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Three Things a For-Profit Business Can Learn from a Nonprofit

Those “nice people doing nice things” face similar challenges on tighter budgets

Bob Beatty
Thu, 10/13/2011 - 13:28
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W

hether you are an employee, consultant, or business owner, we’re all looking for ways to excel. One way to do that is to look outside our immediate circle and adopt what others are doing well. Although it may not be obvious, the nonprofit industry may be a great place to start.

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You may think of the nonprofit industry—if you think of it at all—as “nice people doing nice things.” True in most cases, but nonprofits are also corporations that are striving to deliver better results, maximize revenue, and improve productivity. So there may be something they are doing that is transferable to you at your organization. Below are three things that the best nonprofits do very well:

1. Focus on mission before quarterly profit
2. Tap into the experience of the board of directors
3. Collaborate as both a means and an end

 …

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