Tell me more ×
Answers OnStartups is a question and answer site for entrepreneurs looking to start or run a new business. It's 100% free, no registration required.

I've never started a business before, let alone a charitable, non-profit organization. I search the web and find a lot of information, but other than common sense, I don't know how to tell what is good information or bad/misleading/incorrect information.

I'm looking for any recommendations of informational resources (online or otherwise) to help me answer some of the questions I have, and more importantly, help me discover other questions I should be asking.

share|improve this question

3 Answers

The first question is, why do you want to go the non-profit route rather than a for profit? There are several good reasons, but the main reason I see touted in books and online (I'm doing a similar search now actually) is so that you maintain a mission focus rather than a profit focus.

I believe (perhaps wrongly) that you can must maintain a mission focus in the current economy whether you are for or not-for profit.

So examine your rationale for going non-profit. Come up with more specific questions, and ask them here.

share|improve this answer
The availability of grants and donations can also be a strong reason for a non-profit. Many businesses that provide important services are not charging enough to be self-sustaining. – Paul McMillan Oct 28 '09 at 20:46

Start with the IRS... http://www.irs.gov/charities/index.html

share|improve this answer

I can't comment here, so I will directly respond to Rob Allen who asked "why non profit" - there are a lot of reasons one might want to do this...

  • non profit does not mena no money or no salary - you can make a nice salary
  • exposure - depending ont he product or service, etc. you can get a lot more press or exposure with a non profit. Many new "advertising" markets are open to nonprofits- whereas those same avenues are not
  • access to lots of funds and money - it may seem counter-intuitive, but if your product or service or goals are aligned with other non-profits there can be a benefit since those larger non-profits may have lots of money to spend.
  • get laid (as Joel pointed out at DevDays (quoting someone else) the ultimate goal is to get laid, and chicks dig non-profits.
  • Your goal as founder may not be to get hugely rich and sell out - it could just be to change the world or make a contribution
  • Preferential tax treatment - you can operate in different ways and be treated differently for tax purposes

So, while many here are digging for gold, there are many compelling reasons for some to start a non-profit.

share|improve this answer

Your Answer

 
discard

By posting your answer, you agree to the privacy policy and terms of service.

Not the answer you're looking for? Browse other questions tagged or ask your own question.