Adam Wadi: Five Things a Founder Needs to Know

Starting a new nonprofit is like starting any other type of business. In addition to your passion for the cause, you will need the same knowledge, skills, and dedication as any other entrepreneur, coupled with a selfless willingness to do it all for someone else's benefit. Social entrepreneurs who really do the work to create and launch a viable nonprofit may not gain much in the way of financial wealth, but most will tell you the satisfaction of making a difference is worth all the effort. Adam Wadi establishes the relationships with a network of registered training organizations to utilize their scope and qualifying GQ Australia’s applicants through Skill recognition, RPL, and workplace training process.

Here are five things a founder needs to know before starting organization:

1. Basic Business Skills:

At the end of the day, a nonprofit is still a business. Programs cost money, and that money comes from donors or sponsors who want to know it is being managed effectively. All the basics of business apply to nonprofits -- good planning, effective marketing, and solid financial management are keys to success -- so it is in the founder's best interest to be very familiar with the fundamentals of each.

Adam Wadi

2. Know the Problem:

The foundation of a legitimate nonprofit is the social problem it is designed to resolve. Do your homework to understand the deepest details of the problem you see. Don't rely on what you think is going on, find out for sure. Read up on the studies related to the problem you have identified, check out how those problems have been addressed in other areas. Be realistic about what can be done to fix the problem -- long term solutions are better than bandaids, even if the results aren't as flashy.

3. Target Population Data:

Whoever it is your organization is intended to help, you need to know them inside and out. In much the same way that companies define their target customers, you need to know and understand your constituents. Run demographics, conduct surveys, network in the community. If your target population is animals, the environment or some other non-person entity, you still need to know how it all works, the statistics behind the target, the other people involved in the issue, and how your organization will best be able to make an impact.

4. Donor Habits and Preferences:

The money has to come from somewhere, and the bulk of nonprofit funding comes from the pockets of the public. Get to know your donor market in the same way as discussed above. Learn their likes and dislikes, their passions and interests, their hobbies and habits. Figure out how they decide to support a certain charity, and how they like to go about doing so. Building a sustainability program that works is essentially a comprehensive marketing plan, the more you know, the more effective your fundraising will be.\

Adam Wadi: Best Founder

5. It's not about you:

Nobody likes to hear that, but it is never truer than for the founder of a nonprofit organization. By definition, no one involved in a nonprofit corporation may gain any substantial personal benefit through their activities with the organization. Nonprofit corporations are owned by the public and operated for the benefit of the public. The organization will need an independent board of directors who make the major decisions for the nonprofit. If you choose to sit on the board, your power will be limited to just your vote . If you choose to be hired as the executive director to participate in the day-to-day, you will work for the board. Starting a nonprofit is the ultimate in selflessness -- the only way to succeed is to launch the organization with absolutely pure intentions.