Today's volatile economy can leave nonprofit managers scared to plan for growth. However, only the most prepared organizations will be the ones that will continue to achieve success even when times are tough. So it's important to continue developing strategy expansions, no matter the state of the economy. Strong nonprofits don't wait until the environment is right to seek investments and work on receiving the funds that keep the organization above water. Below are a few tips managers at nonprofit organizations can use to survive and grow throughout any economic environment.

Don't assume anything
Developing new strategies to bring in funding and turn higher revenues doesn't change whether the economy is strong or when many experts are pointing toward a recession. There are no guarantees that the economy will ever turn around or go return to the times when the businesses were thriving. This is why managers at nonprofit organizations need to continue to create ways to bring in donations despite the state of the economy. Make sure that all members of the firm are on the same page when it comes to growth within the organization.

Develop new ways to connect
The economy could be limiting spending on ways to acquire new donors and initiatives that get the word out about the nonprofit. However, it's easier than many nonprofit managers think to get creative and work on inexpensive marketing initiatives that get people to learn about the organization.

Turning to social media is a great way to maximize a marketing budget. Not only does social media give nonprofit managers a cheap way to get more people to learn about the firm, but it is also a place to connect with potential benefactors and share information that may help develop new relationships that lead to gaining more funding.

Conquer the fear
It's easy for managers at nonprofit organizations to be scared to plan for growth and expansion when the economy is making things tough. While it's perfectly understandable to be have fear, embracing the opportunity and relying on cash flow projections for the upcoming year can ease the stress of the economy. When potential donors sense that everyone within the nonprofit is hesitant to work toward growth, they may be less willing to sink their funds into the organization. Staying strong during a time of doubt will ensure the nonprofit can be a success for years to come.

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