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Nonprofit Business Development For Enhanced Impact and Financial Sustainability
"Nonprofits have to recognize that they're businesses, not just causes. There's a way to combine the very best of the not-for-profit, philanthropic world with the very best of the for-profit, enterprising world. This hybrid is the wave of the future for both profit and nonprofit companies."
In the face of this new reality, an increasing number of forward-looking nonprofits are beginning to appreciate the increased revenue, focus and effectiveness that can come from adopting "for profit" business approaches. Increasingly, they are reinventing themselves as social entrepreneurs, combining "the passion of a social mission with an image of business-like discipline, innovation, and determination."1
"Nonprofit Business Development" is our term for a group of activities that fall within the broader field of social entrepreneurship. It involves combining the best practices of the nonprofit and for-profit sectors to simultaneously enhance a nonprofit's impact and financial sustainability through mission-related earned income activities.
Our process for nonprofit business development involves:
Nonprofit Business Development can take three primary forms:
We offer a range of services to help you to make informed decisions about if and how your organization should develop its own business activities. And we can help you develop and implement a customized action plan that will help you get to where you want to go in a way that works for you. For more about our unique and very practical approach, See our services..
Nonprofit Business Development can have a variety of positive impacts on a nonprofit organization, including:
there is no mission output. ~ Peter C. Brinckerhoff