If you’re thinking of starting a nonprofit (association, club, charity, etc.) or 501c3, first of all, congratulations! It’s important to note that new nonprofits face more challenges than ever before. This is due to how the internet and emerging technologies are changing the ways in which people interact with organizations. Why you should start a nonprofit: it can be an unforgettable experience for entrepreneurs who wish to make a positive change in the world. That is just one of the many benefits and advantages of a nonprofit.
Why You Should Start A Nonprofit
You have an extraordinary opportunity to use your life for greatness. Science shows that creating real connections around a charitable cause or mission is one of the major health multipliers we can enact for ourselves – leading to a longer life, less disease, and improved mental cognition far beyond people who sit on the sidelines of life.
The Impact of A Nonprofit
Know the benefits of starting a nonprofit organization. This is also helpful when deciding between starting a nonprofit rather than a traditional business model.
- Helping Others
- Social Entrepreneurship
- Limited Liability
- Tax Benefits
- Leaving a Legacy
How Does A Nonprofit Work?
A nonprofit organization is similar to a traditional for-profit business but the purpose for existing is to achieve a mission, as opposed to generating profit for owners and shareholders. Additionally, all nonprofits by law, are required to have a volunteer board of directors. They also serve the organization as mentors, leaders, and guardians of the mission.
The Power of Nonprofits
One of the greatest gifts you can give yourself is the act of assuming more responsibility for a cause greater than yourself. Science shows that true happiness is actualized at the highest levels through charity and volunteerism. With no shortage of problems that need solutions, I am confident that lending your efforts to a nonprofit as a board member, is one of the greatest decisions you can make. Nothing feels better than giving – be it your time, talent, or treasure.