Take A Big-Picture View Of Financial Resources
A tight and uncertain economy is a good opportunity to take a look at all aspects of your financial resources. Is your bank giving you the best interest rates? Can you find a bank with less fees and better terms? Establishing a line of credit as a bridge for when cash flow is tight is also good to have in your back pocket.
– Tara Chalakani, Preferred Behavioral Health Group
In unpredictable financial times, stability is rooted in adaptability. At Preferred Behavioral Group, we’ve always believed in combining heart-centered care with strategic vision. Here’s what leaders in the nonprofit sector—including our own Dr. Tara Chalakani—recommend for building a diversified, resilient financial foundation.
- Build from the Ground Up
“Start with one new initiative—perhaps a small fee-based workshop or a subscription support group—and expand gradually.” - See the Whole Financial Landscape
Break down your organization’s revenue mix. Which sources are reliable? Which are at risk? Knowing this helps guide strategic shifts. - Know Your Essentials
What are those recurring, non-negotiable costs? From facility rental to clinical staffing, understanding these helps align funding toward covering them first. - Embrace Creativity
Consider virtual peer support programs, sliding-scale services, or partnerships with local businesses—all potential revenue-generating ideas that align with our mission. - Invest in Sustainability
Long-term funding doesn’t just happen—it’s built. Cultivate recurring donors, multi-year grants, and earned revenue models that grow with your impact.
Dr. Tara Chalakani embodies this philosophy—combining “a for-profit brain with a nonprofit heart” to guide Preferred Behavioral Health Group through every financial challenge and opportunity.
To read the original article and Dr. Tara’s feature, visit the Forbes website here.