10 Reasons for Nonprofits To Move To A Revenue-Driven Model
The Akina Foundation explores why now is a better time than ever for nonprofit social organizations to shift to self-sustaining (or even profitable) business models. They identified 10 reasons why shifting from a donor-driven organization to a revenue-producing social enterprise is more beneficial in terms of global impact.
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Organizations may increase their chance of success.
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Organizations can become more nimble and responsive to change.
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Revenue generation allows enterprises to attract employees who seek growth.
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Revenue generation provides the platform that encourages millennials to start up social good organizations and become leaders in the space.
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It opens more doors for industry collaboration. Enterprises will be able to afford the best technologies to help them succeed.
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Enterprises can better support their teams.
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Enterprises have the means to support other organizations and initiatives.
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Creativity can be enhanced within enterprises.