Nonprofit vs. For Profit - Which Should You Start?

Рет қаралды 32,160

5 жыл бұрын

Subscribe: www.crowdcrux.com/youtube
Nonprofit Crowdfunding: www.crowdcrux.com/nonprofitaudio
Coaching: www.crowdcrux.com/coaching
What’s the difference between a nonprofit and a for profit organization?
How do these two structures compare? How are they similar and different?
These are some of the questions I answer, along with explore which you should start if you want to impact the world. You’ll get a clear understanding of which organization is for you.
Both nonprofits and for profits are powerful entities that are capable of being build into large organizations.
★★★★ Links and Resources Mentioned ★★★★
Nonprofit Crowdfunding Explained (Audible) ► www.crowdcrux.com/nonprofitaudio
Nonprofit Crowdfunding Explained (Amazon) ► www.crowdcrux.com/nonprofit
Nonprofit Crowdfunding Course (FREE): www.crowdcrux.com/nonprofitcourse
------------------------------------------
Connect with Sal
------------------------------------------
My books: amzn.to/2wk3w0n
LinkedIn: in/Briggman
Twitter: @sbriggman
Insta: @sbriggy or @crowdcrux
------------------------------------------
Connect w/ the Community
------------------------------------------
Blog: www.crowdcrux.com
Forum: www.kickstarterforum.org
Podcast: www.crowdcrux.com/itunes
Sal
This post contains affiliate links.

Пікірлер: 52

@DomMason-qe1zb 4 жыл бұрын

I have watched a few videos on this topic. Your video has been most enjoyable so far. Thank you for sharing in a way that is informative and clear.

@stephenhamilton2220 2 жыл бұрын

Nonprofits can and are supposed to make a profit to cover operating expenses as well. The profit is just not for share to compensate individuals or services unrelated to your programs. Your verbiage is confusing and inaccurate at times. People who think that nonprofits shouldn't or shouldn't be allowed to make any money and expect nonprofit services to be free are dead wrong.

@twentyseven- 2 жыл бұрын

Excellent video, easy to understand and follow along. Your energy kept me intrigued the whole video. Thank you for this!!

@crowdcrux 2 жыл бұрын

Awesome! Thank you!

@Anastasialilliem 4 жыл бұрын

This is a fantastic explanation! Thank you!

@ashleyvillarreal1603 4 жыл бұрын

Love this! Can you make a video about B-Corps?

@danieltiaskkun6114 4 жыл бұрын

This video just left me so conflicted because my company I’m starting falls right in the middle of these. I wanna open a gaming facility for children with an advocate system involved like a big brother program to help the kids who’s families can’t afford these expensive systems and services but also target leagues and tournaments

@ALAFIARARA 3 жыл бұрын

SHHH keep your ideas to yourself!!

@astoldbyabi 3 жыл бұрын

You should look into B-Corps!

@alahjandrodagrate1611 3 жыл бұрын

For profit doesn’t mean you don’t have a goal in mind or don’t have a “charitable” type of idea. If you’re main goal is profit you will fail. You need to start with a demand or need that a society asks for. You have a good idea that people will pay for because they’re getting items that they can’t afford the full price of, much like thrift stores. You’re doing it right because you have a mission that helps people can be profitable. Just because you’re making money off the less fortunate doesn’t mean you’re not helping them. Profits allow growth!

@tendaigamba1835 2 жыл бұрын

Well explained,thank you

@uksewingmachineservice7030 5 жыл бұрын

Nice one mate 🤠🇬🇧👍👍

@allanmeade5150 2 жыл бұрын

So helpful!!

@sapheriasamuels1880 4 жыл бұрын

Great Video!

@hyperskill1222 2 жыл бұрын

Very well explained..🙏🏾

@djashetdjp 8 ай бұрын

This is great. Now i have a better idea on which direction to go to.

@dnavinator 4 жыл бұрын

Salvador - excellent video. Thanks for making it. The bulleted list helps my understanding. I'm trying to start an open source project that will need regular cashflow for R&D, overhead, etc. Any insights into whether a for-profit or non-profit is better suited for an open source project?

@kimarietobe9282 3 жыл бұрын

Good morning, love the video, my question is I want to pay myself in the process of doing good and solving a problem of people in need. Which one should I go with non or for profit?

@jpigg86 Жыл бұрын

A non profit can be taken from you if the bard of directors decides you are no longer useful. You can operate a business in a charitable way, but you can't run a not for profit as a business.

@brojosh072 Жыл бұрын

Great video! Thank you for making it. Also curious to learn more details about logistics behind ways a 501c3 redistributes any profit leftover back into the non-profit!

@ArielleGary Жыл бұрын

good question!

@RegettaSullivan 5 ай бұрын

The laws of supply and demand , pro and con , to market a view based on monetary rewards vs charity for distribution. Once the manufacturer is given a bid to produce a product to meet the sales quota based on profits over loss .

@user-zs2ik6vl2w 8 ай бұрын

Very helpful

@dwane2062 4 жыл бұрын

Great info. Have some more questions? How can I reach you?

@nandiniray8770 2 жыл бұрын

Can you start with a non-profit and later turn it into a for profit?

@kennyvasquez6102 3 жыл бұрын

Hey bud! Great video. I’d love to pick your brain regarding an idea I have. Still not clear as to what I think would be best for at the end of the day.

@crowdcrux 3 жыл бұрын

Hey Kenny, thanks for your message. If you'd like to discuss your idea with me, here's the link to book a call: www.crowdcrux.com/coaching. Let me know if you're interested.

@ArielleGary Жыл бұрын

First, thanks so much for your information! I would love to have your thoughts on my situation. I'm a speaker and I focus on elementary schools. But I have been asked by parents and some schools about a mentoring program, or curricula. It was suggested to me to start a Non Profit and place that programming under that Non Profit. Not sure what your thoughts are, but I'd love some feedback on why this could be a good idea or a bad idea. Thanks in advance! (Hoping that you respond!)

@jorgesalcedo4449 2 жыл бұрын

I like the way you speak.

@lifestylewithtim9107 3 жыл бұрын

Knowledge before profit!. Bullish or Bearish opportunities are created for you to take action. Especially Now.

@mxrevival 4 жыл бұрын

Video was incredible, thanks!

@JoshuaAugustusBacigalupi 4 жыл бұрын

Great video. Do you have any examples of non-profits that generate IP? How does that asset square with non-profit law? Thanks!

@JoshuaAugustusBacigalupi 4 жыл бұрын

And, when I say IP, I mean both hard and software technologies, e.g. Internet of Things.

@coachdanalyons413 3 жыл бұрын

Oh the more I learn the more confused I get. Thank you for this. I fall probably dead middle lol. I just wish someone would tell me which one to go in.

@irenerumfilt3662 10 ай бұрын

Same here!!!

@SaavedraFit 4 жыл бұрын

Great video! Thank you so much! Might have to read the book. My question, is, if I created a nonprofit, could I create my own salary? Or would a board decide on a certain percentage etc?

@AmberMelanieSmith 3 жыл бұрын

In a nonprofit, the board must vote on whether to hire you and what your salary is. The board can also fire you.

@jkay3262 3 жыл бұрын

@@AmberMelanieSmith Dam it, they can fire me??🤨🤨🤨

@AmberMelanieSmith 3 жыл бұрын

@@jkay3262 Technically yes, but working to be an effective leader and maintain a great relationship with your Board helps. A Board should really only fire an Executive Director if they are not meeting the organization's mission effectively.

@lawpilot8526 3 жыл бұрын

5/15/2021 When you say “compony” Are you talking corporation? Or. Any organization, e.g., LLC , Partnership

@elvaz2 4 жыл бұрын

Can nonprofits organizations get public funding . What are some of the organizations that get public funding

@tina-yx8pp Жыл бұрын

thank you can u show as in Quiqbook or peachtree please

@blaqksteel2782 Жыл бұрын

What if a person is the sole provider for a non-profit or not-for-profit? A persion who itemizes allot and gives funds, donations, and time to charities, churches, non-profit organizations, and not-for-profit organizations.

@gatesroyale 3 жыл бұрын

Can a for profit business be ran on donations?

@trevaundouglas716 3 жыл бұрын

Can you transition your non-profit into a For profit?

@irenerumfilt3662 10 ай бұрын

I want to do something for the community. I want to start selling merch for cash flow for my organization, but I also want to accept donations. I want to protect the name for my organization or my company name so no one can steal it. But sell it in the future if my daughter doesn’t want to take over. Do I pay myself or is it salary from my own company? Help!!! I just don’t know where I fit in this group.

@user-dn9vd9xg9p 2 жыл бұрын

If all tax exempt nonprofits paid taxes, our country would be out of debt. Tax payers have paid Billions and billions $$$ to many nonprofits. Isnt it As long as you "notate" that your millions will be utilized for operational expense the next year..... Its a pass? They are not monitored as they should be. Also some nonprofits do not have to itemize the donators .... In which im my opinion should be submitted to IRS correct?