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Expert Tips for Non-Profits

While non-profit and for-profit organizations share many similarities, there are also key differences that can doom even the best of intentions.

Opening Day Balance Sheet

A balance sheet shows the financial position of your company at a single moment in time; in this case, it will be as of opening day. Use your Startup Expenses spreadsheet to get the basic data for the balance sheet.

Startup Expenses

Nearly everyone who has ever started a business has underestimated the costs, and then faced the danger of running with inadequate capital reserves. The key to avoiding this pitfall is to adopt a rigorous approach to your research and planning. Our Startup Expenses worksheet will lead you through the process.

Public Benefit Nonprofit Corporations

A public benefit nonprofit corporation is what people think of when they think nonprofit.  It is a charity that is advantageous to the public at large, meaning that anyone could benefit from the actions of the nonprofit. 

The 6 C's of Business Credit

A comprehensive description of what a lender is looking for to establish the credit worthiness of a borrower. 

Contracts

All sales contracts should be in written form for delivery of products or services.  Clearly outline and detail as needed what each party is agreeing to do.  Anticipate areas of confusiton or points of potential conflict.  Provide a recourse (rememedy) in case the agreement is not followed. 


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Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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