Gregg Jaclin | Challenges of Starting Your Own Charity

Starting a company is hard work, but if the business you’re interested in launching is a charity or nonprofit, you may face some unique challenges. From fundraising to all of the paperwork required to secure nonprofit status, there are extra steps ordinary startups don’t have to consider. Below, we’ll cover some of the common challenges nonprofit founders face.

Dealing With Deeply Rooted Problems

When people think about entrepreneurs, they often think about smart young people developing novel technologies or other innovative products. They deal with new, exciting solutions to today’s problems, streamlining business processes and enriching the lives of their customers. For nonprofit entrepreneurs, the goals of the startup look a lot different. Rather than marketing a shiny new product, charities are generally diving into old, deeply rooted problems in a community or society as a whole. Devising solutions to these problems is a significant challenge, and convincing potential donors or clients that your solution is viable may be difficult.

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