How To Accelerate Your Nonprofit Using Strategies From The For-Profit World
via Forbes Nonprofit Council
These days, you might hear about innovative nonprofits that are either in part or entirely self-funded — think TOMS and Out of Print. One thing’s for certain: They’ve come a long way from the charitable donations and endless fundraisers you typically associate with nonprofits.
What’s interesting is that many of these organizations actually incorporate characteristics of a for-profit company. This, however, doesn’t mean they seek a profit. Rather, it’s about creating a sustainable business model to ensure the continuity of their social efforts.
We asked three social entrepreneurs from Forbes Nonprofit Council about the ways in which they run their nonprofit like a for-profit business — and how that helped shape the success of their organization today.