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December 2014

Mohammad Anas Wahaj | 31 dec 2014

Nonprofit funds are often acquired through donations, grants, fundraising, endowments, membership, and program fees and services. Although there are differences in nonprofit and for-profit models but success of both depends on similar operational effectiveness. Nonprofit leaders should follow the art of risk taking and strategic innovation that entrepreneurs follow to be successful. Professor Emad Rahim of Bellevue University suggests the following five key elements that nonprofit leaders should consider to operate like a startup - (1) A Nonprofit is a company (2) Operating effectiveness is essential (3) Donors are essentially customers (4) Good publicity can boost donations (5) A nonprofit has competitors. Read on...

Forbes: 5 Competitive Advantages To Help Nonprofits Think Like Entrepreneurs
Author: Emad Rahim



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