Many of us are familiar with for-profit and non-profit organizations. However, this week, we have the pleasure of speaking with two individuals who have joined forces to revolutionize the non-profit sector. Meet Mike Oxman and Larry Clark, the visionaries behind No Margin, No Mission. Established in 2011, No Margin, No Mission aims to create financially sustainable organizations that achieve greater social impact.
With their expertise and dedication, Mike and Larry provide invaluable support to non-profits, equipping them with the tools and knowledge needed to step off the fundraising treadmill and pave the way towards self-sufficiency. By fostering financial stability, No Margin, No Mission opens up a world of possibilities for non-profit organizations to expand their impact and create lasting change in their communities.
Timestamps:
00:50 – Interview starts
01:25 – How Mike got involved with No Margin, No Mission
04:22 – How Larry got involved with No Margin, No Mission
05:50 – What is No Margin, No Mission?
10:10 – Why should a nonprofit consider earned income and how do they do it?
14:20 – What behaviors or characteristics need to exist before considering an earned income opportunity?
17:40 – What role do board members play in earned income?
19:10 – What opportunities are created when you pursue earned income?
22:20 – Real life examples
26:15 – Rippling effects of earned income
35:35 – Recapping with Read
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