Thursday, November 23, 2006

Bonus: Your Feedback on Failure and Nonprofits

This bonus episode is all about your feedback.

Listener David Finch adds his thoughts about the subject of failure and starting over.

Listener Vince asks more about business structures. When would you choose a nonprofit, rather than a traditional for-profit organization?

Becky McCray suggests three factors that would influence you to go with a non-profit structure:

  1. Revenue is not your main goal. 
  2. You are seeking donations or grants to fund your organization.
  3. You ready for scrutiny of your public purpose.
On the other side, you might want to go with a for-profit structure in these two cases:
  1. Instead of donors, you want to create shareholders.
  2. If you want to be able to sell out.

this is an audio post - click to play

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