A SOURCE for Tools, Advice, and Training to control risks… so you can Focus on your Nonprofit's mission. | |
September 19, 2012 Best Friends Forever? Don’t Be a Naïve or Disappointed PartnerAt some point in our childhood, many of us share a ‘best friends’ gift with another person. For me, it was a set of necklaces that fit together like puzzle pieces. One necklace belonged to me, and the other belonged to my best friend. They were cheap and shiny, and I imagined us wearing them well into old age. Ironically, just a few months passed and my ‘best friend’ lost her necklace. It was probably the first time in my life that I felt like a chump. I had made an agreement with that girl to be best friends forever, and she dumped me for a new friend with prettier necklaces. Entering any kind of partnership is risky; it’s simply impossible to predict how things will turn out. Here are some partnering tips that should help you hang on to your nonprofit’s shiny reputation and assets.
Managing the risks that arise from partnerships begins with reflecting on how conflicts will be handled before they arise, and continues with having the courage to raise difficult issues with your partners, conducting due diligence before you say “I do,” and putting partnership expectations in writing. Following these tips will enable your nonprofit to reduce the risk that your shiny reputation and valuable assets will be tarnished or lost in your next partnership. Erin Gloeckner recently joined the Center as Project Manager after completing a summer-long internship. As Project Manager she coordinates and supports consulting projects for a diverse array of clients and is working on a brand-new book on managing partnership and fundraising risks. She welcomes your feedback on this article or questions about risk issues at erin@nonprofitrisk.org or (202) 785-3891. |
2012 WebinarsThe First Wednesdays program is a 12-part series of 60-minute live and recorded webinars covering a wide range of risk-inspired topics. The 2012 series continues on October 3, 2012 with a program on Managing Special Event Risks. Learn more or register. Still AvailableThe recording of the July 2012 webinar, Reporting Success: What’s the Risk?, is now available for leaders who missed the live program. To purchase the recording of this contact-packed, practical education program, click here, scroll down and choose Add to Cart after the description of the program. Policy Drafting Help is a Click Away: My Risk Management PoliciesIf you’re looking for help developing custom risk management policies for your nonprofit, look no further. The Center is pleased to offer My Risk Management Policies, an affordable, easy-to-use online tool that helps you create custom policies in a matter of minutes. Policy templates are organized into 22 categories. Creating a new social media policy, youth protection policy or code of conduct is a snap using My Risk Management Policies, and requires far less time that it takes to find a mildly suitable sample using an Internet search engine. |
Pass it On!If you enjoy reading the Center’s enews and know others who would as well, please use the Forward email link that appears at the bottom of this issue. The link offers an easy way to share this issue with a colleague. When you use the link your colleague will receive an invitation to subscribe. | |
© 2012 Nonprofit Risk Management Center |