanthropy makes it hard to plan out future growth without the safety net of financial sustainability. Sustainability is not a year-to-year proposition, but by its very nature a long-term pursuit with short-term actions. It allows the capacity to plan ahead with predictability, and decrease dependencies on revenue streams that are out of your control.
Scaling Impact Through Cross-Sector Partnerships: A Spotlight on Shared Value
Innovation and change is not the responsibility of one sector alone. Nor can the elements of innovation and change (funds, resources, motivation, creativity, scale) be neatly carved off to individual sectors in the hope they each play their role. By bridging sector boundaries, the osmosis of ideas and practices naturally gives rise to new models where individuals and communities can thrive without overtaxing social sector resources or extinguishing private sector profit.
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