Starting and building a nonprofit organization is a true matter of the heart. No one ever woke up and said, “Gee…I’m bored, let me start a nonprofit.” It just doesn’t happen!
In fact, while it remains to be the GREATEST NONPROFIT MYTH– Nonprofit is most often associated with NO MONEY!
Who would be so bored that they decide to start a nonprofit and there’s no heart or purpose behind it! No one! Never!
Nonprofits can and should in fact make money. This is revenue, not to be confused with owner’s draw/profit (As seen in for profit companies). A founder should not have to deplete their personal funds to operate their nonprofit organization. While it’s viewed as a social service, it is still a business. Name one business that spends money that it does not have and remains in business for years and years. In my Katt Williams voice, “Don’t worry, I’ll wait!” No business can survive under these circumstances. Nonprofits included!
Here is another question, “How can you pour from an empty cup?” And if you are pouring everything you have into your nonprofit, “who or what is pouring into you?”
Here are the facts:
Self-care is self-love, not selfishness. It’s more selfish to neglect yourself, because if you can’t help yourself, how can you help anyone else? Even in flight emergencies, the flight attendant will instruct you to put the mask on your face first, then your child. Placing the mask on your child first not only puts you in danger, but also your child. When you pass out, how long can your child survive without you?
The parent and child may seem like an extreme comparison, but it’s every founder’s reality. This is our passion, our purpose, a gift from God. It’s our “baby” that we carried and birthed.
What loving parent births a baby just to starve it to death? The myth that nonprofits can’t make money is simply false. It nothing more than a misunderstanding of the term “nonprofit.” And any founder who holds a position in the organization is entitled to and should be put on payroll unless they choose to sit on the board and have voting rights.
Nonprofits need funding to operate and simply cannot rely totally on grants and donations. Consider your own household. While many survive on just one income, I’m sure the preference is to have at least two. How that looks may vary (two adults working, one adult working two jobs, or maybe it’s one job, a side hustle, and a rental property. We also seek investment opportunities, book sales, blogging, etc). If we identify that a small household of 3-5 people need more than one source of revenue, then it stands to reason that a nonprofit organization serving an entire community needs multiple revenue streams.
Did you know the average self-made millionaire has seven streams of revenue?! Guess what? So should your nonprofit! If you’re nonprofit is not operating with multiple revenue streams, I invite you to schedule a call with a member of my team and let’s get you on the “road to revenue overflow.”