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ArtsManager > Blog > Posts > November 4, 2008
November 4, 2008

During the current financial crisis, while I am obsessing about financial matters (I obsess well), I am reminded by Marie Mattson, my Vice President of Development, that what we are here to provide people – our audience and donors – education, entertainment and inspiration. Our constituents need us now more than ever to be there to provide diversion.

It will take a great deal of discipline to make my audience and donors enjoy their interactions with the Kennedy Center even as we are worrying about whether we can afford them.

Many of us have a natural tendency to want to share our worries with others; somehow we feel that by sharing our burdens we are also sharing the responsibility for addressing them. Obviously this is not true or helpful. In fact one of my rules for a turnaround is that you have to provide a relentlessly positive picture of the importance of your organization even as you are dealing with all of the problems. Threats of deficits or even bankruptcy do not encourage donations.

The same applies now – to all of us. We must ensure that our interactions with our constituents are as fun, uplifting and inspirational as we can.

In fact, as donors cut back in the current financial situation, the competition for funding only increases. The happy productive organization virtually always trumps the depressing, whining one.

If we want to compete well for funding, we must demonstrate that we have a plan for dealing with reduced revenue, that we are continuing to provide important service and that we are a comfortable organization with which to deal.

This is how we will hold on to those who provide us revenues and it is our only real hope for rebuilding successful thriving arts organizations when financial conditions improve.

Comments

Yes, you can, Michael !

***
Rares Trifan at 11/5/2008 7:48 AM

Re: November 4, 2008

Well Chris.......:)))))))))))))))))))))))))))))))))))))))))))))) m. 
Martin Cikanek at 11/8/2008 8:45 AM

Opportunities

It will be very challenging to face the reduction of financial resources at this time, everywhere. But also there will be a big opportunity for the creativity. Thanks for sharing your inspirational stories.
Pablo Boada at 11/14/2008 4:17 PM

Boy...the news just gets worse...

Every day in the paper I am seeing more bad news.  Citigroup cutting 52K jobs.  Stocks down.  Companies going bankrupt.
As someone who obsesses over my budget/cashflow (I look at it daily), it's sometimes hard to stay positive internally.  Even though the economy is a good excuse, you can't help but wonder if it's something you are doing when the ticket sales slump or when grants/individuals start cutting back.  I'm hoping for an entrepreneurial idea that will put us back on track...but right now it's just not coming to me.  Others are saying we just need to hold tight this year and maybe next...but if things keep going this route, we may have to make some painful decisions sooner rather than later.
On the positive side, we've been rethinking every aspect of our business, art and outreach to see how we can do things better.  Most of these will be applied next year.
Don Eitel at 11/18/2008 11:00 AM

Giving it more thought

Dear Michael,

It's now over a month since your post and so I think a little more thought needs to be added.  I think it is important to share concerns, to emphasize that a crisis is at hand and (what we as executive directors) are doing.  I think we need to share ideas and strategies and remind our members of our successes.  At a recent board meeting I discussed how we dealt with our previous crisis and offered ideas on how we can prevail though this one.  I am also inviting my board, our artists and other members in my  field to hear their ideas.  Likewise, I am offering support wherever I can so that it is more of a shared problem rather than one of my own.

  
Andrew Salgado at 12/8/2008 2:20 PM

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