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Making Smart Revenue Choices

October 26 @ 12:00 pm1:00 pm EDT

Making Smart Revenue Choices // Virtual Lunch & Learn

All organizations must make important decisions about revenue to ensure ongoing financial solvency. Some nonprofits generate all their revenue from fees charged for services and products. Other nonprofits — many churches, for example — charge little to nothing for their products and services and must generate alternative revenue sources.

A critical question for nonprofit managers is how to generate sufficient revenue to cover budgeted expenses. The common wisdom dictates pursuing diversified revenue to provide the best chance of generating enough revenue. However, many question this one-size-fits-all approach. Alternative approaches can help nonprofit managers be more confident in the specific revenue strategies they pursue for their organizations.

Join special guest Bill Cleveland to learn more about:

  • Making wise pricing decisions
  • Alternative revenue approaches based on the size of your organization
  • Nurturing one revenue source before adding others
  • Planning for revenue source fluctuation
  • Interpreting academic research about finances with a skeptical eye

Price: Free
Format: Virtual

 
Questions about this event or about your registration?
Call 616-331-7585 or email jcp@gvsu.edu.

Photo of Bill Cleveland
William Cleveland, Ph.D., M.B.A., M.E.M., centers his academic life as a lecturer at the University of Wisconsin Milwaukee’s Department of Public and Nonprofit Administration, where he teaches the quantitative distribution course and social entrepreneurship, previously teaching a dozen different graduate and undergraduate courses at five institutions. His research focuses on busting myths, publishing on long-term trends in faith-based organizations, nonprofit history, and teaching. Forthcoming papers research nonprofit finance, Caribbean history, and teaching. His private sector work includes finance, operations, marketing, and digital media. He has volunteered for and served on the board of numerous nonprofits, founding several and generating millions of dollars of revenue for organizations through innovative means.

Details

Date:
October 26
Time:
12:00 pm–1:00 pm EDT
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