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These are the common questions I've received from over seven years of mentoring and over twenty years of nonprofit experience.
These are the common questions I've received from over seven years of mentoring and over twenty years of nonprofit experience.
Many people start a nonprofit for all the right reasons and then discover there is actually more work involved than originally expected. Some have a service create their nonprofit and really don't understand what they have created.
Some people start a nonprofit to become rich. I do not recommend this as a business plan. Remember one fact – the organization is tax-exempt, you aren’t. If you want to become rich with a nonprofit, the easiest way is probably to start out very rich, and spend down until you are just rich.
Anyone can start a nonprofit, which is a problem in my mind, because actually running one can be challenging. Always remember, it’s not just a cause, it’s a business.
These are some of the notes I have taken over five years of mentoring and consulting nonprofits, plus founding and operating my own. I hope they are helpful.
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