How to get association boards to approve for-profit ventures
- August 8, 2023 |
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Hiram Reisner
Commercial enterprises pose risks volunteer leaders may not be accustomed to, but offer potential rewards they shouldn't ignorePersuading a nonprofit board of directors to back a for-profit enterprise can be arduous, as a commercial endeavor might challenge the organization's core principles and be deemed financially risky. But executives who have had success say boards are willing to approve low-risk proposals with high potential profitability that fulfill a need for the organization and its members.Executives from NTCA-The Rural Broadband Association, the National Council of Architectural Registration Boards and APIC, the Association for Professionals in Infection… Read More
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