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Charities have been urged to consider the short-term pain of consolidation or mergers as they battle for survival in Bermudas harsh economy.Caroline Foulger, chairwoman of Bermuda Business Development Agency, encouraged the third sector to follow the example of the international business community by undergoing tough measures that could lead to a brighter long-term future.Too many of us had our heads down like cattle and didnt realize the grass wasnt growing as fast as we were grazing.This is an opportune time for us to readjust and get used to the new reality.Representatives from the clubs told The Royal Gazette that they had received little to no communication from the association about when or whether they would receive the money.However, Steven Douglas, the Eastern Counties president, has said that good news is on the way.Think about what you are best at, what are you better at than anyone else at delivering.
You start off doing one sort of thing for your clients and then you morph into doing other things.
Speaking at the third sector conference Building Hope at the Hamilton Princess yesterday, Ms Foulger said that job losses could eventually be recouped if the organisations could become stronger.
Elaine Butterfield, executive director of the Centre on Philanthropy, which organized the event, has previously warned Bermudas charities are experiencing unprecedented financial pressure, with 65 per cent experiencing an increase in demand for their services coupled with a reduction in donations.
Ms Foulger was a panelist at the conference along with senior lecturer of economics at the Bermuda College Craig Simmons, writer and economic analyst Larry Burchall, and Kumi Bradshaw of Firm Advisory.
The title of their discussion was Survival of the Fittest but Ms Foulger said the title was only shorthand for a more important message from evolutionist Charles Darwin that those most likely to survive are those most responsive to change.