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Leadership Discussion Series: Find the Financial Guru In You!

Posted By NALS Leadership Identification Committee, Friday, January 19, 2018
Updated: Monday, January 22, 2018

The NALS Leadership Identification Committee (“LIC”) is tasked with identifying potential future leaders for service on the NALS Board of Directors and assisting leaders in finding other leadership roles within the Association as committee and task force chairs and/or members.  Pursuant to the LIC Operational Plan for 2018 – 2019, potential NALS Board of Directors candidates will be assessed on the talents, abilities, and vision they demonstrate.  NALS and the LIC values and seeks diverse leadership as defined by race, ethnicity, gender, religion, age, sexual orientation, nationality, disability, appearance, geographic location, area of law, professional level, etc.  The LIC has identified a number of desired attributes that will be a part of the selection process for new board members.  We will be presenting a series of articles and hosting Zoom calls to discuss each of the competency areas we have identified as essential for the success of the organization.  In this article, we will discuss NALS’ need for a future board member who is a financial guru and has the demonstrated ability to generate revenue for NALS.


NALS cannot continue to exist and thrive in the current market solely from the dues paid by members, the profit from the products and services we currently provide, and the generous support from the NALS Foundation.  While these revenue generators are essential to the stability of the organization, the industry is constantly changing and demands more from our Association—which requires more money.  The future of the Association depends on creative individuals who have demonstrated their ability to actively raise funds and think of innovative ways to generate revenue to step up and lead the Association. 


Future board members who possess the financial guru skills will be able to leverage community partner, sponsor, and vendor relationships for the financial benefit of the Association.  They will have their finger on the pulse of the value proposition for the membership—what do the members receive in return for their financial commitments and is the price point the right one?  A financial guru will be able to discuss whether or not there are additional member benefits that can be added to increase the value proposition.  In addition, financial gurus will be able to identify and capitalize on the strengths of the Association to put those strengths to work for the organization's bottom line, including how to tap the staff and volunteer resources within the organization to increase revenue.  How do we raise capital from multiple revenue stream sources?


If you have an identified goal to serve on the NALS Board of Directors, learning how to become a financial guru and highlighting your success at fundraising and revenue generation would be beneficial to your success as a candidate.  If you do not have expertise in this area, there are opportunities for you to develop this attribute.  You may consider joining a networking group outside of NALS focused on nonprofit fundraising and business building.  Research funding strategies by reading articles, books, and other financially focused material, and put those principles to action in your local and state chapters.  Once you have been successful at raising capital, be able to describe the steps taken to achieve financial success and how you can duplicate that success nationally.


Whether you are already a financial guru or you are honing your revenue generating skills, the NALS Leadership Identification Committee is here to support you in your climb to the top.  If you have an interest in being a part of a community and making a contribution to NALS on the national level, we can help you find the best place for you to put your talents and strengths to work.  Please contact the LIC by sending an email to LIC@nals.org.  We look forward to hearing from you!


Our Financial Guru Zoom call will take place on Wednesday, January 31, 2018, at 8:00 p.m. Eastern/5:00 p.m. Pacific via Zoom meeting.  Simply click here or type https://zoom.us/j/5553235829 into your browser on PC, laptop, tablet, or phone and follow the prompts to get logged into the meeting.


On each call you will hear from an LIC member who cares about and is invested in the future of the organization and you will be able to ask questions about where you can help.  The meetings will be brief—under 30 minutes for those who will need to join over a lunch hour—and informative.  If you believe you are a leader, want to become one, or have been told you have what it takes, we hope you will join us.


If you have questions, please contact us (Brandi Hobbs, ALP; Kerie Trindle Byrne, PP, PLS, CP; Sherry Baran; Cathy Zackery, CLP; and Charnice Rollie) at LIC@nals.org.


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