In life, there are different phases and stages we go through. No matter what phase or stage you are in, you will always look forward to that “one step higher”. But getting there is not by chance. You have to think strategically and be passionate about what you’re doing.

Today, Julie Mckenna, Owner and Chief Financial Officer of Friends with Dignity will tell us about her story. She will share with us how passion and sacrifice brought her to where she is right now. Furthermore, Julie will reveal to us what it truly takes to build something for the next level.

If you’re at a point where you’re ready to take the next step higher—listen and tune in to today’s episode.

 

Julie’s Backstory(1:45)
Julie recounts starting as a volunteer in the NFP sector.
Julie used to belong to the corporate industry as an international investment banker.
Julie explains that Friends with Dignity is an NFP that assists men, women and/or children who have been victims of domestic violence.
What experience did Julie go through that made her stand strongly for an NFP such as Friends with Dignity?
How Julie managed to take the leap of faith from a well-paying sector(the corporate world) to the NFP sector
Julie gives a little insight about how passion and sacrifice both come together for the sake of pursuing advocacy in the NFP sector.

 

The Hardest Role in Being the Founding Director and CFO of Friends with Dignity (8:44)
The difference of working in the corporate world in contrast to Julie’s role at Friends with Dignity.
What are some of the hurdles a volunteer-based NFP has to face, especially when talking about availability and time?
Julie shares the struggles they are currently facing—the transition of one person taking on multiple roles to bringing in a team that will take on individual roles.
Identifying the tipping point—Julie talks about what made her decide to bring more people in to do the individual tasks.

 

The Startup Stage: How did Julie coordinate with her co-directors? (13:49)
Tailoring one’s skills and capabilities according to the needs of the different sectors in the business.
Julie emphasizes the importance of auditing in the startup.
Transparency and excellent communication was and still is the vital element that allowed Friends with Dignity to work and grow.

 

Time Machine: If Julie was to go back, would she change anything? (17:19)
Hiring more specialists.
Having an in-depth understanding of their NFP organization.
Taking the AICD course earlier—Julie recommends it.

 

Julie’s Piece of Advice (19:16)
Take the AICD course.
Think more strategically about who you have on the board.

 

Who is Julie Mckenna?

Julie Mckenna is the Owner and Chief Financial Officer of Friends with Dignity. For Julie, NFPs have been her passion ever since. After experiencing a tragic loss because of domestic violence, Julie pushed for assisting men, women, and children who have been victims of domestic violence.

 

Contact Julie Mckenna:

Website

Facebook

In life, there are different phases and stages we go through. No matter what phase or stage you are in, you will always look forward to that &ldquo;one step higher&rdquo;. But getting there is not by chance. You have to think strategically and be passionate about what you&rsquo;re doing.
Today, Julie Mckenna, Owner and Chief Financial Officer of Friends with Dignity will tell us about her story. She will share with us how passion and sacrifice brought her to where she is right now. Furthermore, Julie will reveal to us what it truly takes to build something for the next level.
If you&rsquo;re at a point where you&rsquo;re ready to take the next step higher&mdash;listen and tune in to today&rsquo;s episode.
&nbsp;
Julie&rsquo;s Backstory(1:45)
<ul>
<li>Julie recounts starting as a volunteer in the NFP sector.</li>
<li>Julie used to belong to the corporate industry as an international investment banker.</li>
<li>Julie explains that Friends with Dignity is an NFP that assists men, women and/or children who have been victims of domestic violence.</li>
<li>What experience did Julie go through that made her stand strongly for an NFP such as Friends with Dignity?</li>
<li>How Julie managed to take the leap of faith from a well-paying sector(the corporate world) to the NFP sector</li>
<li>Julie gives a little insight about how passion and sacrifice both come together for the sake of pursuing advocacy in the NFP sector.</li>
</ul>
&nbsp;
The Hardest Role in Being the Founding Director and CFO of Friends with Dignity (8:44)
<ul>
<li>The difference of working in the corporate world in contrast to Julie&rsquo;s role at Friends with Dignity.</li>
<li>What are some of the hurdles a volunteer-based NFP has to face, especially when talking about availability and time?</li>
<li>Julie shares the struggles they are currently facing&mdash;the transition of one person taking on multiple roles to bringing in a team that will take on individual roles.</li>
<li>Identifying the tipping point&mdash;Julie talks about what made her decide to bring more people in to do the individual tasks.</li>
</ul>
&nbsp;
The Startup Stage: How did Julie coordinate with her co-directors? (13:49)
<ul>
<li>Tailoring one&rsquo;s skills and capabilities according to the needs of the different sectors in the business.</li>
<li>Julie emphasizes the importance of auditing in the startup.</li>
<li>Transparency and excellent communication was and still is the vital element that allowed Friends with Dignity to work and grow.</li>
</ul>
&nbsp;
Time Machine: If Julie was to go back, would she change anything? (17:19)
<ul>
<li>Hiring more specialists.</li>
<li>Having an in-depth understanding of their NFP organization.</li>
<li>Taking the AICD course earlier&mdash;Julie recommends it.</li>
</ul>
&nbsp;
Julie&rsquo;s Piece of Advice (19:16)
<ul>
<li>Take the AICD course.</li>
<li>Think more strategically about who you have on the board.</li>
</ul>
&nbsp;
Who is Julie Mckenna?
Julie Mckenna is the Owner and Chief Financial Officer of Friends with Dignity. For Julie, NFPs have been her passion ever since. After experiencing a tragic loss because of domestic violence, Julie pushed for assisting men, women, and children who have been victims of domestic violence.
&nbsp;
Contact Julie Mckenna:
<a href="https://www.friendswithdignity.org.au/">Website</a>
<a href="https://www.facebook.com/FriendsWithDignity/">Facebook</a>

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.

The Not For Profit Podcast

Thinking Strategically in a NFP

You may find yourself getting lost in your job and forgetting about yourself and your family in the process. When this happens, it also affects how you interact and work with others. By learning how to draw the line between being doing good work and overworking yourself, you can positively affect your relationship with yourself, your loved ones, and your coworkers.

In today’s episode, we will be talking with Brett Ryan, CEO of Focus on the Family, about three main points: 1) having work and life balance, 2) taking care of yourself, and 3) keeping your tasks in line with the NFP’s mission.

Tune in and know more about how you can become a better person for yourself, your family and your company.

 

About Brett Ryan (2:44)
He has been a husband for 30 years and a father of three sons.
He is also a former critical care nurse.
Brett was a children’s and family pastor in Melbourne for 12 and a half years.
He is currently the CEO of Focus on the Family for six and a half years.

Work and Life Balance (5:01)
Set some parameters.
Learn how to delegate tasks.
Learn to prioritize.
Spend time with your family.
Treat your special someone like a bank account: deposit quality time before making withdrawals.

Taking Care of Yourself (10:38)
Self-care is vital.
Let other people care for you.
Have someone to talk with about yourself.
Avoid taking all the burden and let yourself share it with others.

Being a Team Builder (15:06)
Teach by modelling what needs to be done.
Delegate tasks.
Do not micromanage.
Empower your people.
Learn how to take care of others.
Do not be afraid to take charge.
Learn from others.
Work hard.

Avoiding AnalysisParalysis (17:06)
Know who to listen to.
Older people have more experience and have old school thinking.
Look for people who are more cutting edge and innovative.
Learn to discern what is best for your people in the long-term.

Keeping Yourself on Track (18:42)
Stay true to your foundations.
Uphold your core values.
Focus on your specialty and expand it.

Dealing with Negative Feedback (22:57)
Embrace the antagonistic feedback.
Negative feedback means interactivity.
You can use this as an opportunity to explain and expound on your thoughts about the issue.

 

Who is Brett Ryan?

Brett Ryan is the current CEO of Focus on the Family Australia. Before becoming a CEO, he worked as a critical care nurse in an intensive care unit, and then he became a children’s and family pastor in a church in Melbourne. He helped people with their physical and spiritual needs. Now, Brett helps them with their social problems with their families. He has been married for 30 years and has been blessed with three sons and a grandson.

 

Contact Brett Ryan:

Focus On The Family Australia

LinkedIn

Twitter

 

If you have any questions, you may email me at matt@thenotforprofitpodcast.com.au. You can also visit our Facebook page for more details.

Thanks for listening!

You may find yourself getting lost in your job and forgetting about yourself and your family in the process. When this happens, it also affects how you interact and work with others. By learning how to draw the line between being doing good work and overworking yourself, you can positively affect your relationship with yourself, your loved ones, and your coworkers.
In today&rsquo;s episode, we will be talking with Brett Ryan, CEO of Focus on the Family, about three main points: 1) having work and life balance, 2) taking care of yourself, and 3) keeping your tasks in line with the NFP&rsquo;s mission.
Tune in and know more about how you can become a better person for yourself, your family and your company.
&nbsp;
About Brett Ryan (2:44)
<ul>
<li>He has been a husband for 30 years and a father of three sons.</li>
<li>He is also a former critical care nurse.</li>
<li>Brett was a children&rsquo;s and family pastor in Melbourne for 12 and a half years.</li>
<li>He is currently the CEO of Focus on the Family for six and a half years.</li>
</ul>
Work and Life Balance (5:01)
<ul>
<li>Set some parameters.</li>
<li>Learn how to delegate tasks.</li>
<li>Learn to prioritize.</li>
<li>Spend time with your family.</li>
<li>Treat your special someone like a bank account: deposit quality time before making withdrawals.</li>
</ul>
Taking Care of Yourself (10:38)
<ul>
<li>Self-care is vital.</li>
<li>Let other people care for you.</li>
<li>Have someone to talk with about yourself.</li>
<li>Avoid taking all the burden and let yourself share it with others.</li>
</ul>
Being a Team Builder (15:06)
<ul>
<li>Teach by modelling what needs to be done.</li>
<li>Delegate tasks.</li>
<li>Do not micromanage.</li>
<li>Empower your people.</li>
<li>Learn how to take care of others.</li>
<li>Do not be afraid to take charge.</li>
<li>Learn from others.</li>
<li>Work hard.</li>
</ul>
Avoiding Analysis Paralysis (17:06)
<ul>
<li>Know who to listen to.</li>
<li>Older people have more experience and have old school thinking.</li>
<li>Look for people who are more cutting edge and innovative.</li>
<li>Learn to discern what is best for your people in the long-term.</li>
</ul>
Keeping Yourself on Track (18:42)
<ul>
<li>Stay true to your foundations.</li>
<li>Uphold your core values.</li>
<li>Focus on your specialty and expand it.</li>
</ul>
Dealing with Negative Feedback (22:57)
<ul>
<li>Embrace the antagonistic feedback.</li>
<li>Negative feedback means interactivity.</li>
<li>You can use this as an opportunity to explain and expound on your thoughts about the issue.</li>
</ul>
&nbsp;
Who is Brett Ryan?
Brett Ryan is the current CEO of Focus on the Family Australia. Before becoming a CEO, he worked as a critical care nurse in an intensive care unit, and then he became a children&rsquo;s and family pastor in a church in Melbourne. He helped people with their physical and spiritual needs. Now, Brett helps them with their social problems with their families. He has been married for 30 years and has been blessed with three sons and a grandson.
&nbsp;
Contact Brett Ryan:
<a href="https://www.families.org.au/">Focus On The Family Australia</a>
<a href="http://linkedin.com/in/brett-ryan-b9b55479">LinkedIn</a>
<a href="https://twitter.com/brettfotfa">Twitter</a>
&nbsp;
If you have any questions, you may email me at <a href="mailto:matt@thenotforprofitpodcast.com.au">matt@thenotforprofitpodcast.com.au</a>. You can also visit our <a href="https://www.facebook.com/thenotforprofitpodcast/">Facebook</a> page for more details.
Thanks for listening!

NFPs and Family Focus

One of the most challenging parts of running an NFP is accounting. It can be overwhelming to keep track of your cashflow manually. Additionally, it can take much of your time to send out invoices and double-check the numbers.

In today’s episode, we will talk about the Xero Accounting Package and its features. I’ll give you an overview of what Xero looks like, and I’ll teach you how easy it is to use.

Check out the highlights of the episode below and make sure to tune in!

 

Xero Accounting Package (0:04)
Before you log in, there is a two-factor authentication to ensure security.
Once logged out, everything will reset.

Dashboard Screen (1:06)
It gives us a glance at what is happening in your account. You can change what it can display according to your preferences.
The main screen area has two columns. The left side consists of your bank accounts and credit cards, while the right side includes invoices, bills to be paid, and expense claims.

Bank Reconciliations (2:22)
Matching items with your bank statement is simple with Xero.
You can visit Xero’s videos and watch the step-by-step guide on how to manage your bank account in your profile.
Anything green on the information indicates that Xero has found a match with the bank statement line.
By clicking “okay” to match the records, it has added a transaction to the bank line.
At the end of the month or when the company receives a bank statement, they can print out a reconciliation report.

Invoices (8:17)
The right side of the column is the information a company has sent out.
You can create new invoices directly in Xero.

Conversion Balances (10:28)
Conversion Balance allows a company to bring information from another package or from a new system, which the company sets up to open balances and do reports.
You can easily add and remove accounts in this portion.
You can also set your conversion date whenever you want it to be.

Payroll Account (14:11)
It shows information about your payroll: your previous payment and when the next would be.
Team members can apply for their leave directly from their log-in.

If you have any questions, you may email me at matt@thenotforprofitpodcast.com.au. You can also visit our Facebook page for more details.

Thanks for listening!

One of the most challenging parts of running an NFP is accounting. It can be overwhelming to keep track of your cashflow manually. Additionally, it can take much of your time to send out invoices and double-check the numbers.
In today&rsquo;s episode, we will talk about the Xero Accounting Package and its features. I&rsquo;ll give you an overview of what Xero looks like, and I&rsquo;ll teach you how easy it is to use.
Check out the highlights of the episode below and make sure to tune in!
&nbsp;
Xero Accounting Package (0:04)
<ul>
<li>Before you log in, there is a two-factor authentication to ensure security.</li>
<li>Once logged out, everything will reset.</li>
</ul>
Dashboard Screen (1:06)
<ul>
<li>It gives us a glance at what is happening in your account. You can change what it can display according to your preferences.</li>
<li>The main screen area has two columns. The left side consists of your bank accounts and credit cards, while the right side includes invoices, bills to be paid, and expense claims.</li>
</ul>
Bank Reconciliations (2:22)
<ul>
<li>Matching items with your bank statement is simple with Xero.</li>
<li>You can visit Xero&rsquo;s videos and watch the step-by-step guide on how to manage your bank account in your profile.</li>
<li>Anything green on the information indicates that Xero has found a match with the bank statement line.</li>
<li>By clicking &ldquo;okay&rdquo; to match the records, it has added a transaction to the bank line.</li>
<li>At the end of the month or when the company receives a bank statement, they can print out a reconciliation report.</li>
</ul>
Invoices (8:17)
<ul>
<li>The right side of the column is the information a company has sent out.</li>
<li>You can create new invoices directly in Xero.</li>
</ul>
Conversion Balances (10:28)
<ul>
<li>Conversion Balance allows a company to bring information from another package or from a new system, which the company sets up to open balances and do reports.</li>
<li>You can easily add and remove accounts in this portion.</li>
<li>You can also set your conversion date whenever you want it to be.</li>
</ul>
Payroll Account (14:11)
<ul>
<li>It shows information about your payroll: your previous payment and when the next would be.</li>
<li>Team members can apply for their leave directly from their log-in.</li>
</ul>
If you have any questions, you may email me at <a href="mailto:matt@thenotforprofitpodcast.com.au">matt@thenotforprofitpodcast.com.au</a>. You can also visit our <a href="https://www.facebook.com/thenotforprofitpodcast/">Facebook</a> page for more details.
Thanks for listening!

Xero and NFPs: A Basic Introduction

After fourteen episodes of inviting guests to talk about their experience in the Not for Profit sector, I decided to do something different. The Not for Profit sector is not for everyone, you need to have passion, compassion, and commitment. It’s hard to be in the NFP sector if you weren’t made for it.

So for today’s episode, I‘m handing the reins over to someone I trust enough to interview me about myself and what I do in the Not For Profit space. Charley Valher, Chief Podcast Officer at Valher Media will be asking me some questions which will help you understand more about me and what I do.

This is going to be an interesting episode so be sure to tune in and stay with us until the end!



Matt’s NFP Story

How Matt Ended Up In The Not For Profit Sector
18 years ago, Matt was in a place where he had no idea where to settle in life, with no real desire to go anywhere or do anything.
Matt started working for his father in law in their auditing business and loved what he was doing.
Most of their clients were from the NFP sector, and that’s what got him in.
Matt continued working in the NFP sector because of his love for the industry and the people.
Matt believes that God has put a mandate in his heart to help people, churches, and the NFP sector.



Dealing with Misinformation in the NFP Sector
A lot of people don’t know where to find information.
Matt says it’s his job to help newcomers in the NFP sector navigate their way around.
The website for NFPs is a minefield and Matt helps people find information quicker and easier, making the process simpler all-in-all.



The Ever-Evolving Not For Profit
NFPs have become more complicated over time since Matt’s involvement.
Confusion arose together with the involvement of a few different departments. People were having trouble with who they were supposed to report to or not.
Finances are a bit of a problem for most NFPs.
Legal terms and jargons add to the confusion and that’s where Matt’s expertise comes in.



NFPs in 2020
The biggest change in 2020 for NFPs is the fundraising side of things.
It’s going to be both a good and bad year for all NFPs.
Bad—because most NFPs will be required to do regulated reporting particularly to the ACNC.
Good—because it’s a good time to build and take up a relationship with an accountant or auditor, making this an opportunity to grow.
Matt believes that working with people who are professionals when it comes to their calling, it’s going to make your job easier.



Why Matt Chose Podcasting About NFP
Matt says he wants to cover all things NFP but at the same time, he also wants to ensure the growth of startups and smaller NFPs.
Matt wants to get all the information about NFP across.
For one-man bands that wish to grow from $100,000 to a million dollars, Matt wants to address their need for information on such an important topic.
Matt chose podcasting as an avenue to get information out to as many people as he quickly can.



Future Topics for The Not For Profit Podcast
The difference between Xero and MYOB
Matt wants to talk about the numbers, believing that this information will allow NFPs to make informed decisions.
How to set up fringe benefits for pastors in the different packages using Xero, MYOB, Quickbooks, etc.
Matt wants to talk about the accounting stuff because that’s his passion and strength,
How to do stuff with ACNC
Where do you go to get help in starting/raising funds for your NFP?
Are there different rules for NFPs in different states?
Matt wants NFPs to think big—setting up how big they want to be and how they can achieve those goals.



Common Things that Catch People Out in the Financial Side of the NFP Space
Three biggest things that Matt finds common with his clients in the previous 18 years:
#1: They don’t put enough effort into accounting.
#2: Reporting and compliance—there are fines in place if you don’t do these.
#3: Relationships—building relationships is important in the NFP sector.
Tips that will help in solving the abovementioned problems:
Tip #1: Enroll in programs that will help with your accounting.
Tip #2: Comply with the standards set by ACNC to avoid fines.
Tip #3: Get on NFP groups, community groups, and/or Facebook pages that talk about NFP so you don’t feel alone.
Compliance helps business owners in a sense where the government is able to remove dodgy operators.
The second component is business owners are compelled to level up and take things more seriously.



Common Traits of Successful NFPs
Every NFP is different, but one thing common is their well-systematized business.
Most people don’t realize that they have to run their NFP as a business.
You need to have a good system in place, you cannot make a good decision based on bad information.
Successful NFPs focus on their core beliefs and they don’t waver from them.
“You do good things, good things happen.”—It’s a universal law that is common and that works, not just for NFPs but even in business.



If you want to know more about Matt Williams and what he does in the NFP sector, you may visit his website: Platinum Audits. If you have any ideas about any topics you would like to hear us talk about, or want to see and hear any guests come on the show, don’t hesitate to send me an email at matt@thenotforprofitpodcast.com or reach out to us at Facebook and LinkedIn.

For more information on Charley Valher, you may visit his website: Valher Media.

If you enjoyed today’s episode, don’t forget to leave your comments below. Until the next episode!

After fourteen episodes of inviting guests to talk about their experience in the Not for Profit sector, I decided to do something different. The Not for Profit sector is not for everyone, you need to have passion, compassion, and commitment. It&rsquo;s hard to be in the NFP sector if you weren&rsquo;t made for it.
So for today&rsquo;s episode, I&lsquo;m handing the reins over to someone I trust enough to interview me about myself and what I do in the Not For Profit space. Charley Valher, Chief Podcast Officer at Valher Media will be asking me some questions which will help you understand more about me and what I do.
This is going to be an interesting episode so be sure to tune in and stay with us until the end! 
Matt&rsquo;s NFP Story
How Matt Ended Up In The Not For Profit Sector
<ul>
<li>18 years ago, Matt was in a place where he had no idea where to settle in life, with no real desire to go anywhere or do anything.</li>
<li>Matt started working for his father in law in their auditing business and loved what he was doing.</li>
<li>Most of their clients were from the NFP sector, and that&rsquo;s what got him in.</li>
<li>Matt continued working in the NFP sector because of his love for the industry and the people.</li>
<li>Matt believes that God has put a mandate in his heart to help people, churches, and the NFP sector. </li>
</ul>
Dealing with Misinformation in the NFP Sector
<ul>
<li>A lot of people don&rsquo;t know where to find information.</li>
<li>Matt says it&rsquo;s his job to help newcomers in the NFP sector navigate their way around.</li>
<li>The website for NFPs is a minefield and Matt helps people find information quicker and easier, making the process simpler all-in-all. </li>
</ul>
The Ever-Evolving Not For Profit
<ul>
<li>NFPs have become more complicated over time since Matt&rsquo;s involvement.</li>
<li>Confusion arose together with the involvement of a few different departments. People were having trouble with who they were supposed to report to or not.</li>
<li>Finances are a bit of a problem for most NFPs.</li>
<li>Legal terms and jargons add to the confusion and that&rsquo;s where Matt&rsquo;s expertise comes in. </li>
</ul>
NFPs in 2020
<ul>
<li>The biggest change in 2020 for NFPs is the fundraising side of things.</li>
<li>It&rsquo;s going to be both a good and bad year for all NFPs.</li>
<li>Bad&mdash;because most NFPs will be required to do regulated reporting particularly to the ACNC.</li>
<li>Good&mdash;because it&rsquo;s a good time to build and take up a relationship with an accountant or auditor, making this an opportunity to grow.</li>
<li>Matt believes that working with people who are professionals when it comes to their calling, it&rsquo;s going to make your job easier. </li>
</ul>
Why Matt Chose Podcasting About NFP
<ul>
<li>Matt says he wants to cover all things NFP but at the same time, he also wants to ensure the growth of startups and smaller NFPs.</li>
<li>Matt wants to get all the information about NFP across.</li>
<li>For one-man bands that wish to grow from $100,000 to a million dollars, Matt wants to address their need for information on such an important topic.</li>
<li>Matt chose podcasting as an avenue to get information out to as many people as he quickly can. </li>
</ul>
Future Topics for The Not For Profit Podcast
<ul>
<li>The difference between Xero and MYOB</li>
<li>Matt wants to talk about the numbers, believing that this information will allow NFPs to make informed decisions.</li>
<li>How to set up fringe benefits for pastors in the different packages using Xero, MYOB, Quickbooks, etc.</li>
<li>Matt wants to talk about the accounting stuff because that&rsquo;s his passion and strength,</li>
<li>How to do stuff with ACNC</li>
<li>Where do you go to get help in starting/raising funds for your NFP?</li>
<li>Are there different rules for NFPs in different states?</li>
<li>Matt wants NFPs to think big&mdash;setting up how big they want to be and how they can achieve those goals. </li>
</ul>
Common Things that Catch People Out in the Financial Side of the NFP Space
<ul>
<li>Three biggest things that Matt finds common with his clients in the previous 18 years:</li>
<ul>
<li>#1: They don&rsquo;t put enough effort into accounting.</li>
<li>#2: Reporting and compliance&mdash;there are fines in place if you don&rsquo;t do these.</li>
<li>#3: Relationships&mdash;building relationships is important in the NFP sector.</li>
</ul>
<li>Tips that will help in solving the abovementioned problems:</li>
<ul>
<li>Tip #1: Enroll in programs that will help with your accounting.</li>
<li>Tip #2: Comply with the standards set by ACNC to avoid fines.</li>
<li>Tip #3: Get on NFP groups, community groups, and/or Facebook pages that talk about NFP so you don&rsquo;t feel alone.</li>
</ul>
<li>Compliance helps business owners in a sense where the government is able to remove dodgy operators.</li>
<li>The second component is business owners are compelled to level up and take things more seriously. </li>
</ul>
Common Traits of Successful NFPs
<ul>
<li>Every NFP is different, but one thing common is their well-systematized business.</li>
<li>Most people don&rsquo;t realize that they have to run their NFP as a business.</li>
<li>You need to have a good system in place, you cannot make a good decision based on bad information.</li>
<li>Successful NFPs focus on their core beliefs and they don&rsquo;t waver from them.</li>
<li>&ldquo;You do good things, good things happen.&rdquo;&mdash;It&rsquo;s a universal law that is common and that works, not just for NFPs but even in business. </li>
</ul>
If you want to know more about Matt Williams and what he does in the NFP sector, you may visit his website: <a href="https://platinumaudits.com/">Platinum Audits</a>. If you have any ideas about any topics you would like to hear us talk about, or want to see and hear any guests come on the show, don&rsquo;t hesitate to send me an email at <a href="mailto:matt@thenotforprofitpodcast.com">matt@thenotforprofitpodcast.com</a> or reach out to us at <a href="https://www.facebook.com/thenotforprofitpodcast/">Facebook</a> and <a href="https://www.linkedin.com/company/cb-audit/">LinkedIn</a>.
For more information on Charley Valher, you may visit his website: <a href="https://www.valhermedia.com/">Valher Media</a>.
If you enjoyed today&rsquo;s episode, don&rsquo;t forget to leave your comments below. Until the next episode!

Thinking Strategically in a NFP

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