Nonprofit vs For-Profit: Which should I start?

| September 19, 2017

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Discover the different operations of a nonprofit vs for-profit organizations. Then, learn whether or not your business model should be moved forward as a for-profit company or a nonprofit organization.

Spotlight

National LGBT Chamber of Commerce (NGLCC)

NGLCC, the National LGBT Chamber of Commerce, is the business voice of the LGBT community and is the largest global advocacy organization specifically dedicated to expanding economic opportunities and advancements for LGBT people. NGLCC is the exclusive certification body for LGBT-owned businesses. NGLCC is the creator of the groundbreaking "America's LGBT Economy"​ report which spotlights the $1.7 trillion dollar impact of America's LGBT business owners. The NGLCC International Business & Leadership Conference is the largest LGBT business event on the planet.

OTHER ARTICLES

New Nonprofit Board Leadership: 3 Ways to Empower Your Board

Article | February 13, 2020

Nonprofit board leadership has always been a bit tricky for those in charge. Board chairs are, like the other members of the board, deeply invested in the success of the nonprofit itself. Further, they appreciate the connections being on a board affords. In addition, however, nonprofit board chairs and directors are also directly responsible for the cohesiveness, effectiveness, and, eventually, results of the decisions that are made. To this end, those that are the most impacted by these decisions should be on the lookout for new ways to empower boards to be effective and inventive. Nonprofits rely heavily on their boards for strategic decision making. Giving boards the right tools and resources to do so is half of the battle.

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What is a Tech Platform-Centric Nonprofit?

Article | February 13, 2020

Becoming a platform-centric nonprofit creates enormous opportunities for digital transformation. A platform-based nonprofit uses a technology platform as a key foundation in their technology strategy. This focus on a foundational platform allows the nonprofit to act on information and data in new, connected ways. When done well, a platform-centric technology strategy empowers organizational strategy, which drives higher and more meaningful mission outcomes. Build has worked on numerous platform selections and implementations. When done right, the move to a platform-centric approach demonstrably delivers values, with a clear link between the effort and the outcome.

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Building Fundraising Campaign Themes That Increase Donations

Article | February 13, 2020

Have you ever seen a fundraising campaign that feels like, well, it’s just kind of sitting there? You know it’s an important cause, but there isn’t any "there" there in the messaging. Nothing is compelling you to take action, bringing together a coherent story. It can all feel a bit, well, empty. Launching your fundraising campaign without a theme is almost as tragic as having a cute cuddly puppy without a name, or a house with no foundation. Sure, the puppy is still adorable and cuddly, and the house might have some great features. If there's no way to introduce your puppy to your friends, and no firm foundation to keep the house stable, people have this missed connection that they can’t always point to, but they can feel.

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The CARES Act Provides Financial Relief for Nonprofits

Article | February 13, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the largest economic relief bill in U.S. history with an estimated $2.2 trillion price tag, was signed into law on March 27, 2020. The CARES Act includes several key relief elements that could prove essential for nonprofit organizations affected by the economic downturn.

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Spotlight

National LGBT Chamber of Commerce (NGLCC)

NGLCC, the National LGBT Chamber of Commerce, is the business voice of the LGBT community and is the largest global advocacy organization specifically dedicated to expanding economic opportunities and advancements for LGBT people. NGLCC is the exclusive certification body for LGBT-owned businesses. NGLCC is the creator of the groundbreaking "America's LGBT Economy"​ report which spotlights the $1.7 trillion dollar impact of America's LGBT business owners. The NGLCC International Business & Leadership Conference is the largest LGBT business event on the planet.

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