If your family runs a business that you’ve been actively involved in, you may find yourself being considered for the top leadership role as the current leader moves closer to retirement. As this possibility draws closer, you are undoubtedly asking yourself several questions. “Am I the best person to take…
There can be many misconceptions about what it is like working for a nonprofit organization. If you dream of changing lives and having a positive impact on the community by working at a nonprofit, you need to know the reality of the challenges that come with it. Yes, it’s incredibly…
Written by Centennial's Executive Vice President, Becky Scheeler. Your family business is growing and with that growth comes the need to hire someone to fill a key leadership role. Up to this point, family members have filled the senior leadership roles. However, no one in the family is qualified or…
Finding the best person to lead your nonprofit organization is a challenge. Add to that the need to work effectively with your fellow hiring team members as well as allow for the many external constituents that want a voice in the hiring decision, and you have yourself a daunting task.…
Nonprofit organizations are a critical part of a healthy community. They provide essential services to people who are underserved by the government and private sector. However, to continue their significant impact on the community, they need funding to keep their programming going. Fundraising is an ongoing challenge for nonprofit organizations. …
What would it be like to move from a career in the for-profit sector to one in nonprofit? Will it be more challenging than expected? Will it be as fulfilling as imagined? What should a person expect and how can you prepare for the change? This article will give you…
When it is time to address succession in a family business, there are many considerations that need careful attention. Most family business owners will naturally look to the next generation for the successor. This hand-off is not a decision that should be assumed by either generation. For the sake of…
A board of directors can make a significant difference in the success of your nonprofit organization. A board comprised of knowledgeable, diverse and well-connected individuals can collectively provide your nonprofit with numerous benefits. Not only can they offer wise guidance for your organization’s operational and financial decisions, but they can…
When family members are your coworkers, business can get complicated. This is especially true if you plan to pass your business on to family members after you retire. If you're running a family business, making a succession plan for the future is a must. Family business succession is a plan…
