Navigating financial uncertainty isn't just about 'trying harder'
When you’re a freelancer, consultant, or part of an organisation that relies on contracts or funding from third parties, you get used to financial peaks and troughs. This year, so far, though has been flat. Worryingly flat. I’ve never seen so many Open To Work badges on LinkedIn. I’ve even put up the bat signal.
In this post, Rachel Coldicutt shares some worrying news about organisations in the UK’s social sector — including her own. I don’t know what’s going on, to be honest. Putting on my tinfoil hat would suggest various conspiracy theories, whereas donning my systems thinking hat would suggest a confluence of factors including Brexit, pre-election concerns, experimentation with AI, etc.
Anyway, if you need some help at the intersection of learning, technology, and community, I’m here to help! My organisation, WAO has worked with organisations such as Greenpeace, MIT, and Sport England. We’ve got lots of openly-licensed resources which we can use for consulting or workshops, and we’ve also got experience in running impactful programmes. Let’s have a chat.
“It’s a very British mentality at times of: everything’s bad, don’t expect better for yourself, just get on with your life until you’re dead.”
Another “British mentality” is that most people don’t like to talk about money. Not having it is seen as a failure, asking for it is unimaginably crass. You’re just, somehow, supposed to have it.
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This year should be one of pump priming and relationship building, a time of new beginnings and opportunities. The changes many of us want to see certainly won’t happen quickly, but if we don’t collectively make an effort to share ideas, tell stories, show what’s possible - well, they won’t happen at all. This is a good time to get ready, to rebuild networks and ideas, to make things happen and create the conditions needed for change.
It’s hard to imagine a better future and build alternatives when you’re worrying about the bills.
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From conversations I’m having, it feels like we’ve collectively reached a pretty urgent financial impasse and if we don’t break it, many more organisations will find they have to close this year.
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Usually, organisations like mine - who take on a mix of projects from the small (£15-30k) to the medium (£50-85k) to the large (£150k+) – would get a little financial bump in March and April. We’re just small enough to benefit from the flurry of year-end underspends, and big enough to take part in the proposals and procurement rounds that usually begin with the new financial year. By the end of April, any short- and medium-term gaps in the pipeline have usually been filled.
That hasn’t happened this year. And it’s not just us, everyone I speak with is experiencing the same thing.
Source: Just Enough Internet