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Profit or Non-Profit? – Should you start a for profit or non profit business?


should you start a for-profit or

should you start a for-profit or nonprofit business

nonprofit business

nonprofit business I love businesses that have a social

I love businesses that have a social

I love businesses that have a social angle right you should want to give back

angle right you should want to give back

angle right you should want to give back to your community the people around you

to your community the people around you

to your community the people around you and make the world a better place not

and make the world a better place not

and make the world a better place not just through the product or service that

just through the product or service that

just through the product or service that you provide but also just by being a

you provide but also just by being a

you provide but also just by being a company that wants to do good and find

company that wants to do good and find

company that wants to do good and find ways to do that if it’s donations if

ways to do that if it’s donations if

ways to do that if it’s donations if it’s supporting through time whatever it

it’s supporting through time whatever it

it’s supporting through time whatever it is I believe that it’s a lot easier to

is I believe that it’s a lot easier to

is I believe that it’s a lot easier to have a bigger impact if you have money

have a bigger impact if you have money

have a bigger impact if you have money coming in so many nonprofits that

coming in so many nonprofits that

coming in so many nonprofits that startup struggle because they don’t have

startup struggle because they don’t have

startup struggle because they don’t have cash they have no money so they have a

cash they have no money so they have a

cash they have no money so they have a great they have a great vision for what

great they have a great vision for what

great they have a great vision for what they want to do they have a noble

they want to do they have a noble

they want to do they have a noble purpose but they’re constantly

purpose but they’re constantly

purpose but they’re constantly struggling and dying trying to find

struggling and dying trying to find

struggling and dying trying to find funds to make their business their

funds to make their business their

funds to make their business their organization happen you’re constantly

organization happen you’re constantly

organization happen you’re constantly underfunded and so I lean towards the

underfunded and so I lean towards the

underfunded and so I lean towards the for-profit side because by running a

for-profit side because by running a

for-profit side because by running a successful business you have money

successful business you have money

successful business you have money coming in that you can then give back to

coming in that you can then give back to

coming in that you can then give back to whatever project you want you don’t need

whatever project you want you don’t need

whatever project you want you don’t need as much outside funding because you’re

as much outside funding because you’re

as much outside funding because you’re making money and making money and

making money and making money and

making money and making money and helping people are not mutually

helping people are not mutually

helping people are not mutually exclusive

exclusive

exclusive making a lot of money doesn’t mean that

making a lot of money doesn’t mean that

making a lot of money doesn’t mean that you are not giving money back

you are not giving money back

you are not giving money back in fact they completely support each

in fact they completely support each

in fact they completely support each other I got a question from one of my

other I got a question from one of my

other I got a question from one of my facebook readers love you guys

facebook readers love you guys

facebook readers love you guys rajae who wrote in to say he has a

rajae who wrote in to say he has a

rajae who wrote in to say he has a problem in that he’s 18 years old he’s

problem in that he’s 18 years old he’s

problem in that he’s 18 years old he’s seen my videos he wants to start a

seen my videos he wants to start a

seen my videos he wants to start a non-profit or profit is not sure which

non-profit or profit is not sure which

non-profit or profit is not sure which one to do he has a dream that helped

one to do he has a dream that helped

one to do he has a dream that helped children in a lot of different ways he’s

children in a lot of different ways he’s

children in a lot of different ways he’s thinking he wants to do a for-profit

thinking he wants to do a for-profit

thinking he wants to do a for-profit business but he doesn’t have a business

business but he doesn’t have a business

business but he doesn’t have a business idea to start because what he really

idea to start because what he really

idea to start because what he really wants to do is start a non-profit you

wants to do is start a non-profit you

wants to do is start a non-profit you got to follow your passion okay if you

got to follow your passion okay if you

got to follow your passion okay if you don’t have a business idea if you’re not

don’t have a business idea if you’re not

don’t have a business idea if you’re not wired for business then you can’t start

wired for business then you can’t start

wired for business then you can’t start a business you’re not gonna have success

a business you’re not gonna have success

a business you’re not gonna have success you’re not gonna be happy because what

you’re not gonna be happy because what

you’re not gonna be happy because what you really want to do is do the charity

you really want to do is do the charity

you really want to do is do the charity if you’re on the fence if you’re not

if you’re on the fence if you’re not

if you’re on the fence if you’re not sure if you have business ideas and and

sure if you have business ideas and and

sure if you have business ideas and and you don’t think that you can marry that

you don’t think that you can marry that

you don’t think that you can marry that with a successful charity

with a successful charity

with a successful charity then then that makes sense because you

then then that makes sense because you

then then that makes sense because you can that’s just a limiting belief but if

can that’s just a limiting belief but if

can that’s just a limiting belief but if you have no interest in business and

you have no interest in business and

you have no interest in business and you’re struggling just to find a product

you’re struggling just to find a product

you’re struggling just to find a product that will work then don’t go into

that will work then don’t go into

that will work then don’t go into business you have to go in it for the

business you have to go in it for the

business you have to go in it for the right reason you have to go in it

right reason you have to go in it

right reason you have to go in it because you believe in that product or

because you believe in that product or

because you believe in that product or service that you’re selling so do the

service that you’re selling so do the

service that you’re selling so do the charity what may help you is find a

charity what may help you is find a

charity what may help you is find a business partner someone who who is

business partner someone who who is

business partner someone who who is running the business and you could be

running the business and you could be

running the business and you could be their charity arm so it’s finding ways

their charity arm so it’s finding ways

their charity arm so it’s finding ways that you get cash flow because if you’re

that you get cash flow because if you’re

that you get cash flow because if you’re not running the company you have to rely

not running the company you have to rely

not running the company you have to rely on outside people to give you money but

on outside people to give you money but

on outside people to give you money but you’ll still have more success at that

you’ll still have more success at that

you’ll still have more success at that because you love the charity part of it

because you love the charity part of it

because you love the charity part of it then you will try to force a solution

then you will try to force a solution

then you will try to force a solution into being a business owner it’s harder

into being a business owner it’s harder

into being a business owner it’s harder but you can still have success you’ll

but you can still have success you’ll

but you can still have success you’ll have the most success by doing what

have the most success by doing what

have the most success by doing what you’re passionate about this is like

you’re passionate about this is like

you’re passionate about this is like being you know being a banker being a

being you know being a banker being a

being you know being a banker being a bowler okay the common advice would be

bowler okay the common advice would be

bowler okay the common advice would be go be a banker you can make tons of

go be a banker you can make tons of

go be a banker you can make tons of money being a banker you’re good at

money being a banker you’re good at

money being a banker you’re good at being a banker you went to school for

being a banker you went to school for

being a banker you went to school for being a banker be a banker but you love

being a banker be a banker but you love

being a banker be a banker but you love bowling people will tell you you can’t

bowling people will tell you you can’t

bowling people will tell you you can’t make money as a bowler what are you

make money as a bowler what are you

make money as a bowler what are you doing a bowling are you kidding me but

doing a bowling are you kidding me but

doing a bowling are you kidding me but if your passion is not in banking and

if your passion is not in banking and

if your passion is not in banking and it’s in bowling if you keep going down

it’s in bowling if you keep going down

it’s in bowling if you keep going down the banking career path you’re gonna be

the banking career path you’re gonna be

the banking career path you’re gonna be stuck you’re gonna always feel like

stuck you’re gonna always feel like

stuck you’re gonna always feel like there’s something missing in your life

there’s something missing in your life

there’s something missing in your life because you’re not doing something that

because you’re not doing something that

because you’re not doing something that your passion but you may be good at it

your passion but you may be good at it

your passion but you may be good at it but you’re not passionate about it

but you’re not passionate about it

but you’re not passionate about it you’re doing it for the wrong reasons

you’re doing it for the wrong reasons

you’re doing it for the wrong reasons you’re doing it for just the security

you’re doing it for just the security

you’re doing it for just the security and the safety and maybe external you

and the safety and maybe external you

and the safety and maybe external you know satisfaction of people support you

know satisfaction of people support you

know satisfaction of people support you that’s what society tells you to do

that’s what society tells you to do

that’s what society tells you to do you’re believing in that more than

you’re believing in that more than

you’re believing in that more than you’re believing in yourself you should

you’re believing in yourself you should

you’re believing in yourself you should go be a bowler

go be a bowler

go be a bowler and if you are super passionate about

and if you are super passionate about

and if you are super passionate about bowling you’ll make money and more money

bowling you’ll make money and more money

bowling you’ll make money and more money than you would being a banker I believe

than you would being a banker I believe

than you would being a banker I believe that and I’ve seen it happen over and

that and I’ve seen it happen over and

that and I’ve seen it happen over and over and over and over and over again

over and over and over and over again

over and over and over and over again just because society tells you this is

just because society tells you this is

just because society tells you this is what you have to do if you go out and do

what you have to do if you go out and do

what you have to do if you go out and do it and you’re not excited about it

it and you’re not excited about it

it and you’re not excited about it you’re not gonna have massive success

you’re not gonna have massive success

you’re not gonna have massive success and you’ll always feel that something’s

and you’ll always feel that something’s

and you’ll always feel that something’s missing in your life so for you don’t

missing in your life so for you don’t

missing in your life so for you don’t force the business do the charity you’ll

force the business do the charity you’ll

force the business do the charity you’ll have more success believe those are you

have more success believe those are you

have more success believe those are you watching you liked the video please give

watching you liked the video please give

watching you liked the video please give a thumbs up below subscribe to the

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channel to see more leave a comment if you have a question or you want to say

you have a question or you want to say

you have a question or you want to say something about this video

something about this video

something about this video I love Tino’s come in every morning I

I love Tino’s come in every morning I

I love Tino’s come in every morning I read my comments the best part of my day

read my comments the best part of my day

read my comments the best part of my day so thank you so much and I’ll see you

so thank you so much and I’ll see you

so thank you so much and I’ll see you soon

”

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