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Embracing Opportunity and Harnessing Risk

Making the most of exciting new opportunities

Tip 1: Identify the risks and the opportunities

All opportunities come with risks, and it’s the board’s job to make sure they’re both effectively identified. When Missing People’s choir entered Britain’s Got Talent the board commissioned a far-reaching risk assessment to scope what might go wrong for the people involved, and their families.

Tip 2: Gather the right support

Fully embracing an opportunity means getting the right expertise on board to make sure it’s a success. For example, when EVA Women’s Aid invested in a new service for older women, they harnessed the board’s network to secure vital legal and financial advice.

Tip 3: Focus on your strengths

Focusing on your charity’s core strengths can give you the confidence to seize new opportunities for the future. For instance, Family Fund’s board doubled-down on what they knew they could do well to go after an exciting new opportunity.

 

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