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Non Profit Businesses: Turning a Profit
Friday, August 27th, 2010Not everyone that starts a business envisions pointing skyward on the NYSE. Many businesses are started in order to benefit an organization, charity or common cause. These ventures are considered non-profit because it is not for the financial benefits of the owners or shareholders. Instead, profits are reinvested directly back into the organization, its program, and utilized to fulfill its mission in tangible ways.
California has the most nonprofit businesses at 159,517, creating revenues of $155.2 trillion, approximately $973,000 per organization. Texas has over 100,000 and generates revenues of $74.6 trillion. Florida comes in third with 74,187 registered non profits with revenues of $65.3 trillion.
So, you want to be your own boss?
Thursday, July 29th, 2010Ask any small business owner just starting out, however, and they will likely agree with Small Business Watch – the reality isn’t so rosy. On average, small business owners work 60 hours and a minimum of six days a week, including holidays, makes less than the average minimum wage worker in the first year and are the person that solves the problems while balancing home and social life. So, think you still have what it takes to be a successful business owner? You need to be prepared. While having a college degree doesn’t hurt and passion and skill are important, the following attributes that have been compiled from a survey of profitable entrepreneurs, academics and investors as influential in becoming a successful business owner may surprise you.