Tampa CEO Forum
About This Show
Fun and informative interviews with local, national and international business leaders. Each show has useful and actionable-items targeted to for-profit and nonprofit organizations. This is more than an audio business card - TampaCEOForum is for you, the listener, to take away great ideas and best-practices.
Most Recent Episode
How to Make Your Nonprofit Stand the Test of Time | TCF 021
2 days ago
R. Shawn McBride is the Founder and Managing Member of the R. Shawn McBride Law Firm, which concentrates on helping small and mid-size businesses protect their assets, to thrive in all business situations, and ultimately, to reach their desired outcomes. He provides highly-personalized service and education to his clients, so that they understand the law and make sound decisions on legal matters affecting their business. Shawn and Kurt are also members of the Tampa Bay Business Owners’ Group, which is where they met. Shawn is a return guest on the Tampa CEO Forum podcast. In this episode, Shawn explains the business of running a nonprofit organization, from the vision and passion that start the process, to the systems, people, and legal structure needed for it to stand the test of time. Key Takeaways: [1:57] Nonprofits provide services, and are run like businesses, but there are unique aspects of running a nonprofit. [3:41] Look ahead. What is your vision for the organization? Where will it be in ten years? Who will be served, and what markets and areas will be served? Make a roadmap and plan. [4:07] How do you make the plan continue? Shawn describes Four Ds to consider. If the owners go in different directions, how do you make sure the organization keeps delivering services? [6:17] Nonprofits and not-for-profits have a board. What liability does the board have? How do you protect volunteers? [8:30] Kurt and Shawn discuss creating a nonprofit to solve a specific urgent important problem. Learn about critical mass, scale, and marketing for awareness and involvement. Expand your vision, and get people behind it. Can you organize chapters in other cities? [11:01] Why would a church start a nonprofit organization? How do you find the right people for the board? Start with your ‘why.’ Be practical. Assemble all the sufficient resources. [14:58] Know your liabilities! What insurances does a nonprofit need? Why do you need a D&O policy? What records do you need to keep? What do you need to prove the legitimacy of the enterprise, in the event of a court case? [18:25] Kurt and Shawn discuss a hypothetical cause. What are the risks of creating a staffed dormitory for transitional housing for youth? How can the risks be managed? What