Workplace Wellbeing Summit | My Latest Webinar | What’s Coming Up | Finance Tips From Julie | Working With Me
Hi there – thanks for checking out my latest Good Governance Newsletter!
I know you are here because you are committed to good not-for-profit governance and leadership, and you want to make sure you do everything you can to steer your organisation in the right direction.
So, to support you with that, through my regular Good Governance Newsletters I strive to bring to you valuable NFP governance and leadership information and updates, happenings and events, that will help you do exactly that!
So take a moment and check out what I have to share with you in this week’s newsletter…
Read on for:
- Benefolk’s online Workplace Wellbeing Summit
- My latest Webinar – In case you missed it live, catch up on my top 10 tips for improving your organisation’s Board Succession Planning
- Upcoming Events – September
Wednesday 3rd – Webinar: 10 tips for better Strategy Planning
Thursday 4th – Training: Valuing our Volunteers - Finance Tips from Julie – Building a Financial Safety Net: Why Your NFP Needs a Reserve Fund
- Working with me – How my Executive Support Program can help you
I’m so glad you have found me and all the resources I share via my newsletters and emails.
I am sure I will have something to help you in the not-for-profit work you do, whether it be as an Executive, a Board member, or a grass-roots community volunteer.
So dive on in and let me know what resonated with you this time!
Regards
Megan
BENEFOLK’S UPCOMING WORKPLACE WELLBEING SUMMIT
Off the back of a highly successful online summit last year, the good people at Benefolk are soon to be hosting their much-anticipated online Workplace Wellbeing Summit.
So whether you’re just beginning your workplace wellbeing journey or you are looking to strengthen your current approach, this summit is for you!
Come along and discover simple ways to meet your health and safety obligations while building a thriving and supportive work culture that helps your organisation better deliver on your Mission.
This new summit includes 12 thought-provoking sessions, including a free launch session featuring some key voices from across the not-for-profit sector, and represents great value professional development for you and your organisation’s other key people leaders.
At the summit sessions you will hear from specialists across law, organisational psychology, health and safety, leadership, governance, HR and more. And you can access a wide range of free tools, templates, and actionable insights to support your leadership journey.
You can customise your summit experience by choosing individual sessions or by opting for a full Summit Pass which gives you 12 months of unlimited access to all session recordings. Plus all live sessions will include a dedicated Question Time segment where you can put your queries to the experts presenting.
So if this is what you or others from your organisation need, click HERE for registrations and further information.
MY LATEST WEBINAR
Recently I ran my latest webinar for not-for-profit organisations – 10 tips for Better Board Succession Planning.
I was delighted that this session was really well attended by a variety of NFP representatives from across the country and overseas, and it’s great to know that so many people are wanting to think more strategically about improving their Board succession planning.
If you missed it live and would like to catch up on the recording, you can check it out HERE.
And if you want to watch more of my webinars, or read some of my blog articles, then check out my back catalogue of Blogs & Pods HERE.
Enjoy!
EVENTS FOR SEPTEMBER
🌟 Check out what’s happening on my Calendar of Events for September! 🌟
3 September: 10 tips for better Strategy Planning webinar.
Come along to this FREE webinar to hear my top tips for great Strategy Planning, and set your organisation up for success.
Wednesday 3 September, from 11 am – 12 pm (AEST/Melbourne time).
Click HERE for further information and to book yourself in.
4 September: Valuing our Volunteers online training session.
Volunteers are the lifeblood of so many NFPs. Come along and learn about best practice volunteer attraction, management, and retention.
Thursday 4 September, from 5.30 pm – 8 pm (AEST/Melbourne time).
Tickets are just $167 per person.
Click HERE for further information and to purchase your tickets.
Looking for something else? Check out all my online learning offerings HERE.
FINANCE TIPS FROM JULIE
Julie Doyle is my business finances guru, and this week she is generously sharing some of her wisdom around Building a Financial Safety Net: Why Your NFP Needs a Reserve Fund.
This week Julie says:
Every Not-for-profit faces financial ups and downs—unexpected expenses, funding changes, or economic downturns can put pressure on your organisation too. That’s why having a reserve fund (also known as a “rainy day” or “buffer” fund) is essential.
A well-planned reserve can help ensure stability, allowing your NFP to continue serving the community even when challenges arise.
How Much Should You Save?
There’s no one-size-fits-all approach, but here are some key factors to consider when setting up your reserves:
Operating Expenses – A common rule of thumb is to keep 3 to 6 months’ worth of expenses in reserve. If your NFP is smaller or has limited access to emergency funding, you may want to set aside more.
Revenue Patterns – If your funding is seasonal or unpredictable, you may need larger reserves to cover periods of lower income.
Legal and Board Requirements – Some organisations are required by law or their governance Board to maintain a specific level of reserves. Regularly reviewing these requirements ensures compliance.
Mission and Service Continuity – If your NFP provides critical services, consider how much funding would be needed to keep your programs running in case of financial shortfalls.
Projects and Asset Maintenance – If your NFP owns equipment or property, factor in future costs for repairs, upgrades, or replacements.
Keeping Your Reserves Strong
– Regularly review your financial position and adjust your reserves as needed.
– Consult financial advisors or experts in the NFP sector for guidance.
– Ensure transparency with your board, team, and stakeholders about financial planning.
A solid reserve fund protects your mission and your community, allowing your NFP to navigate challenges without disruption.
By planning ahead, you can strengthen your financial foundation and continue making the important difference that you do, in your space!
If you have a NFP finance query you would like Julie to talk about via my Good Governance Newsletter, just email it to me on megan@mjbconsulting.net.au.
EXTERNAL SUPPORT FOR NOT-FOR-PROFIT EXECUTIVES
Are you – or is someone you know – a not-for-profit Executive looking for that special something to make your busy role and life more manageable?
Something that can help you take a step back, assess the overwhelm, and more effectively navigate your journey of leadership growth and development?
If this sounds like you or your Executives, I want to let you know that I have what you are looking for – and that is my one-to-one Executive Support Program.
Through my Executive Support Program I encourage and inspire people to work towards their goals, but I will also hold you accountable, and ask the tough questions when needed as well to support your growth, development and achievement in the areas that are important to you.
As one of my Executive Support Program clients, you also get automatic access to my growing Alumni and Friends community, which includes our quarterly Brains Trust online networking lunches, and my Executive Retreats throughout the year.
And if you are wondering what kind of difference my support could make for you, check out what Sue Sestan, CEO of Inspiro Health, had to say about her experience of working with me:
I have been working with Megan through her Executive Support Program for nearly a year and have found her knowledge and personable approach to be very effective.
Megan is skilled at tailoring the Executive Support Program for individual needs ensuring the time spent is value for money.
And her guidance and values driven attitude stems from extensive experience and support of the NFP sector and her assistance with prioritising and focus on outcomes orientated strategy has been invaluable.
Megan has been instrumental in developing my existing connections and networks due to her strong affiliations and support of the NFP sector.
I highly recommend Megan for NFP CEOs and Executive leaders.
It was an absolute delight for me to support Sue in her journey, and if you feel that you could use this kind of personalised support as well, I’d love to help you too!
Check out the Program flyer HERE, and to find out more, schedule a free discovery call with me HERE.
I hope I can help you soon with what’s important to you too!
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