Ten Tips For Nonprofits When Creating Business Ventures
Nonprofit business ventures are not a fad or a new idea. Many environmental organizations, literacy efforts, youth groups, senior service providers and affordable housing advocates, among others, are creating ventures. Whether they are large or small, nonprofits run franchises, thrift shops, food service companies, consulting firms and even manufacturing companies to fund their programs. However, if you're not an established nonprofit with existing policies and procedures that run smoothly, take time to build your infrastructure before undertaking a commercial venture.