No one cares how long your company or non-profit has been around. In fact, being “old” may work against you. So let’s stop all these campaigns and celebrations and non-profit fundraising case statements marking an organization’s, 10th, 25th, or 50th year of existence.
As the financial statements say, “Past performance is no guarantee of future results.”
People don’t donate to non-profits because they’ve been around for a long time and done great work in the past. They donate because the organization is providing value that is especially relevant NOW and in the forseeable future.
Celebrating a milestone may be a wonderful idea for those people who have been with an organization for 25 or 50 years. But no one else cares that much. Make it a small, intimate party and keep the costs down.
We don’t buy from a company because it’s been in business a long time. We buy if they fulfill our current needs better than any other company. In fact, I believe companies with a longer history –think Sears, GM — have to work harder to stay relevant with their customers. One reason: it’s hard stop doing what was so successful and innovate. The second: it’s hard to change big, old companies.
And third? Did you know that there are more billionaires under the age of 40 than any time in our history? They’re innovators, upsetting the old dogs. Stealing your market share and redefining your industry while you celebrate your history. Spend more money envisioning how you can provide more value to customers in the future, and far, far less on banners and celebrations marking longevity.
The past is good for history books. But not for making and raising money.
