If you were starting a nonprofit from scratch, what would be your first move?

In the latest episode of the Raimy and Bini Podcast, we walk through how we would each approach starting a brand new organization.

(Bini even put together a chat-gpt-fueled advisory committee that guided him throughout the process.)

We talk about the pros and cons (well, mostly cons) of starting a nonprofit and the different ways to think about the business side of things.

We ask questions like:

Should you focus on service provision first, or lock down your financials?

How do you analyze similar organizations in your space?

Is competition a threat or an advantage?

What metrics actually tell you if you're succeeding?

What are the fundamental differences between starting a nonprofit vs. a for-profit business?

What type of person (and with what background) is best suited to start a new organization?

This episode covers a lot of ground—perfect for newcomers and grizzled veterans alike.

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Good of the Week:

Raimy: His Accountant! (Yes, you read that right!!!)

Bini: Dana Snyder and the Monthly Giving Summit

Find Dana here: https://positiveequation.com/

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Chapters:

00:00 Introduction and Feedback on Previous Episodes

02:33 The Importance of Guest Contributions

05:15 Gratitude and Positive Experiences

08:12 Monthly Giving Summit Insights

10:58 Starting a Nonprofit: Challenges and Considerations

13:43 Identifying Needs and Competition in Nonprofits

16:30 Understanding the Nonprofit Landscape

19:21 The Complexity of Nonprofit Funding

21:47 Differentiating Between Service Recipients and Donors

24:31 Exploring Alternatives to Starting a Nonprofit

27:28 Social Enterprises vs. Nonprofits

28:56 The Purpose of Nonprofits: Results Over Existence

33:13 Generational Shifts in Nonprofit Leadership

38:09 Funding Fundamentals: Identifying Financial Support

44:17 Metrics and Impact: Measuring Success

48:33 Building a Supportive Board: The Importance of Community

52:08 Fiscal Sponsorship: A Pathway to Nonprofit Launch

55:54 First Steps: Crafting a 90-Day Plan for Success