Next in Nonprofits interviews nonprofit leaders and service providers to keep you up to date with the best ideas in social good. Learn more at nextinnonprofits.com/podcast
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episode 71: Cash, debt, and management with Stephen King
Stephen King is Founder and CEO of GrowthForce, whose mission is " is to become a trusted partner leaders can rely on to provide actionable financial insights needed for making data-driven decisions."
Stephen joins host Steve Boland to talk about this moment in time of changed community expectations in a pandemic, new debt tools not previously available (including the Economic Injury Disaster Loan from the SBA with a 30 year repayment), and more.
Stephen talks about the use of debt, ensuring there is a sensible plan for recovery rather than just postponing difficult decisions for changes that are not going to go back to the way things were. Stephen discusses the "Amazonification" of expectations from donors and clients in the post-pandemic world, keeping your forecasting within reasonable range and much more