HOW TO BUDGET FOR NEW PROGRAMS
When developing a budget for a new program or project, you do not have the advantage of looking to the past in order to forecast the future. What do you do? Throw your hands up in despair? Because this will not get you where you want to go, I recommend that you do something much more productive in building a budget for a new endeavor.
First, if possible, contact colleagues at other nonprofit organizations that have been running similar programs for a few years. Ask these folks what the most significant budgeting decisions were that they had to make in the program’s earlier years. Invite them to share with you the budgeting lessons they learned along the way. During my years in the nonprofit field, I have found ...
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