Five ways of being more financially resilient without increasing income

We really liked this blog from Kita Jiwani at NCVO about how being financially resilient isn’t just about increasing your income. They make five short points about other things you need to do to be financially resilient:

Define your strategy (and stick to it, then only bid for grants that focus on that)

Look outwardly (partnerships, awareness of competitors and comparators and what they are doing – keep talking!)

Evidence your impact (AIM will be publishing a toolkit this Autumn to help do this)

Invest in your staff (and volunteers! We all know how central people are to our museums being successful)

Stay efficient (look at project costs and core costs)

To see what NCVO say about these things read their blog: Staying afloat without more revenue | NCVO Blogs.

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