Do you know the difference between a business and nonprofit?

Last month, I talked about financial coaching and mentioned one of my favorite non-profits, Freedom Five One. That got me thinking. A lot of people who start businesses do so out of a desire to meet and serve others’ needs. They don’t necessarily go into business to make money. For many people in that situation, they wonder if they should organize as a non-profit rather than a for-profit organization. So this month, I’m going to talk about some unique characteristics of non-profits so that I can help you answer that question.