Today is just for you at Waddell Consulting Services! Today you get to ask any question!
I will give you a couple of examples of my most popular questions:
These are all valid questions!
Please leave your comments below I am excited about reading your questions. Or if you prefer email me at Janmetra@waddellconsult.com Or CALL AT 404-590-8174.
I will be responses in a separate blog! Remember to visit www.waddellconsult.com for more information.
Most people think I want a Non Profit. Or if only I had grant money- then I would be set. Unfortunately, that is not the
complete story and it does not work that easy!
You must be dedicated to start a Non Profit; there is work that has to be done BEFORE you start receiving grant money.
I am going to make the steps as simple as possible for you on how to start a Non Profit and then I will answer some questions that everyone wants to know the answer too.
Non Profits do the following:
1. How soon will I be able to find and receive grant money?
a. Researching for a grant is a FULL TIME job! It is something you must do every day.
b. Once you find a grant- you must apply and IF you are award the grant money- it is allocated to do specific things. IT IS NOT YOURS TO SPEND FREELY!
2. How much money will I receive from a grant to pay myself?
a. It depends on the grant and if salary is allowed. When you apply for a grant it will give you GREAT detail on how they want you to spend THEIR MONEY.
3. Can someone guarantee me that I will be awarded a grant?
a. NO. You are competing with other organizations. The best thing you can do is to
follow their instructions and pay attention to every detail.
4. How do I really get started?
a. Easy- follow the steps I gave above. OR
b. Google- How to Start a Non Profit. You can include the state you are living in to give you the guidelines for that
So I have given some very basic steps on how to get started and what to do.
CALL TODAY TO GET MORE OF YOUR QUESTIONS ANSWERED WITH A FREE 30 MINUTE CONSULTATION
Let me help you through your process of starting your non-profit. Are you thinking of starting a non-profit with your family? Group sessions are available as well!
Contact me today and get started on living your passion!
The difference between the two really depends on the scope of services that you want to offer and how you want to offer them. I am going to make this as SIMPLE as possible!
Nonprofit does not earn money (profits) for its owners. ALL MONEY (profit) earned by or donated to the organization MUST be used in pursing the organization’s objectives. A nonprofit usually provides a public service.
An important thing to remember about nonprofit organizations is that no one can guarantee you grant money unless they are the ones actually giving you the money. A very SIMPLE example of how it works is this:
1. Find a grant
2. Following the instructions and do exactly what the grantees is asking for
3. Submit your documentation
4. WAIT on a response
That’s it! The final decision is up to the grantor! No one can promise you that your grant proposal will be approved. I made that mistake and spent well over $1500.00 for a packet and at the end of the program I was left with a stack
of paper and no grant money.
IF you want your nonprofit to solely depend on grant money you will need someone FULLTIME to research for grants it is not just a one-time thing!
Establishing a nonprofit will take a great deal of detail worked and being very descriptive on the services that you want to offer to your community. There are fees associated with creating a nonprofit; the fee amount depends on the
state that you live in.
For profit business is just the opposite. If you want to be a sole entrepreneur then you are finished with establishing your business. What does that mean, it means that you have chosen not to incorporate, form a partnership, or become a LLC. You have chosen to be your only employee! Can you change this status after your business has grown absolutely!
Once you change the status of your for profit organization there are fees associated with filing the necessary documents.
These are just some very basic difference between a nonprofit and for profit organizations.
Still have questions?
Contact Waddell Consulting Services for your FREE 30 Minute Consultation to get your questions answered.
J’Anmetra is uniquely positioned to understand the many nuisances business owners face when they’re just starting out. Coaching services are provided online, via email, in person, or via phone. As a survivor of Domestic Violence J'Anmetra has lived by the following quote that motivates her daily is from John Wooden