business

It’s time non-profit companies stopped showing for-profit companies it can be a privilege working with them. Instead, nonprofits should show why they can make good partners by coming up with plans that are beneficial to both parties. There are many things that nonprofit companies cannot complete unless they invite the support of for-profit organizations. Such include getting consulting services, supplies, and donations. To easily get the support of for-profit organizations, here are things nonprofit organizations can embrace.

Consider the potential of the partnering company
This looks obvious, but it does not happen often. In many cases, when nonprofit organizations show interest in a partnership with a company, the message is translated to say that the relationship is meant to attract free services or at a lower than usual cost. This, therefore, scares away companies that have the potential to offer good services. Very few companies hold a mission to help nonprofits to achieve success and this is because most of them view the relationship as being unfair. To earn the trust and support of a for-profit company, it is necessary to come up with projects that restore trust. Speaking the language of the companies and pledging support for their ideas could help them to feel accommodated by the nonprofit and in turn approve of a partnership.

While going about processing the partnership, it is vital to show how the nonprofit will enhance the growth of the company and raise its profit base. Phrases like “we’ll market you” can make the for-profit company to believe the nonprofit has great offers in store and the partnership is meant to bring about success for both. All the benefits that the company can enjoy by partnering with the nonprofit should be articulated to allow for easier decision making.

A social mission is not enough
All companies have social missions, so coming up with an idea of selling the social mission to a for-profit organization to increase chances of getting a partner could not work. There is need to present more to the table and to show how the relationship will help each of the companies to do better in their areas. The plan presented must demonstrate impact and promise good times after the partnership. Most companies are interested in protecting their interests and unless the nonprofit proves none of these interests will be tempered with, getting an approval will not be easy.

Decide to be a good partner
Many cultural organizations still hold elitist tendencies, and this is the biggest mistake while looking to partner with a for-profit company. To get the support of a for-profit company, it is necessary to prove that what is being brought to the table will help both parties advance their agendas. River Cohen explains that some nonprofits present themselves as if partnering with them is a favor the other company, and this creates the impression that they don’t value what the partner will bring. This is why many for-profit companies take long before approving of a request to partner with a nonprofit.

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business plan photoGoing to Mars; What has traditionally been the realm of federally funded science is now the destination of modern business. Elon Musk announced this week that his SpaceX company plans to land their Red Dragon Spacecraft on mars by 2018. NASA will still have a role in the Dragon’s development, essentially serving as a contract agency to SpaceX. Will Elon Musk get to Mars? Achieving the plan alone is a considerable business success.

Marlon Kobacker, advocate for sustainable development, Sydney, Australia: What has your business planned for the next two years? Even if you’re not venturing as far as Mars, you can still achieve innovation in your own business domain. For example, what can you do closer to home in terms of sustainability? Think in a Mars Trip sized scale for implementing long-term ecological balance in your facility staff areas, in production, packaging, and delivery.

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020614-N-0552D-001 San Diego, CA (Jun. 14, 2002) -- Mr. Stephen C. Dunn, Deputy Comptroller for the U.S. Navy's Space and  Naval Warfare Systems Command (SPAWAR), recently received the prestigious "William A. Jump Meritorious Award for Excellence in Public Administration.Ó  U.S. Navy photo by Corinna Duron.  (RELEASED)

An Australian IVF specialist practicing in Gosford, New South Wales, Dr. Raouf Farag is keenly familiar with the many steps that must be taken on the way to building a strong business from the ground up. The obstetrician and gynecologist has always been happy to share his insights with any entrepreneur looking to start a business of his or her own in Australia, and he has long been an advocate for the use of a detailed approach to long-term business planning above all else.

Of course, the doctor also recognizes that having a long-term plan in place is not necessarily a guarantee that a business will succeed. Instead, Dr. Raouf Farag has often advised those still in the planning stages to maintain a deep focus on the core product or service and to develop a clear and concise mission statement that can serve as something of a compass throughout every stage of the newly founded company’s growth. By implementing these strategies and adopting a client-centered approach, there is a much greater likelihood for an impressive degree of future success.