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  • Share your best practices!

    Hi everyone,

    We here at Philanthropy University recognize that you guys, our learners, are experts in what you do. For that reason, we want to to hear your best practices for common challenges you face in your work.

    Make sure to click the “vote” button on others’ responses that you agree with or are helpful to you!

    • What are your organization's best practices for financial management?
  • Financial projections in the business plan:

    • Be clear about what drives the business.

    • To have facts backing up our assumption.

    • Be optimistic, but also realistic

    • Pay attention to investors' goals and interest.

    • Choose the right level of detail.

    • Make projections for 3 to 5 years.

    • Cash plan on a monthly basis.

    1 Reply
  • @unia said in Share your best practices!:

    Financial projections in the business plan:

    • Be clear about what drives the business.

    • To have facts backing up our assumption.

    • Be optimistic, but also realistic

    • Pay attention to investors' goals and interest.

    • Choose the right level of detail.

    • Make projections for 3 to 5 years.

    • Cash plan on a monthly basis.

    This is awesome @Unia ! Thanks for sharing these. Are there any tools that your organizations use to help with these points that you can recommend, such as the multi-year projections or general accounting?

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