Starting a Nonprofit vs For-Profit Business (Pros and Cons)

Thinking about starting a nonprofit organization or a for-profit business? Here are a few differences and how you can make a difference in the world with either structure. #Nonprofit #Entrepreneurship #SocialEnterprise

I now work full time for the 501c3 nonprofit I started many years ago and love seeing the social impact we make in our community as we grow. But I also know many people who started a for-profit business or social enterprise instead, and are making a social impact through that model!

In this video I talk about a few pros and cons about starting a nonprofit vs a for-profit business to help you think through which is the best direction for you. I hope this helps!

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// MORE ABOUT ME

[chancecooper]

I own twenty acres near Myrtle Beach SC and will retire from Army in four years. I want to open a Transition Home for young Males ages 18-23. I want a house/barracks type home with 10-15 beds. My goal is to mentor and coach these young males into College, Business, Job, or whatever. My goal is to use my leadership from 20 years of service with these young males. Doing research now.

[carmelavance]

This is what I have been looking for Amber you are a game changer and I thank God for you...and all the people that are so helpful to people like me.

[onetapmindset]

We will be creating a for profit to make effective impact in Puerto Peńasco, MX Rocky Point, MX. Friday-Sunday services trip for all ages and family structures 😊BEING OF SERVICE

[AmberMelanieSmith]

Are you in the process of starting a nonprofit or a business to make a social impact? Shaaaare more about it here!

[sturner]

Your videos have been truly helpful with so much great information, thank you I appreciate it

[NinjaXchacha]

This is the BEST video I've seen breaking them down!! Thank you!!

[PlanetKarma]

Extra detailed information, thank you for looking into the pros and cons for us, this is really good advice Amber!

[NatureNymphLLC]

Excellent info and well presented vid. Thank you so much!

[redskittlez]

Thank you so much for the unbiased yet very informative video!!!! Helped so much

[tupoutolo]

Thanks for sharing and happy holidays. God bless

[andrewsanchez]

Perfectly good information for my community service neighborhood watch volunteer services

[EarthFarm]

Great video! I love your style and think you’ve done a very good job. Keep making videos!

[stevethurson]

You are truly phenomenal 🌟🌟 Amazing descriptions. I was learning towards Non-Profit however when you are saying that the board could put me one day……nope. Want to leave my businesses to my kids or other great people

[thefabfreelancerproject]

Always great content. Keep up the good work🌟

[AndreHypnosis]

Very knowledgeable young lady. Thank you for your support.

[jennodine]

Thank you so much for providing me with some clarity.

[davidrockett]

Per my Financial Education 501c3 Foundation Legacy Heroes...there are a host very different doors & opportunities for Education in our process -- that simply would not be nearly as open (if not outright Closed) to me IF I were acting as a for-profit business. The very notion of "Profit" can unfortunately scare many people off outright or, prevent them by policy from sponsoring me since they'd get pressure to do likewise with other "competitors". My non-profit status sets me far more in a neutral light which those with a profit motive must constantly battle against.

[ar]

Definitely the Business route. Social Enterprise.

[madisonsmith]

Thank you so so much for this! This is great

[hyojinlee]

This is my favorite video ◡̈ Thank you!