Starting A Business

Starting A Business

How To Build A Successful Nonprofit.

A nonprofit organization is an organization which uses profits to help further the organization’s mission and goals. A nonprofit does not have shareholders, nor does it sell stock. Most government organizations, charities and public arts organizations are nonprofits, as such; they are exempt from paying certain taxes to local, state and federal governments.

The “Must Haves” of a Nonprofit
There are five things necessary when beginning to plan a successful nonprofit. They are: a clear mission, high-quality programs and services, reliable revenue, clear and transparent accountability, and facilities that can accommodate goals of the nonprofit venture. These things must be in place, or planned for, when applying for funding and revenue.
Becoming Operational
Before your nonprofit can open its doors, there are a few legal and accounting details which must be completed. These include: filing articles of incorporation, filing with the IRS and registering with the state if you plan to conduct charity fund-raisers. While a nonprofit does not require the assistance of an attorney to do these things, it is suggested that an attorney be retained to help the business organizers navigate the paperwork and government offices required for a successful start-up. Add a comment

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Workshop in Business Opportunites (WIBO)

The Workshop in Business Opportunities (WIBO) is a training program that is designed to provide aspiring entrepreneurs with the basic skills required to start and successfully run, their own business. it was founded in Harlem, NY in 1966 by New York Businessman, Walter Geier, and the Late attorney Mallaieu Woolfolk. There are currently seven active WIBO programs in New York City and a Headquarter in Bridgeport, Connecticut.  WIBO want you to contact them with any question at 203-368-5547 or email wibo.bridgeport@fswinc.org

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I Hate Working for Other People; but I'm Not Sure I am the Entrepreneur Type

I Hate Working for Other People; but I’m Not Sure I am the Entrepreneur Type

Everyone dreams about being the boss someday. In fact, very few people truly enjoy working for someone, following their rules, their policies, their schedules and their deadlines. However, just because you do not like or even hate working for other people doesn't necessarily mean you have the ability or even the real desire to be an entrepreneur. It is important to know for sure that you are the entrepreneur type before you quit your day job and set out to be your own boss.

Most people assume all there is to being an entrepreneur is the desire to be the boss and to do it your way. There is a lot more involved in being a successful entrepreneur. One of the main characteristics of being an entrepreneur is having a keen instinct for identifying a problem and coming up with a solution. Basically, you have to be the kind of person who has always wanted to build a better mouse trap, as the saying goes. The overwhelming desire to not only solve the problem, but having the belief you can do it better than everyone else is a key trait of all entrepreneurs. Add a comment

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What Are Good Places to Look for Grants to Start a Business?

 

What Are Good Places to Look for Grants to Start a Business?


Acquiring the necessary funding to get your dream business off the ground can be a daunting task. Most businesses get the necessary backing through business loans, venture capitalists, friends and family. Grants are one way to secure funding, but can be very difficult to qualify for.

 

The best resource for grants is through the federal government. While you can find the direction you need, it is important to note that the federal government does not actually hand out grants. You can check out federal government sites in order to narrow down exactly what you may qualify for. The actual money and amount of grants that exist vary from state to state. States will often provide grants to businesses that will benefit a given community in one way or another.

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I Have a Great Idea for a Business

 

I Have a Great Idea for a Business

There is certainly no shortage of great ideas out there. Almost everyone has one at one time or another. Most great ideas fall to the wayside and never amount to anything more than just a thought. However, there is the rare occasion when a great idea does translate to a great business.

The first thing to do when you have a great idea for a business is to get up and do something. Do not wait. Too often, people with great ideas think the time isn’t right. They want to wait until they have more time, more money, more support. Waiting is the quickest way to lose out. It is only a matter of time before someone takes your very same idea and runs with it.

After you decide to go for it, give it all of the resources you can muster. You must do your homework. Researching your market and knowing the facts and numbers behind your potential market and target audience will serve as great motivation. Once you establish that there is a real need and your idea can successfully fill a void, you will be even more inspired to take the leap from idea to reality. You can easily research your idea online, at your local library, and through your local chamber of commerce. Be careful not to invest all of your time and energy into research. This can actually backfire. Many times, someone with a great idea can become discouraged if they research too much. They can become overwhelmed and nearly paralyzed with fear. Add a comment

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