Now let’s go to the other side real quick. Let’s talk about for-profit companies that are doing charitable things. A few examples of this are Bombas socks, Tom shoes, Fig scrubs, all three of those companies run a get one give one mentality.
You buy one of their items, they give one away to someone in need, a country in need, a social-economic class in need, etc. They are giving away half of their earnings, half of their product, half of their revenue to charity. However, they’re still a profit organization and for a profit organization they’re doing wonderful things. They’re not afraid to be for-profit and even live their charitable mission.
Why do you want to start a nonprofit? Maybe it’s just for the tax status? That’s really all nonprofit is. 501 (c) is the tax status.
Think about your why. Find your why.
When you’re opening this or starting this nonprofit, get back to the root if you want to do great things. You can still do great things in a for-profit organization.
Know your why. Know your mission. Know your passion. Know what’s driving your decisions and know that all those things align with reality.
Don’t make up stories. Read about it. Learn about it.
I want to help pull you along. I want you to reach your exponential greatness.
Invest in yourself just one percent a day, and you’ll have phenomenal results at the end of the year.