Retirees, Start a Nonprofit to Serve a Need

Retirees, Start a Nonprofit to Serve a Need

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Researching the potential need for a service, tapping experts for advice and testing the idea on a small scale are just the first steps. You’ll also need to develop a multiyear business plan, select members for the board of directors, create bylaws and identify sources of funds. “This takes quite a bit of work, so you want to make sure you are fully committed,” says Rick Cohen, director of communications and operations for the National Council of Nonprofits. (Find many tools and resources for nonprofit start-ups at councilofnonprofits.org.)

Source Name: 
Kiplinger
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