We all long to make a difference in the world. But while there are many ways through which one can make a positive change, individuals who seek to impact the world on a large scale are left with no other option than to be daring enough to establish an organization through which they can ensure a lasting impact. When it comes to that, the choice is often narrowed down to one between a nonprofit and for-profit organization.
The most underlying difference between for-profit and nonprofit business is the reason for which they are set up. The primary goal of a for-profit model of business is profit-making. For nonprofits, the objective is to help the community. Over time, however, the difference between the two has become fuzzy. In fact, the line between them has become so blurred that one could help out the less fortunate either way and still find fulfillment … Read More