Does your nonprofit have a profit center? It’s great when you can drive toward your budget goals through donations, grants, and other “standard” nonprofit means of creating revenue. But are you missing an opportunity to deliver even more to your beneficiaries by not creating a way to charge for what you do?
Today’s guest is Tamra Ryan, CEO of the Women’s Bean Project.
This amazing organization was founded back in the 80s on an idea and $500. They turned that investment (with which they bought beans) into a thriving organization that helps employment-challenged women gain and retain employment.
Their products can be found in retail stores across the nation and that portion of their organization is run like a for-profit business. The magic happens behind the scenes where they employ and train women who otherwise would live outside of the workforce – bouncing in and out of gainful employment, and often the prison system.
This is a really great episode where we discuss setting up systems and processes to help run your nonprofit like a business and how to put some new thinking to the services your organization provides to see where other revenue streams can be activated.
Enjoy the show!
Links:
Women’s Bean Project
Action item:
Make some bean soup and have a meal with those you love.
