With many organizations deep in budget planning right now, it’s worth considering whether your team might have some debt to repay in the year to come.
More than just dollars owed – debt can also accrue when you postpone or overlook the ongoing maintenance of the vital inner-workings of your program.
The training that’s been put off because the team can still get by… the set of protocols that are too poorly documented to be of use to anyone else… notes about key donor conversations that haven’t been added to the database for easy access… the campaign analysis that gets put on the back burner because the next campaign is coming right up….
Sometimes taking on short-term debt like this can enable your organization to grow in ways it otherwise couldn’t if your team is always singularly focused on the i-dotting and t-crossing.
That said, don’t wait too long to fulfill these debts before essential institutional knowledge goes missing or something goes wrong that could have been prevented. Be sure to consider the internal resources needed to accomplish this so that you’ll be in a stronger overall position as you move forward.