Entrepreneurial Leadership and Financial Stability in Nonprofit Organizations
A New Assessment of Social Entrepreneurship and the Social Enterprise
by
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Entrepreneurial Leadership and Financial Stability in Nonprofit Organizations will be an invaluable resource for the professional and academic communities. According to the National Council of Nonprofits, there are millions of nonprofits that are becoming inactive because of having less than a million dollars in expenditures leaving the social entrepreneur to develop creativity within their financial strategic plan by asking core questions about alternative sources of funding or the need to become more enterprising through an entrepreneurial leadership style.
In the book, the overarching goal is linking the entrepreneurial leadership style to financial stability, but with an understanding and meaning of social entrepreneurship through the social enterprise. The uniqueness of the book is the focus on enterprising nonprofits through the process of replication. Replication in action is demonstrated through the Rising Tide Capital’s use of replicable models. The other enterprising perspective is through the “mini-franchise” with elements of direct selling where the nonprofit leader can develop consistent cash flow by replicating their business model and using individuals who may seek to establish their own nonprofit organization or sell products as an informal social entrepreneur.
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About the Book
Faced with significant budget reductions, nonprofit organizations have moved beyond being one-dimensional entities that rely only on grants.
Now, they attract social entrepreneurs who are determined to establish relationships before raising money—something that the late Dr. J. Gregory Dees, foresaw the need for in 1998 when he wrote about a hybrid structure that was enabling nonprofit organizations to generate additional income.
Ultimately, Dees concluded that the hybrid structure with a social enterprise component would slow the mission of the nonprofit organization, leaving the social entrepreneur to think about how to create innovative strategies within social entrepreneurship.
This book uses a case study focusing on the nonprofit organization, Rising Tide Capital, by expanding the scope of Dr. Dees’ research through an assessment of the meaning of social entrepreneurship, social enterprises, and financial stability.
It also identifies financial stability through two processes of replication: replicable models through strategic partnerships and the mini-franchise of direct selling.
Plot a path to bolster financial stability, think creatively about generating cash flow, and find alternative sources of funding with this guide to operating a successful nonprofit organization.
About the Author
Carolyn R. Mattocks, PhD, is the CEO and founder of the “I Can Do Anything” Organization Inc. She earned a Ph.D. in public policy and administration with a specialization in Nonprofit Management and Leadership. She is also an associate faculty and faculty senator at Ashford University and a member of the American Society for Public Administration and the Maryland Nonprofits. She lives in Joppa, Maryland and is also the author of “I Can Do Anything” and “I Can Do Anything, Too (Latinos).”