Tuesday, May 23, 2017

What are the differences between how you operate a FOR and NOT for profit business?

Is a non-profit a business
I saw this in my IN box and had to share.

What is the difference between a FOR and NOT for profit business? Note I used the word "business."

Despite what many in the non-profit world think, a non-profit is a business. It is a corporation. It has to be, per IRS rules. To operate, it must have a viable, sustainable income stream.

But there are other factors too. I'm not going to post them here, but you need to read this article.

She talks about the corporate philosophy and community. I encourage you to subscribe to her online information and use it in your non-profit organization.

MARKETING TIP: A non-profit lives off other people's money. That's just the way it is. Non-profit board members and staff have to be accountable for it and be creative when it comes to sustainable operations. When the public sees that level of corporate responsibility, money will come easier.

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