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Hi everyone! I am wanting to open a business and I have no idea, like nooooooo idea where to start. The business will have to do with voting, progressive politics, community outreach and volunteering. Suggestions for step 1 ?

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4 answers

You have listed non-profit as a business area in which you need assistance so under that assumption is is logical to assume that you wish to run that type of organization to further the areas of interest in th title to your question.

Most small business government grants go to non-profit organizations because of the nature of the work such entities do.

A non-profit organization operates in much the same way that a for-profit company does except that the founder (s) work for a board of directors that pays them a salary and, upon registration with state and federal governments under IRS provision 501 3 (c) or a similar designation, the business pays no taxes.

What would normally be considered profit in a for-profit company is re-invested back into a non-profit to further its work. Annual reports are required by the IRS to demonstrate the re-investment and maintain a tax-free status.

Non-profit organizations are usually initiated to pursue a religious or socio-economic endeavor serving the public, such as churches, health care, public information, communications, high technology, or similar undertakings.

No one owns a non-profit organization. A board of directors, a charter, articles of organization filed with the state and the IRS designation with the federal government establish it as a public entity. In the event it is discontinued, all proceeds and assets are distributed by the government for public use and no one individual benefits. A non-profit charter must include that provision.

The following link at NOLO provides the chronological process between a state registration and the IRS in applying for non-profit registration and tax-exempt status: * http://www.nolo.com/legal-encyclopedia/form-nonprofit-501c3-corporation-30228.htm **

Follow your value system. Examine your talents, your attributes and your affinities and develop an idea for a business that you would enjoy.

Evolve your plan as you continue working for your current employer.

Give your start up idea the following test:

  1. Do you have a product or service niche in mind?

  2. Do you believe you have a market for 1 above and the means to reach it?

  3. Are you willing to develop a business plan using the link below to validate 1 and 2 above before you launch?

If the answer to the above questions is yes than take the actions indicated, observe the results, then make an informed decision on whether or not to proceed. * https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan

When you launch if your plan risk analysis indicates high early challenges, phase into them gradually while retaining your present employment. As the business matures and your risks are mitigated, cut over to full time and resign your old position when you are comfortable doing so.

Report Kenneth's answer

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This was such excellent advice! Thank you so much. I think I may just start with a little grassroots group or outreach without any strings attached and use that as a gauge going forward with how to proceed! Thank you so much Mr.Larson! "Follow your value system. Examine your talents, your attributes and your affinities and develop an idea for a business that you would enjoy. Evolve your plan as you continue working for your current employer. Give your start up idea the following test: 1. Do you have a product or service niche in mind? 2. Do you believe you have a market for 1 above and the means to reach it? 3. Are you willing to develop a business plan using the link below to validate 1 and 2 above before you launch? If the answer to the above questions is yes than take the actions indicated, observe the results, then make an informed decision on whether or not to proceed."

Report Alison's answer

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The first thing you need to start is the idea. That you have. The next thing is an area of interest and then a line of action. You also need confidence, especially in getting people to embrace your cause. I can help.

Report Michael's answer

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Hi Alison Berrios, Great to know you had taken first step of entering in business, which many doesn't feel so. You have plenty of option and i suggest you find a way where a customers comes back on repeated with satisfaction. you can do a business with all you points mentioned like voting and feedback on site etc... based on the service you opt for. I am more happy if you like to join hand as i had a plan of expansion setting up a new venture in Tampa Florida. I request if you like to know on taking up you can reach me on ceo@a3groupofcompanies.com or +917406970002 ( Whats app ) ..we can discuss more further. Good Luck !!! Deepak.N

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