Association Management Blog

The Most Important Things to Consider When Creating Your Association’s Annual Budget

Posted by Tim Naughton on 12/12/16 11:59 AM


The budget: The lifeblood of any organization.

Nonprofit and for-profit organizations wrestle continually with maintaining and improving their overall operations. Regardless of tax status, organizations must constantly strive for sustainability while keeping the mission in mind.

Budgets should be a major part of every organization's plan. The budget is the realistic financial blueprint for the manifestation of an organization’s mission and goals. A well-planned budget will focus on the primary goals and objectives of the organization and provide financial and programmatic adaptability— key ingredients to maximize sustainability – for both the short and long terms.

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Topics: Association Management, Management, Finance, Budgeting

Diversifying from Dues: Ways to drive non-dues revenue for your association

Posted by Andy Freed on 10/7/14 7:00 AM

There are two truisms that affect association finances. First, most associations are financed primarily by dues. And second, when a member organization needs to cut its budget, the first line item they often look at is “Dues, fees and subscriptions.” 

So a diverse revenue stream isn’t just a “nice to have” for associations, it’s often a matter of survival. 

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Topics: Budgeting, Associations

Will it Fly?

Posted by Greg Kohn on 3/19/13 7:20 PM

One of my favorite business books is Will it Fly by Thomas McKnight, who among other ventures helped create the popular newspaper USA Today. As a serial entrepreneur and investor, McKnight decided to publish a book to guide new business owners around common missteps and pitfalls when starting a new venture. Someday I'd like to write a version of this book just for associations [after all, just because you can create a 501(c)(6) organization, it doesn't mean you should.] Until I get around to that project, I've boiled my "Will It Fly -- Association Edition" list to four main topics:

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Topics: Starting an Association, Organizational Development, Launching an Association, Conference Planning, Membership, Association, strategic counsel, Budgeting, Experience

What You Should Know Before Starting a Standards or Trade Association

Posted by Andy Freed on 10/13/11 6:25 AM

Starting a new industry association or consortium is a complex endeavor, especially in the critical first few months. If you are starting ‒ or planning on starting ‒ one of these types of organizations, this webinar replay will provide you with advice on how to get your group successfully off the ground and drive it forward.

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Topics: Starting an Association, Webinar, Founding Members, Budgeting, BOD

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CONTRIBUTORS


Andy Freed
President & CEO

Greg Kohn
Executive Vice President

Bruce Rogers
Founder & Chairman

Terry Lowney
Senior Vice President, COO

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