Being a non-profit entity does not mean that the organization cannot create revenue to be on par with a for-profit entity. When assisting non-profit organizations whether they be education, healthcare or general business focused, there is often a misconception as to what non-profit means.

 

When assisting healthcare entities that are non-profit, you might notice that facilities seem less up to date or invested in. Typically these organizations also will have smaller budgets for staffing and staff salaries, than traditional for-profit providers. These accepted scenarios, do not need to be the normal standard for non-profit entities. 

 

The true essence of a non-profit is that all profit earned in a given year is invested directly back into the business itself or used for sustainability purposes for the entity, but this does not need to mean the achievement of break-even within operations or the creation of a small profit point to be invested back into core services.

 

Some of the most successful non-profit entities have mechanisms to ensure that there is balance within their operations, to encourage a for-profit operational mentality so that the organization may grow and re-invest in core services and expand upon their operational goals. Non-profit does not need to mean out-dated, out-moded, or inadequate in reference to the delivery and provision of services. This is true regardless of the industry of focus.

 

Whether the focus is the education industry which is often non-profit, or certain entities within healthcare that are non-profit, there needs to be a greater focus upon sustainability with the resources at hand.  Innovation in terms of programming and the way services are delivered as well as multi-year financial and planning goals as they relate to capital projects, core investment of services, and even a focus on growth are all needed for the success of the organization.

 

Whether you are a non profit entity or for profit entity, contact us today to discuss business optimization for strategic growth and revenue enhancement. Whether non profit or for profit, there are optimization tools that allow for the reduction of expenses and enhancement of revenue with the focus upon sustainability in present and future operations.  See how we may assist today.