I often get asked the question about the why in for-profit organizations versus
why in for-profit organizations versus
why in for-profit organizations versus not-for-profit organizations so before I
not-for-profit organizations so before I
not-for-profit organizations so before I answer the question let me just take a
answer the question let me just take a
answer the question let me just take a little aside I hate the term
little aside I hate the term
little aside I hate the term not-for-profit I hate the idea that an
not-for-profit I hate the idea that an
not-for-profit I hate the idea that an organization and a group of people are
organization and a group of people are
organization and a group of people are defining their purpose based on what
defining their purpose based on what
defining their purpose based on what they’re not we have to stand for
they’re not we have to stand for
they’re not we have to stand for something not against things
something not against things
something not against things the reality is not-for-profit is a tax
the reality is not-for-profit is a tax
the reality is not-for-profit is a tax delineation and that’s why we use the
delineation and that’s why we use the
delineation and that’s why we use the term
term
term and not-for-profits absolutely have an
and not-for-profits absolutely have an
and not-for-profits absolutely have an idea of profit except it’s defined
idea of profit except it’s defined
idea of profit except it’s defined differently in a for-profit organization
differently in a for-profit organization
differently in a for-profit organization profit is defined in money and a
profit is defined in money and a
profit is defined in money and a not-for-profit organization profit is
not-for-profit organization profit is
not-for-profit organization profit is defined by whatever you’re trying to
defined by whatever you’re trying to
defined by whatever you’re trying to accomplish so for example if your
accomplish so for example if your
accomplish so for example if your objective is to rescue kittens out of
objective is to rescue kittens out of
objective is to rescue kittens out of trees then you better be profitable you
trees then you better be profitable you
trees then you better be profitable you better be risking more kittens out of
better be risking more kittens out of
better be risking more kittens out of trees this month then you were last
trees this month then you were last
trees this month then you were last month let’s call them for impact
month let’s call them for impact
month let’s call them for impact organizations so we have for-profit
organizations so we have for-profit
organizations so we have for-profit organizations and we have for impact
organizations and we have for impact
organizations and we have for impact organizations okay now back to the
organizations okay now back to the
organizations okay now back to the question the why is different and
question the why is different and
question the why is different and sometimes how do we compare the whys of
sometimes how do we compare the whys of
sometimes how do we compare the whys of for-profit versus for impact
for-profit versus for impact
for-profit versus for impact organizations here’s generally what I’ve
organizations here’s generally what I’ve
organizations here’s generally what I’ve seen for impact organizations are pretty
seen for impact organizations are pretty
seen for impact organizations are pretty good at articulating their why where
good at articulating their why where
good at articulating their why where they’re weak is in their house the
they’re weak is in their house the
they’re weak is in their house the structures in which they use to advance
structures in which they use to advance
structures in which they use to advance their cause I mean definitions as we’ve
their cause I mean definitions as we’ve
their cause I mean definitions as we’ve just discussed is one of them for-profit
just discussed is one of them for-profit
just discussed is one of them for-profit organizations tend to be really good at
organizations tend to be really good at
organizations tend to be really good at how and pretty weak in why in other
how and pretty weak in why in other
how and pretty weak in why in other words they’re really good at process
words they’re really good at process
words they’re really good at process that really good at operations but the
that really good at operations but the
that really good at operations but the sense of higher purpose on higher cause
sense of higher purpose on higher cause
sense of higher purpose on higher cause since it seems to be lacking so what
since it seems to be lacking so what
since it seems to be lacking so what both organizations can learn to do is
both organizations can learn to do is
both organizations can learn to do is learn from each other in other words for
learn from each other in other words for
learn from each other in other words for impact organizations can learn to
impact organizations can learn to
impact organizations can learn to bolster operations from for-profit at
bolster operations from for-profit at
bolster operations from for-profit at for-profit could learn a little bit
for-profit could learn a little bit
for-profit could learn a little bit about working towards a higher cause
about working towards a higher cause
about working towards a higher cause from for impact organizations they
from for impact organizations they
from for impact organizations they should look the same
should look the same
should look the same remember it’s the definition it’s just a
remember it’s the definition it’s just a
remember it’s the definition it’s just a metric that is different but the
metric that is different but the
metric that is different but the organization should feel the same to
organization should feel the same to
organization should feel the same to work there in other words we should feel
work there in other words we should feel
work there in other words we should feel like we’re part of something bigger than
like we’re part of something bigger than
like we’re part of something bigger than ourselves and it should be a well-oiled
ourselves and it should be a well-oiled
ourselves and it should be a well-oiled machine and we should have good metrics
machine and we should have good metrics
machine and we should have good metrics to help us feel like we’re moving the
to help us feel like we’re moving the
to help us feel like we’re moving the ball down the playing field back to the
ball down the playing field back to the
ball down the playing field back to the fore impact organizations because there
fore impact organizations because there
fore impact organizations because there were poor metrics and because they do
were poor metrics and because they do
were poor metrics and because they do not define
not define
not define for impact unfortunately the metric
for impact unfortunately the metric
for impact unfortunately the metric becomes too much about money and raising
becomes too much about money and raising
becomes too much about money and raising money and less about understanding how
money and less about understanding how
money and less about understanding how far we’re moving the ball down the field
far we’re moving the ball down the field
far we’re moving the ball down the field with whatever we’re trying to accomplish
with whatever we’re trying to accomplish
with whatever we’re trying to accomplish so there we go
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