Sunday, December 16, 2007

Non-Profit vs For-Profit

There have been times when I have seen the question asked "Should I be a non-profit or a for-profit?"

My answer to that question is that you should be a combination of both! Why? Because you get the best of both worlds that way!

For instance one woman took her love of landscaping and started a non-profit organization. With a group of volunteers, her organization starting cleaning areas of the city. Then a proposal was made to find out whether or not starting a training program would help the community. That proposal was submitted and more than one grant award was given to this non-profit organization.

Now how does the "for-profit" thing come into this? Did you know that the for-profit business was spawned from the non-profit organization? Proceeds from the for-profit aspect go to supporting the organization's daycare center. And what is the most ironic thing of all is that after their for-profit version helped support their non-profit organization - they started to get more grant money!

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