Robin Fisk of Advanced Solutions International thinks the time is right to invest in your technology infrastructure. Here’s his reasons
“It’s when the tide goes out that you find out who has been swimming naked,” Warren Buffet.
This classic quote attributed to Warren Buffet refers to investors who are over-leveraged and benefiting from a rising economic tide as opposed to smart investment decisions. It can be applied to many other situations, including non-profits and technology. If you were “swimming naked” with outdated and incomplete technology during the rising economic tide, you may find you are ill-equipped to deal with the ramifications of the economic downturn.
Three Reasons Why You Should Invest in Technology Now
1. You have reduced headcount.
If you are like many non-profits, you have already let some staff go as a cost-saving measure. Unfortunately, the work these employees did does not leave with them. While remaining employees can be counted on to pick up some slack, and in some cases efficiencies can be gained by reevaluating job responsibilities, you may still have more work to go around than staff available. Planning will only take you so far. You need to evaluate and determine how to automate tasks that staff are currently performing manually.
2. You need to cut expenses and contributions are falling.
You need to keep contributions from falling but you also need to cut costs. As you take a hard look at your budget, you are most likely finding ways to cut costs, such as minimizing travel. But eventually you start to cut into flesh and begin to cut costs that directly impact contributions. You will need to evaluate where strategically spending money will not only increase contributions but also lower expenses.
3. The economy will eventually rebound.
The good news is that the world economy will eventually rebound – and the current economic orthodoxy targets 2010 for the rebound. But that leaves 2009, which is likely to be a very difficult year for non-profits. Will you be an organization that hunkers down and limps through the year? Or will you use this year to reevaluate everything you do and make strategic improvements to position your organization for 2010 and beyond?
![[del.icio.us]](http://charitymash.com/resource/wp-content/plugins/bookmarkify/delicious.png)
![[Digg]](http://charitymash.com/resource/wp-content/plugins/bookmarkify/digg.png)
![[Facebook]](http://charitymash.com/resource/wp-content/plugins/bookmarkify/facebook.png)
![[LinkedIn]](http://charitymash.com/resource/wp-content/plugins/bookmarkify/linkedin.png)
![[Ma.gnolia]](http://charitymash.com/resource/wp-content/plugins/bookmarkify/magnolia.png)
![[Reddit]](http://charitymash.com/resource/wp-content/plugins/bookmarkify/reddit.png)
![[StumbleUpon]](http://charitymash.com/resource/wp-content/plugins/bookmarkify/stumbleupon.png)
![[Twitter]](http://charitymash.com/resource/wp-content/plugins/bookmarkify/twitter.png)
March 18th, 2010 at 13:27
great post thanks for the info
March 19th, 2010 at 03:48
April 2nd, 2010 at 08:48
You sure got have a lot of knowledge about finance..I got a lot of info from this post.
May 3rd, 2010 at 08:39
This is my 2nd visit to your weblog. We are starting a brand new initiative in the same niche as this blog. Your weblog presented us with important information and facts to work with. You’ve done a extraordinary job.
June 7th, 2010 at 02:45
Wow very charming sharing. Appreciation pro this.
June 21st, 2010 at 22:17
How did you make this template? I got a blog as well and my template looks kinda bad so people don’t stay on my blog very long :/.
July 11th, 2010 at 07:42
Hey dude How are You ? I like your post and i want to stumble it for my friend but i cant see your social bookmark widget in this blog. Please help me friend Thank You
July 11th, 2010 at 10:20
Hi
The social bookmarking links are on every article between the post and the comments box. If your prefered network isn’t there, click “more” for a massive selection of social bookmarking and sharing options.
If you still have trouble, let us know.
September 9th, 2010 at 21:29
amazing news admin
November 6th, 2010 at 09:44
Thank you for give very nice knowledges. Your web is greatI am impressed by the information that you have on this blog. It shows how well you understand this subject. Bookmarked this page, will come back for more. You, my friend, ROCK! I found just the information I already searched everywhere and just couldn’t find. What a perfect site. Like this website your website is one of my new favs.I like this site shown and it has given me some sort of commitment to have success for some reason, so keep up the good work
November 6th, 2010 at 12:35
Thanks for the great post! I would never have found this myself!
December 2nd, 2010 at 11:56
When evaluating article submission sites as to whether or not to post to them, you must pay special attention to the alexa ranking and not so much to the site’s pagerank value.
December 17th, 2010 at 10:11
The biggest unsaid thing about this whole debate is that the tax cuts are ALREADY in place RIGHT NOW. So where are all these jobs that the cuts are supposed to create? Are the millionaires spending their current extra 3% to create jobs? No…not at all. What a freaking disaster. This was a pitiful failure on the part of the president.
January 6th, 2011 at 15:47
That settled it! There won’t a second time when I foolishly broadcast opinions without backing them with hard evidence.
January 18th, 2011 at 02:27
Superb post. Thank you for publishing this internet site. Will definetly come again for more interesting information.
May 4th, 2011 at 20:54
Hello, I merely had to note that this specific site’s look is totally professionally made in my humble opinion.
May 18th, 2011 at 17:26
Hi, I just had to know if you have a Facebook fan page? I’ll seriously be happy to come back to this blog or receive more updates – thanks in advance.