For-Profit vs. Non-Profit Organizations

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8th Grade: BU20 - EXPLORING BUSINESS, MARKETING, AND ENTREPRENEURSHIP

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For-Profit vs. Non-Profit Organizations

  1. 1. If BuzzFeed Explained the difference between For-Profit and Non-Profit Businesses
  2. 2. 7 Questions students should ask to understand Non-Profit Organizations.
  3. 3. 1.Don’t all businesses make a profit? Yes, all businesses try to make profit. What determines if an organization is For/Non-Profit is it’s goals, and what can be done with the excess revenue.
  4. 4. 2.What is the goal of a For-Profit? The main goal of For-Profit businesses is to make money. Lots and Lots of money.
  5. 5. 3.What can For-Profit organizations do with their profits? They can distribute them to their shareholders, directors, or maybe just buy Unicorns.
  6. 6. 4.So, is the goal of a Non-Profit to not make money? A Non-Profit’s goal is to conduct business for the benefit of the general public without shareholders and without a profit motive.
  7. 7. 5.What can Non-Profits do with their extra revenue? The extra revenue must be kept within to company to continue operations, expansion, or other plans to better the world.
  8. 8. 6.What kind of organizations are Non Profit? Some examples of Non-Profit organizations are: The American Red Cross, Big Brothers/Big Sisters, Saint Judes, PETA, and even NPR.
  9. 9. 7.So, Non-Profits make money? Yes.

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