How to Set Up a Non Profit Business...



"Buddhanature is the innate primordial freedom of the mind, which is naturally imbued with wisdom, compassion, power, and bliss."        Karl Brunnholzl 


Today's guest post is by Karyn Winrich. She is a personal accountant with over 20 years of experience in the field. She believes that with some strategic planning, anyone can take charge of their financial wellness. This is the reason why she created Financial-Literacy, to offer helpful and practical advice to people from all walks of life to establish a more financially secure present and future.

Without further ado, on to the informative article.



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14 Simple Steps to Setting Up a Nonprofit Organization

 

Do you want to start a nonprofit organization? Maybe you’re thinking about ways you can improve the lives of people in your community, or perhaps you want to help people going through crises nationally or internationally. Whatever your goals, it’s essential to know what you’re getting into so you can prepare. Today, Rational Nation USA shares some critical tips for launching a nonprofit.

 

Put Your Vision to Paper

You likely have an idea of what you hope your organization accomplishes. The first stage is to start making your vision tangible.

 

     Brainstorm specific services your organization could provide to fill unmet needs in your community or market.

     Develop an initial branding package with your logo, typography, and color scheme.

     Draft an official mission statement and confirm your core values.

     Make a list of potential board members, partners, and donors who will stay committed to the cause.

     Write a business plan detailing your goals, projections, and strategies.

 

Knock Out the Necessities

You’ll deal with your fair share of administrative tasks on your way to launching. Don’t procrastinate on these responsibilities:

 

     Research the estimated costs of starting your nonprofit, and create a realistic budget that helps you accomplish your goals.

     Look for an accounting system for nonprofits for managing your money effectively.

     Apply for tax-exempt status at the federal and state levels.

     Weigh the pros and cons of an LLC vs nonprofit structure.

 

Start Making Moves

As you begin building a foundation for your organization, it’s time to get the word out and move forward.

 

     Set up interviews with potential team members (e.g., volunteers, partners, employees,  etc.). Gauge each candidate’s skills, knowledge, and dedication to your nonprofit’s mission.

     If you're in a rental, keep in mind that your lease agreement might limit what activities you can engage in. Be sure to check your contract, zoning laws, and discuss your intentions with the landlord.

     Promote your nonprofit locally and online through social media, email newsletters, and paid ads.

     Use content marketing techniques to help boost your organizations search ranks online.

     Once everything is ready to go, start providing your service to people.

 

Starting and running a nonprofit can seem pretty intimidating at first, but you’ll learn a lot about it as you get your feet wet and find your team. The key is to lay a firm foundation upon which you can build an organization with the potential for growth. Keep these tips and resources in mind, and constantly seek other ways to help your nonprofit fulfill its mission!


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