WHAT YOU NEED TO START A NONPROFIT

I mentioned in an earlier post http://bit.ly/NyUKLc that the first step in starting a nonprofit is developing a plan.  It is interesting that some people believe they don’t have to create a realistic business plan for a nonprofit.  I’m not sure why this is the case, when a business is a business, whether it is for-profit or nonprofit – the rules of business startup apply to both.

Your Business Idea Must Serve a Suitable Purpose

Like other business types, you have to decide what the true purpose of your business will be.  Have you considered what type of services you will provide?  Do those services complement each other?  Does your service meet the needs of your community?  Yes, your idea for a business may be great, but you have to meet certain criteria to qualify as a nonprofit or charitable organization.

So, step #2 when starting a nonprofit organization is to determine your purpose.