StartupJournal has some excellent advice for those interested in starting up a non-profit business based on the experience of several successful social entrepreneurs.
“Rather than lurch from grant to grant, these founders are starting for-profit/nonprofit hybrids and applying business tactics to expand their reach and make better use of available resources. They’re embracing the wave of productivity savings unleashed in the economy in the 1990s — new information technologies, smarter financing strategies, savvy alliances.”
I am finding a growing number of students in our programs interested in channeling their entrepreneurial aspirations into the nonprofit sector. Just as with their for-profit brethren, they benefit from gaining training in start-up and growth management skills.
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