Revise approach to money
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Accumulating reserves enables organisations to weather storms and to invest in organisational capacity to change and evolve both artistically and managerially in response to inevitable changes in the environment within which you operate.
The following questions are designed to help you to work out which tools to explore from the selection available:
Questions to discuss
Do you know which of your activities/programmes are making money and which are making a loss?
Can losses be justified based on the cultural/social/economic value of the activity/programme?
Do you have a concrete plan to make year end surpluses and develop designated reserve funds?
Have you assessed the risk that some income streams are likely to reduce over the next few years and have you worked out how you will respond?
Are you good at costing projects and modeling the financial implications of new ventures?
Core individual resources
The resources listed below in type and alphabetical order are the key resources to use as you work through this issue.
Relevant collated collections of resources
These folders of resources listed below in alphabetical order might be useful if you want to delve deeper into any of these associated subjects.
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