Starting a nonprofit is a lot like starting a business. (And successful nonprofit start-ups always approach it as such.) When you start a nonprofit, creating a sustainable business plan—yes, a business plan—is paramount.
So if you’re starting a nonprofit, it may be worth your time to consider alternative revenue sources. Hybrid business models for nonprofit start-ups are popular for a reason. And while nonprofits add elements of for-profits in their organizational models, some corporations are integrating social good elements.
Keep clicking to learn more about the benefit corporation (B-corps) designation for socially conscious for-profits.
Should Wariness of Corporate Social Responsibility Extend to B-Corps? [NPQ]