For-Profit or Nonprofit or Hybrid Business?

Traditionally, the divide between a for-profit or nonprofit organization was clear: for-profit businesses would engage in revenue generation and nonprofits would engage in charitable work to solve social issues and would largely stay away from revenue generation. The rise of social enterprises in recent years, however, has made that distinction less and less clear. Social entrepreneurs are finding innovative ways to challenge the […]

I’m Founding A Nonprofit: Should I Pay Myself?

Some leaders want to get their organization off the ground, demonstrate impact, and validate their worth without draining resources during the critical early stages. Others may believe that the organization’s ultimate success (and their ultimate payoff) will increase if they hold off and leverage all resources toward growth.

But sometimes even after an organization has stabilized, founders take no funds or […]