The Paths To Financial Vibrancy Project

Welcome to FinancialVibrancy.org!

FinancialVibrancy.org is a hub of peer-to-peer learning for Ontario’s community-based employment and training sector (CBET). It is an online community of practice where leaders and practitioners can learn from others and share their own experiences. It is part of a process to build organizational capacity from within.

The insights on this site are actual experiences of leaders within this sector, shared by them in their own words.

In the increasingly uncertain funding environment, financially vibrant organizations are not dependent on any one funder. To attract investment and diversify funding, financially vibrant organizations think and act holistically. They are adaptable to change. They are effective in all organizational functions. And they deliver outstanding results in their community.

FinancialVibrancy.org is designed to help agencies:

Learn from the experiences of leaders “in their own words”
Identify practical steps to enhance their organization’s effectiveness
Develop their agency’s action plans for financial vibrancy
Share experiences, success stories and resources to build capacity within the sector.

Sign up to the Newsletter to stay tuned for new peer-learning events, workshops, new resources, and other ways to build financial vibrancy within your agency.

Download Complete Report

How to Use this Site?

First step, determine what financial vibrancy means for your agency. The Self-Assessment Tool will help you define your agency’s goals.

Next, reflect on the nine interrelated ‘paths’ that are critical to building effective, financially vibrant organizations. Search content using the left drop-down menus or search keywords (or tags) by using the Tag Cloud. The Tag Cloud helps access the multiple points of interconnection within the paths.

The site is designed using advanced Web 2.0 technologies to build networked communities and share knowledge in a participatory way.

Join the Online Community and add your own stories, resources and experiences.

Tips on Selecting a Consultant

Do your research ahead of time so you know what you want a consultant to bring to the process (e.g., advise on an ad hoc basis, train, carry out a project such as a strategic plan).

Business Education Council of Niagara

“BEC was the first organization of our kind in North America to receive ISO 9000-2001 registration. We were featured in ISO magazine out of Geneva Switzerland and in Quality magazine out of Chicago. We have a formal process to monitor continuous quality management and a process management system to constantly ensure all facets of our project management system is consistent and up-to-date.

All projects have measurable objectives and financial objectives set at the beginning of the project and have the BEC evaluation system used for all of them. Managers report monthly on actual vs. target project objectives and target budgets. If any are not on target without a realistic reason an action plan is devised to bring it back on track. All managers have an opportunity to have input since all programs are presented to the management team.

The Board of Directors receive a report on targets vs. project objectives and target vs. financial objective with an explanation and an action plan where needed. The evaluation of program services is done for all programs offered by BEC during the project or at the end. Programs where the evaluations have any negatives (even if the evaluations are overwhelmingly positive) those have to be evaluated and action plans designed where required.”

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