Sunday, May 24, 2009

What can Non-profits do to survive and thrive in this economic drought

We can agree that these are some tough times, resources and capital is tight, as economic stimulus trickle back into the economy, the non-profits will feel the pinch. nonprofits will need to assess their position and performance and plan accordingly. I would recommend this seven step- strategic reevaluation to optimize opportunities during these tough times:
1. Analyze market trends and what the markets need.
2. Organizational footprint, starting with the board of directors to tap into strategic processes, knowledge and resources to address opportunities in the markets.
3. Develop an strategic plan; what is the main sources, what is the organization's best activities.
4. Not just develop the strategic plan but also implemented and stick to it.
5. Analyze opportunities, connect with them and be proactive in delivering the mission statement and message to the masses.
6. Evaluate each opportunity with pros and cons, develop an after action report to analyze new opportunities and miss opportunities.
7. Improve and keep improving, be relentless. Action creates reaction

For more information contact me

Hannibal Chinchilla
Barca Financial Group

Thursday, May 14, 2009

Lowering Fixed Costs

Barca Financial has been lowering commercial liability for business owners. The market is very competitive lately. In one instance, we were able to save up to 66% on a liability policy. That is 1/3 of what they were paying, increasing their coverage and making more affordable during these tough times. Contact us to learn more or visit our website for a no obligation quote:

Thursday, May 7, 2009

Financial Times

We have been witness of a volatile market crises, which started with the housing market, credit market and lately the banking crises. It is a three punch impact that started in 2007. I have seen many friends in corporate lose their jobs lately; friends taking jobs they are over-qualified for for less money to make ends meet. These are tough times, we can feel them in some way or another. Inflation is on the rise; a concerning fact is the government spending on companies that over-extend themselves; the aid received by some have created an intangible sense of security for some making buy other companies that have too much debt and toxic assets. Even banks are not excluded from these behaviours. Lately a Bank for banks has been liquidated. Many smaller banks will follow. This is a sign of times that will last quite a while. Our culture of over spending on credit and extending our means will suffer and have to be dealt with. I could see this happening upon coming to a robust, bull market. I am blessed to be a conservative investor. I believe in being one's own bank and diversified not only in the stock market but in tangible holdings. Always sell high and buy low. In a bear market, cash is king for those who have it. Even though the sense of fear instill by the public media has a greater impact and affect the consumer confidence; this freezes commerce, entrepreneurship and financial well being. Many over spenders will have to work longer. Generations X'ers and Y'ers will have to realign goals as many government programs will not be there for them. As a nation our financial strength will decrease in a way of a weaker dollar. Our only positive productive industry: Exports will suffer in a global market. New player will emerge and dictate how we do business in the future. Free trade and global competition will be fierce. Our efforts for job creating will be challenged by our socialism changes. Capitalism have endured and always have come on top. This time around we will be restricted on production, earnings as we will pay higher taxes. My only recommendation at the present time is to budget, restrict expenses and hold on for a wild ride. It will be a few years until we would feel relieve. Do your homework and prioritize what it is really important, not only for now but for the future of our children. So far it looks very bleak.