Ready, Set, Inflation: Nonprofit Leaders’ Guide to Preparing for Rising Prices

Are you a nonprofit leader concerned about the impact of rising levels of inflation on your organization? In this episode, we will share 7 quick tips to help you prepare for and manage the effects of inflation.

First, it's important to understand what inflation is and how it can affect your organization. Inflation is a general increase in prices and fall in the purchasing value of money. It can occur when the supply of money increases faster than the demand for goods and services, leading to a decrease in the value of money.

Listen to this episode and we will provide you with 7 quick and actionable items you can use to prepare for rising levels of inflation in less than 10 minutes!

Timestamps:

00:00 - Introduction

01:50 - Podcast Starts

02:00 - #1 - Talk to your leadership team

02:35 - #2 - Educate your staff

03:04 - #3 - Scrutinize your expenses to eliminate waste

04:10 - #4 - Consider a budget adjustment

05:20 - #5 - Start to track your funding sources

05:58 - #6 - Explore an earlier launch of a fundraising campaign

06:35 - #7 - If you have earned income, raise your prices

07:22 - Conclusion

08:15 - Honor your mission

Join us every week as we release a new podcast with information about how you can be the best board member and provide great service to your organization.

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