Preparing your association for a recession can be downright intimidating. However, it’s critical to start your preparations early and determine how you can minimize the impact of an economic downturn on your association’s finances. Use these three questions to help you decide what to keep and what to cut from your association budgets.
You might have found yourself watching your association’s piggy bank dwindle over the last few months or at the very least, stop growing. Although revenue might be sparse right now, do not give up! If the most recent recession taught us anything, it was to think differently and act quickly. You are not too late to grow your association’s non-dues revenue.
With limited time on the board, you may find it difficult to spend your efforts writing up plans, processes, and procedures. When it comes to your association’s communications, it is important that you take the time or work with your AMC to come up with a yearly plan. Every instance in which you are communicating with a member whether it be through social media, an email blast, or a newsletter, you are influencing their decision to stay in the organization or not. Here are a few ways you can efficiently put together a 2021 communication plan.
