Struggling? Try running your organization like a business

Description

Abstract: Nonprofits that are struggling and unsure how to move forward should consider adopting some corporate business practices. Though the essential missions of corporate businesses and nonprofits are different, the ways to achieve them often are the same. This article addresses goal-setting, budgeting, executive compensation and transparency. A sidebar explains why goals should be SMART — Specific, Measurable, Attainable, Realistic and Timely.