It is easy to conclude that the main difference between non-profit and for-profit corporations is how the word ‘profit’ figures into their set goals and overall operation. The most common terms used to describe the difference between the two, however, have much to do with their reason for existence. The differentiating line between them tends to blur as each increasingly operates more like the other.
Many for-profit organizations are now including a social dimension into their operations. A lot of non-profit organizations, on the other hand, are starting to see the advantage of using more corporate methods of handling day-to-day operations. At first glance, the challenges that are inherent in running a non-profit organization may not be readily seen. The main challenge is staying true to the mission and vision, while ensuring that the organization remains ‘profitable’ enough to remain alive to accomplish its goals. [Read more…] about Why It Makes Sense for Volunteers to Run Their Non-Profit Like For-Profit Corporations
Originally posted on August 12, 2014 @ 1:13 pm