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    Johnny Knocker's Avatar
    Johnny Knocker Posts: 17, Reputation: 4
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    #1

    Feb 9, 2009, 02:52 PM
    Non-Profit Business Steps?
    To make this short and simple, I just got my BA degree and plan on going back within the next year for my MBA. I run an online business now but it doesn't take much of my time at all. I am wanting to start a non-profit charity to help underprivileged kids but I have no idea where to start?

    Any information or help would be great!
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Feb 9, 2009, 03:00 PM

    That is a very ambitious and worthwhile plan, mr. knocker. There are definitely a lot of kids in inner cities across America who could benefit, but that would mean a lot of sifting out, etc.

    First you must get a business plan together and apply for a State licence for a charty. I don't think they are easy to acquire because you really have to prove it will be non profit, have a boad of directors, etc. so it must be run as a company disbursing the money acquired.

    How would you raise the money is a good place to start. What benefits would you engage to do this ?

    I hope I have given you some food for though and a good place to start.
    Johnny Knocker's Avatar
    Johnny Knocker Posts: 17, Reputation: 4
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    #3

    Feb 9, 2009, 03:03 PM
    Quote Originally Posted by tickle View Post
    That is a very ambitious and worthwhile plan, mr. knocker. There are definitely a lot of kids in inner cities across America who could benefit, but that would mean a lot of sifting out, etc.

    First you must get a business plan together and apply for a State licence for a charty. I dont think they are easy to acquire because you really have to prove it will be non profit, have a boad of directors, etc. so it must be run as a company disbursing the money acquired.

    How would you raise the money is a good place to start. What benefits would you engage to do this ?
    I've met a lot of honest wealthy people throughout my college years. I was going to solicit the idea to them first to get the start-up money. Then hopefully the rest would come from donations and volunteers. The business side shouldn't be difficult for me, I just know that starting a non-profit or not for profit business is completely different than running an internet business.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #4

    Feb 9, 2009, 03:36 PM

    But you still need a state licence to run a charity.
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