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By: Scott Kinser
Many of my friends have recently left the comfort of government and corporate jobs to take a chance with a startup company. In fact, last year, I did the same thing. It’s the type of risk that our parents shudder to think about and it’s something that a lot of people further in their career wouldn’t dream of doing. But startups can be incredibly exciting, liberating and lucrative if you get in with the right idea at the right time.
There are so many for-profit startups that have completely exploded over the last five years – particularly in the tech and social media worlds like Fusionmarx.
There are a few things that are incredibly important to do when starting a charitable organization, but are also incredibly easy to forget. Check them out and get them done:
1. Do your research
Just like any other type of business, you need to make sure there’s a true need. Your passion may be strong, but if there isn’t a niche for your cause, you might be wasting your time.
2. Define the charitable purpose
This can be a pretty long-winded process with lots of paperwork to fill out, but it’s 100 percent necessary. This is something Fusionmarx can help you out with to get your charity rolling from the get go.
3. Write a business plan
Even though it’s a nonprofit, you still must absolutely have a business plan. And make sure that you’re making at least as much money as what’s going toward expenses. One good thing to invest in is Fusionmarx’s SocialGood™ & Conne><ted™ software.
SocialGood™ utilizes crowdfunding in a peer to peer or friend to friend way to help raise awareness to your cause and increase donations, via the internet and Conne><ted™ is basically your own version of Facebook, Dropbox and LinkedIn rolled into one platform. Conne><ted™ can even build you a social network that can help you create a vibrant online presence at a cheaper cost than other competitors.
4. Build an effective board
You need experience. You need passion. But most importantly, you need leadership. The board should add integrity, access to funding, and the expertise you need to advance your mission.
5. Build an incredible staff
Find passionate, hardworking risk takers who will continue to empower you and your organization day after day.
In the end, make sure this is something you really want to do because just like any business adventure, there can be ups and downs.
Fusionmarx can help you stay out of the down area and for more information on that, please contact George Sackandy at gsackandy@fusionmarx.com or call us at 814-941-9218.
