Business Instruction Thoughts

We often turn a deaf ear to the words “Trillion Dollar Business” because we figure people who say such things are dreamers. Yet there is a nearly 2-trillion-a-year business operating successfully today. That business is:

• The not-for-profit business of charities and other beneficial groups set up to help people and communities.
• These businesses receive contributions and grants to support their good works.
• Giving away money to needy groups and people to help them.
• Rewarding YOU with a generous salary and other benefits for starting the organization when you’re the founder.

YOU Can Set Up a Not-for-Profit Group and receive contributions and grants to do selected beneficial work. You can set up your group by:

1. Choosing the type of not-for-profit work you want to do and raise money for. It’s usually best to choose work that you’re familiar with and know something about.
2. Register as a not-for-profit with the IRS. This is easy to do since you just fill out a few simple forms. You should also check with your state or province to learn if you have to register with them. You can do this quickly and easily.
3. Purchase or take a course in the operation of not-for-profit businesses to guide you in your efforts, such as those refered to at the end of this article.
4. Decide how much money you want to raise It’s best to pick a number on the high side. Some people think that if they ask for a smaller amount of money the will get it, as opposed to asking for a larger amount. Not so! Sometimes it’s easier to raise more money than less money. So be sure to ask for what you need, plus extra!
5. Start raising your needed money using grants, contributions, and gifts from people interested in the work you’ll be doing. Do this by renting a suitable mailing list and sending letters asking for the money you need. You can also go on the Internet and set up a website to raise money. Multi-millions are being raised by charities and not-for-profits on the Internet today and every day – and YOU could, too.
6. Get a good accountant to keep track of the money as it pours into your organization by mail, from the Internet, and by telephone pledges. Don’t skip this step, because if you have a good cause needing money to operate, you can be inundated with thousands of dollars every day. Having too much money to handle can be as big a problem as not having enough money.
7. Go on raising money until you have what you need. Then start doing good works for which you got the money.

Pay yourself well because as the founder of the organization you deserve it.




For more information, education and training about raising money for and operating a non-profit business, visit Howto Business Kits .