Starting a Non-Profit cont...
- Keep good records. Non-profit organizations seem to be audited more frequently than other businesses. There are also some reporting requirements specific to non-profits.
- Develop a funding plan. Funding is essential for non-profits. However, since the non-profit status must be approved before you begin legally raising money, be sure to estimate startup cost and plan accordingly.
- Build your board of directors. The board is essentially responsible for ensuring the organization’s mission is met and funding is obtained. They also provide needed expertise.
- Involve the community. Recruit local community and professional leaders who may be vested in your cause. Also, consider seeking dedicated volunteers to help with various tasks and cut some costs.
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