015: The NonProfit Myth [PODCAST]

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Have you ever considered starting or being part of a nonprofit? Are you part of one now? As I was speaking at the local chapter of the National Association of Professional Women, a question was raised about nonprofits. The idea we were discussing was how you add value to your customers and how you show that value in terms of profit. A few from a nonprofit asked how you deal with this value problem when you have no profit and therefore cannot measure value in the same way.

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I then made the statement “There is no such thing as a nonprofit.” While technically this is not correct, I wanted to make a point that the common ideas of nonprofits are a myth.

Nonprofit Myths

• Nonprofits do not have customers.
• Nonprofits do not have to measure or show value.
• If I become a nonprofit, people will give me money for serving others.
• Nonprofits are easier than “for profit” ventures.

[reminder]How does your group show value added? [/reminder]

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