
During this iQ course, participants will learn about Step 3: Stabilize, from the HCBS Business Acumen Center's toolkit. Every organization strives to have stable operations. Every business has to operate. It has to function. Organizational stability means many things. It requires that you have control of your finances so that you have enough in revenue to meet current expenses and are able to create savings that can be used to sustain your organization through down periods. Ideally, the financial stability of your organization is such that you are prepared for growth when opportunities present themselves. Organizational stability requires that your business has an employee base who is responsible, reliable, and trained. It means that your business has efficient business processes and uses technology in ways that allow employees to operate as effectively as possible. Ultimately, organizational stability means that your organization operates effectively today and should for the foreseeable future.