A Not for Profit can be hard to manage if you don’t have the right people to back you up. That is why we have volunteers to give us a hand. When it comes to a point that it seems like there’s no one else to turn to; remember that you’re not alone in this.

Today, I talk to Kim Miles, owner of Kim’s A-Counting bookkeeping business. We will be discussing three important points you need to consider when you’re in a club or association and you’re running with volunteers: 
Knowing that you’re helping people to get out there and get it done; 
Don’t feel like you’re in the NFP sector alone; and 
The need to run an NFP not as a business but with a business mindset.

 

Making mistakes: How do you learn from them? (6:01)
Honesty is still the best policy
You need to earn trust

The biggest mistake people who are in the “financial stretch” make (8:04)
Relying solely on volunteers
Not treating positions like a job
Having the RIGHT people in NFP jobs is really important
Find your niche
Market your niche

Strategies implemented to increase the profitability of the club (10:57)
Making tough decisions is essential every once in a while
Getting back to the grassroots
Understanding the core of being a not for profit organisation
Review the primary expectations
The importance of having a having a hard-working committee

Tips for NFPs in the financial aspect (14:09)
Get a paid bookkeeper
Get a good auditor
Train volunteers
Have direct processes with paid employees

Additional Tips for NFPs as a whole (19:05)
As a volunteer, be in the NFP for all the right reasons
Never stop enjoying what you’re doing
Understand that being in an NFP requires passion

Recommendations on specialised reports (19:55)
Reports on cash flow
Making sure everybody knows everything
Don’t bear all the weight of the issues on your shoulders

 

Who is Kim Miles?

Kim Miles has been a significant part of Capalaba Football Club, for almost two decades now. She’s had multiple roles over the years from volunteer to senior chairperson, to club secretary, to club president, to her current role as Football Queensland Administrator and NPLW Opens Team Manager. Kim is also the owner of Kim’s A-counting bookkeeping business and her experience in the Not For Profit sector has been running for more than 25 years now.

Contact Kim Miles:

Email

Website

This podcast is brought to you by Platinum Audits. Your “go-to” for all your auditing needs and concerns.

A Not for Profit can be hard to manage if you don&rsquo;t have the right people to back you up. That is why we have volunteers to give us a hand. When it comes to a point that it seems like there&rsquo;s no one else to turn to; remember that you&rsquo;re not alone in this.
Today, I talk to Kim Miles, owner of Kim&rsquo;s A-Counting bookkeeping business. We will be discussing three important points you need to consider when you&rsquo;re in a club or association and you&rsquo;re running with volunteers:&nbsp;
<ol>
<li>Knowing that you&rsquo;re helping people to get out there and get it done;&nbsp;</li>
<li>Don&rsquo;t feel like you&rsquo;re in the NFP sector alone; and&nbsp;</li>
<li>The need to run an NFP not as a business but with a business mindset.</li>
</ol>
&nbsp;
Making mistakes: How do you learn from them? (6:01)
<ul>
<li>Honesty is still the best policy</li>
<li>You need to earn trust</li>
</ul>
The biggest mistake people who are in the &ldquo;financial stretch&rdquo; make (8:04)
<ul>
<li>Relying solely on volunteers</li>
<li>Not treating positions like a job</li>
<li>Having the RIGHT people in NFP jobs is really important</li>
<li>Find your niche</li>
<li>Market your niche</li>
</ul>
Strategies implemented to increase the profitability of the club (10:57)
<ul>
<li>Making tough decisions is essential every once in a while</li>
<li>Getting back to the grassroots</li>
<li>Understanding the core of being a not for profit organisation</li>
<li>Review the primary expectations</li>
<li>The importance of having a having a hard-working committee</li>
</ul>
Tips for NFPs in the financial aspect (14:09)
<ul>
<li>Get a paid bookkeeper</li>
<li>Get a good auditor</li>
<li>Train volunteers</li>
<li>Have direct processes with paid employees</li>
</ul>
Additional Tips for NFPs as a whole (19:05)
<ul>
<li>As a volunteer, be in the NFP for all the right reasons</li>
<li>Never stop enjoying what you&rsquo;re doing</li>
<li>Understand that being in an NFP requires passion</li>
</ul>
Recommendations on specialised reports (19:55)
<ul>
<li>Reports on cash flow</li>
<li>Making sure everybody knows everything</li>
<li>Don&rsquo;t bear all the weight of the issues on your shoulders</li>
</ul>
&nbsp;
Who is Kim Miles?
Kim Miles has been a significant part of Capalaba Football Club, for almost two decades now. She&rsquo;s had multiple roles over the years from volunteer to senior chairperson, to club secretary, to club president, to her current role as Football Queensland Administrator and NPLW Opens Team Manager. Kim is also the owner of Kim&rsquo;s A-counting bookkeeping business and her experience in the Not For Profit sector has been running for more than 25 years now.
Contact Kim Miles:
<a href="mailto:kimsaccounting@bigpond.com">Email</a>
<a href="http://www.kims-a-counting.com.au/">Website</a>
This podcast is brought to you by Platinum Audits. Your &ldquo;go-to&rdquo; for all your auditing needs and concerns.

There are many not for profit organisations in the world, all with different goals and objectives. Some of them succeed while some don’t. Running or setting up a not for profit is rife with challenges and responsibilities.

That's why The Not For Profit Podcast exists. This podcast will guide you through all things not for profit. You have questions, you say? We have the answers—anything from the basics of setting up one to finance and board compliance.

There are no limits to what this show will cover. So for all not for profit organisations, sit back and take in all the great insights we’ve got for you.

There are many not for profit organisations in the world, all with different goals and objectives. Some of them succeed while some don&rsquo;t. Running or setting up a not for profit is rife with challenges and responsibilities. That's why The Not For Profit Podcast exists. This podcast will guide you through all things not for profit. You have questions, you say? We have the answers&mdash;anything from the basics of setting up one to finance and board compliance. There are no limits to what this show will cover. So for all not for profit organisations, sit back and take in all the great insights we&rsquo;ve got for you.

Advertisement