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In recent years, more and more people have become interested in working for, supporting, or even starting nonprofits. If you have a strong passion for a cause and want to turn it into your life’s work, here are some things to consider before you try to start a nonprofit organization.
Starting a nonprofit doesn’t necessarily mean you can quit your day job right away, but like any small business owner, you could eventually earn enough from your nonprofit to justify a full-time salary for you and your staff.
As you put plans in place to launch your nonprofit, keep these three essential business components in mind.