Even a Non-Profit Startup Needs a Revenue Model

Posted by martinzwilling under Startups
From http://blog.startupprofessionals.com 4303 days ago
Made Hot by: mikehartman1 on February 7, 2013 6:37 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.

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Comments

Written by mallaharidat
4297 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!

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Written by bigmoneyweb
4303 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.

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