Even a Non-Profit Startup Needs a Revenue Model

Posted by martinzwilling under Startups
From http://blog.startupprofessionals.com 106 days ago
Made Hot by: mikehartman1 on February 7, 2013 1:37 pm

A common misconception I often hear in the startup world is that non-profits are easy and safe, since they don’t have to pay taxes, and they don’t have to make a profit for their shareholders. In reality, from the feedback I get from non-profit executives, exactly the opposite is true.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by mallaharidat
100 days ago

This article is definitely needed for those thinking of starting a nonprofit. You still need to raise money AND manage that money well to serve your mission. And in some regards you need to manage even better than a for profit because someone is looking over your shoulder to see how you manage your books - your funders. Thanks for sharing this great advice!

- 0 +

Written by bigmoneyweb
106 days ago

As important and this is, budget management is not the same as developing a strategic revenue model. Nonprofits that are most successful are those that recognize the twin drivers of a clear organizational strategy and a strategic approach to developing revenues. Thanks for sharing.

- 0 +

Contributors of the Week

Latest Comments

Gary Bembridge

Marketing Consultant, Blogger and Podcaster with 30 years global marketing experience, managing and building brands for companies like Unilever and Johnson & Johnson. …