The underlying challenge for any NFP is the need to ensure they have sufficient long term cash flow to support their cause and their operations. As the Australian Not-for-Profit climate becomes increasingly competitive with more NFPs competing for a decreasing amount of funding and For Profit/corporates becoming more ethical and values driven in their message to customers, it is vital for organisations who wish to remain financially sustainable and profitable to modernise their income generation and move away from traditional income generation models like government funding and more toward corporate partnerships and mergers to leverage not just financial assistance and support from corporates, but their commercial expertise and skillsets as well. They are also needing to adopt a more commercial business model.
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