Revenues Matter, But Net INCOME Is The Bottom Line!
One of the weakest areas of leadership planning often arises from how someone analyzes budgetary numbers, and how commonly a disproportionate amount of time is spent on mere numbers, including gross revenues, membership numbers, or monies raised through a variety of different fundraising mechanisms, programs and ideas.
While it is certainly a good goal to enhance revenues and income producing ideas and programs, every great leader realizes that the sustainability and relevance of any group depends on what is considered profits in for - profit corporations, or the bottom line when it comes to evaluating any budget for any type of organization or group.
While revenues often are a sign of popularity of a product or service, or how much others feel something is worth, it is far more relevant and useful to rely fat more on net INCOME.
The definition of net income is the difference between revenues (gross income collected and/ or raised) and the costs (or expenses).
1.
A leader must pay attention to what the intent is, and how what is being done will directly impact the organization.
Great leadership must avoid the tendency to focus merely on image or imagery, but rather needs to seek the ideals of enhancing and/ or growing the group, and its abilities.
2.
Net is the difference between merely expending lots of time, effort and energies, and making a true and meaningful difference.
NEVER confuse working hard and raising funds with doing so in a manner that truly meets the needs of the group, in a no - nonsense manner.
3.
How often have you heard that cash is king, yet while it is an important aspect and consideration for any group, it is far more important to see and visualize what, if any difference, a concept of cooperation makes, and whether there is a credit - worthy manner used? If you raise a million dollars, but it costs you a million and a half, what good does it really serve? 4.
Knowing and fully understanding opportunities and options enhances the possibilities of meaningful success.
If you fail to recognize the possibilities to enhance the potential for succeeding, all the greatest and sincerest intents will fail to overcome the obstacles.
5.
Money will never assurance either happiness or success, but meaningful planning will maximize the merit of the programing or plan.
6.
When you focus on enhancing the bottom line, it means you realize that it is often easier to control or limit expenses or expenditures than to try to increase revenues.
Those who trust quality budgeting place a significant amount of effort on the impact their actions will have.
When you raise a lot of monies without considering costs, you rarely create a sustainable atmosphere.
While revenues may often indicate trends and tendencies, they are only meaningful when looked at from the perspective of actual, net INCOME.
While it is certainly a good goal to enhance revenues and income producing ideas and programs, every great leader realizes that the sustainability and relevance of any group depends on what is considered profits in for - profit corporations, or the bottom line when it comes to evaluating any budget for any type of organization or group.
While revenues often are a sign of popularity of a product or service, or how much others feel something is worth, it is far more relevant and useful to rely fat more on net INCOME.
The definition of net income is the difference between revenues (gross income collected and/ or raised) and the costs (or expenses).
1.
A leader must pay attention to what the intent is, and how what is being done will directly impact the organization.
Great leadership must avoid the tendency to focus merely on image or imagery, but rather needs to seek the ideals of enhancing and/ or growing the group, and its abilities.
2.
Net is the difference between merely expending lots of time, effort and energies, and making a true and meaningful difference.
NEVER confuse working hard and raising funds with doing so in a manner that truly meets the needs of the group, in a no - nonsense manner.
3.
How often have you heard that cash is king, yet while it is an important aspect and consideration for any group, it is far more important to see and visualize what, if any difference, a concept of cooperation makes, and whether there is a credit - worthy manner used? If you raise a million dollars, but it costs you a million and a half, what good does it really serve? 4.
Knowing and fully understanding opportunities and options enhances the possibilities of meaningful success.
If you fail to recognize the possibilities to enhance the potential for succeeding, all the greatest and sincerest intents will fail to overcome the obstacles.
5.
Money will never assurance either happiness or success, but meaningful planning will maximize the merit of the programing or plan.
6.
When you focus on enhancing the bottom line, it means you realize that it is often easier to control or limit expenses or expenditures than to try to increase revenues.
Those who trust quality budgeting place a significant amount of effort on the impact their actions will have.
When you raise a lot of monies without considering costs, you rarely create a sustainable atmosphere.
While revenues may often indicate trends and tendencies, they are only meaningful when looked at from the perspective of actual, net INCOME.
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