How to Get Money to Start Your Nonprofit
One of the hardest parts of starting a nonprofit can be finding the money to make your dreams a reality. From the filing fees, to the trademark registration, and the day-to-day expenses, starting a nonprofit requires some money to get started. Don’t let the lack of money keep you from your dreams. Follow these steps and you’ll meet your goal in no time.
Step 1: Set a Goal
While it may seem obvious, it’s very important to set a goal. The first step is to figure out how much money you will need to cover the expenses of starting your nonprofit. The goal needs to be as specific as possible in order to achieve it.
Step 2: Write Down Your Goal
A goal does not exist until you write it down. Writing it down provides external motivation to accomplish the task that used to feel so impossible. Look at your goal every day and tell yourself you can achieve it. Once you start believing in yourself and accepting your goal it will be that much easier to reach it.
Step 3: Change Your Actions
If you want to get something that you don’t currently have, you’re going to have to change what you’re doing. It doesn’t have to be a drastic change but you have to change something. If you just keep doing what you’re doing right now, you will keep getting the same results.
Step 4: Find the Money
It’s easier said than done, but once you change your actions you need to find some way to get the money you need. One way is to look around you, do you have a savings account you can borrow from? If you do, look at borrowing the money from yourself as an investment. You can earn another source of income from the nonprofit and can pay yourself back once the nonprofit has made some money.
If you don’t have the money, use a service such as PayPal Credit, which will give you the amount you need in full and 6 months to pay it back without any interest. You can also find the money by picking up an extra source of income. Find odd jobs you can do to earn the extra catch so you can achieve your goal.
The easiest way to find the money though is to ask for it. Celebrities, politicians, university presidents, and even businesses ask for money all the time. Successful people ask for money, which is why they have more of it. The worst someone can say is no, so don’t be afraid to ask. You might be surprised how many people are willing to help you succeed.
If you follow these four steps, you will reach your goal and start changing the world. If you need help with the next steps in starting your nonprofit, set up a free consultation with Chisholm Law Firm. We offer a number of services to get your foundation running, from filing your 501c3 to registering your trademark, we are here to help you change the world.