There is a characteristic that most financially successful people share: They make money while they sleep. This characteristic refers to the fact that financially successful folks have figured out a way to extend their ability to make money beyond their own efforts. They have saved and invested their capital in ways that earns them interest…
Supermarkets price milk and eggs (and turkeys during Thanksgiving) below, at, or just above their cost. These items (and others) are called “loss leaders” or “leader priced items.” Every time you buy milk or eggs, your local supermarket is, most likely, losing money on that transaction. If one were to analyze a supermarket’s value by…
Our culture is laced with references to both going backward and forward in time. “Monday-morning quarterbacking,” and “hindsight is 20/20,” are two examples of spending time looking backward. Similarly, “looking into my crystal ball,” or “just around the corner” are idiomatic phrases of focusing on looking forward in time. While we can’t physically go backward…
It’s easy to critique. It’s more difficult to create. It can feel less burdensome to evaluate. And far more arduous to produce. It can seem safer to be the respondent. And more vulnerable to be the proposer. But being the creator, the producer, the proposer, is a role the very best advancement leaders are willing…
We should all be imagining how advancement work will be rearranged, adjusted, and altered post-COVID-19. It’s easy to think of remote-work or work-from-home norms as becoming commonplace policy, especially for gift officers. The integration of video conferencing and digital technologies with in-person, human-to-human donor engagement is another aspect of our work which, most likely, will…