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NonbProfit Does Not Mean No Money

There is a big misconception with first time business owners and entrepreneurs about non-profit businesses. Many first time business start-up owners think that they would rather start a for-profit over a non-profit because they want to make money. The thought is that they do not want to start a non-profit because they (incorrectly) think that non-profits cannot make money.

The fact is that there are more streams of revenue in a non-profit organization than a for-profit business. Although not all types of businesses are eligible for the non-profit tax-exempt status, there are some types of businesses that can easily be formed as a for-profit or non-profit. Perhaps the best example is a child day-care center. Regardless the type of business entity the child day care center can charge the same rates and fees for the same services. The staff can receive the same rate of pay and benefits. The same profits (surplus) can be gained.

In addition to generating the same revenue through the sale of products and services the 501c3 non-profit can receive tax-exempt donations from fund raising, in-kind donations of products and labor (volunteers), endowments, and grant funding. The 501c3 tax-exempt organizations are also exempt from paying federal income tax, federal unemployment taxes (FUIT), and in some states, sales tax.

Non-profit organizations can purchase capital assets such as property, buildings, and investments. Non-profit organizations can pay employees benefits, insurance, and retirement plans. Non-profits can pay for additional employee benefits and perks as long as they generate enough revenue to do so.

Non-profit organizations do have a limit as to the amount of revenue they can receive in a tax year. The limit is three times the amount of their estimated budget for that year. For example, if a non-profits budget was $500,000 for the next tax year they could legally generate up to $1.5 million before adjusting their budget and reporting.

A couple of examples of excellent non-profits and their ability to generate revenue are: the Girl Scouts of America (501c3) which sells cookies, and the NFL (National Football League, a 501c6) which is a kind of membership association of privately owned for-profit businesses.

These organizations generate hundreds of millions of dollars in revenue each year through their business efforts.

Are You Willing to Risk Big to Build Your Business

We hire coaches and mentors for a reason; to stretch us, take us where we have yet to go and remind us of the little things that add up to big outcomes.

Personally, I hire experts to push me and encourage me to take risks (and big ones at that). What I fail to understand is when someone hires a coach and either never shows up for their calls, in-person masterminds, VIP Days or whatever is offered as part of the package. This truly boggles my mind.

Then there are the people who do take advantage of what’s being offered, but never take any of the recommendations to heart. What a complete waste of time and money. If you’ve hired someone for their expertise, be willing to put their ideas into action.

One of the greatest benefits of having a really strong mentor is the trickledown effect. What this simply means is: what we learn from someone else, when we apply it and get a result, we are able to teach others.

I’ve been hiring business coaches for years. Although I have a successful business, hiring a mentor gives me the opportunity to bounce ideas around with a trusted advisor.

A few years ago I hired an incredibly successful coach who is all about using the phone, live events and a multipronged approach to generating revenues.

On one of our coaching calls, it was recommended to host an open Q&A call on a Saturday. I got my marching orders and did exactly what my mentor recommended.

Not sure if I would get a result with people showing up, I sent a message out to my list to let them know all they needed to do was hop on the phone. No replay, no opt in, just show up.

Admittedly, I was a bit frustrated with less than 10 people showing up for the call. Yet, I gave those few people my all.

It was a pure Q&A call with one offer at the end; an in person mastermind event limited to 10 people.

One woman on the call jumped at the chance to join in on the mastermind. Not only did she pay for the mastermind, she went on to sign over $37,000 in coaching services with me. All from one small group call.

Here’s the deal… had I decided to ignore my coach’s suggestion, I would not have signed the client.

By being willing to be willing, and knowing this was why I hired this powerhouse coach in the first place (to get me out of my head, into action and stretch myself) I have had some incredible results in areas that I had not been focusing on.

Sometimes we don’t see the immediate results on things we do, but when we do the footwork, something gives.

Yet, how often do people talk themselves out of doing something without giving it 100%? And how much money and opportunity are they leaving on the table as a result?

Bottom-line is this; we have to be willing to take risks, have a multipronged approach to how we market our products and services and more than one way to generate revenue.

To have one, and only one way to bring in business is a huge mistake. To not risk keeps us safe… and broke.

The best thing to do is have short-term and long-term goals. With the short-term goals, make a commitment and stick with it.

Are you willing to do things differently? Are you willing to step out of your comfort zone? Are you willing to risk big to realize big rewards?

If you said no, maybe you are not cut out to be an entrepreneur. If you said yes, way to go. That’s what it takes to win big.

Ways To Start Changing Your Mindset For Success Especially If You Are An Entrepreneur

The minute you felt called upon to seek out your freedom and prosperity through entrepreneurship or running your own home based business, what kind of thoughts and emotions flooded your mind?

Did you immediately feel totally confident that this would be the turning point of your life where you get to design life on your own terms and create your version of heaven on earth?

Or did you get filled with a sense of worry and overwhelm over whether or not you have what it takes to make such a huge thing happen?

For most people it’s always a little bit of everything… That’s why I am making this little article for you because I want to make sure that you don’t get stuck halfway through your rise into greatness and success.

If you know that becoming an entrepreneur and being independently wealthy is the reality that most suits you, then you certainly need to read through and gain better clarity as to how you can handle those voices and emotions of distress that will try to keep you stuck in the old way of life.

Why you need a change of mindset now

Most of humanity has been conditioned into a level of conscious awareness that has set the “normal standard” too low. For most success seekers, the dominant thoughts that saturate their days are those of worry, insecurity and fear.

This my dear reader is like getting into a battle that’s already been lost before it even begins because all external results and yes, that includes your business as well, can only come about if the level of consciousness and mindset you dwell in, is one that’s set on “success”.

When you already doubt whether or not you can win and gain victory in this endeavor, when you always feel like you’re not enough or that you don’t have enough, you are actually create a self-fulfilling prophecy that will come to confirm the secret beliefs that you carry.

You need to believe that you can succeed.

It’s important that you believe not only in the truth that you are capable of prospering but that you will produce the harvest that you want.

The level of your self-confidence will determine your level of productivity and your self-confidence plainly reveals how much you believe in Self.

When you believe in yourself you will always give yourself the chance to make things right because you know that you can make things better and that you do have something valuable to give to the world.

That faith and confidence that is very crucial for an entrepreneur can only come through a renewal of the mind and that’s why you cannot afford to postpone the study and retraining of your mind while you grow your business.

It is the winner’s mindset that we all need to cultivate in our lives, especially for those of us who didn’t grow up in abundant, prosperous environments.

I have created more resources and a video that explains what a mindset is and how you can effortlessly shift it, which I encourage you to check out but as of now, here are just three big ideas that will help you realize the kind of mindset you’ve currently got as well as how to start shifting it.

1. Start becoming aware of- what you are noticing and paying attention to – in your world:

Recognize whether or not you have self-defeating thoughts. What kind of an outlook do you have about life and entrepreneurship? Do you approach it with the expectation of overwhelm, struggle, pain?

What kind of things are you noticing as you go about your daily routine?

What kind of forums, communities and engagements are you having?

Are you noticing more prosperity or lack in your business?

Negativity and pessimism are like migraines and are quite difficult to ignore because they constantly nag at you. Sometimes these thoughts can be quite overwhelming and easy to recognize. However some people have become so accustomed to them and having created coping mechanisms, barely realize that they dwell in negativity and pessimism.

The best way to start recognizing where you stand is by keenly observing the words you use, the conversations you engage in, the actions that are subconsciously playing out and the way you predominantly feel throughout the day.

I have met a lot of clients who say they are positive and use affirmations yet halfway through our conversations all they speak of is what they don’t have and how much of a struggle life is.

This is certainly a pattern to watch out for because if you get so used to lying to yourself by pasting affirmations on your intellect and yet dwelling in negativity subconsciously, you might think that the universal laws or other people are to blame for your struggles and failure when in truth, it’s all coming from your mindset.

2. Learn to condition your mind by focusing on a specific desire.

Choosing, defining and living from your true desires is so powerful and paramount when you decide to seek out a liberating lifestyle.

This is because it means you stepping out of the norm that you were taught and raised with, to pursue your uniqueness and individuality.

There is great power in that! Which is why I only work with individuals who want to create a passion business, because I realized that even for myself, the only reason I overcame the African slum life and started creating success and prosperity was because I was passionate and in love with an idea.

If you don’t know what your passionate about, do something about it. If your entrepreneurship isn’t yet aligned with your passion and purpose, do something about it – you’ll be amazed how quickly things will shift in your world once you live from your true desires.

3. Learn to take risks and enjoy them

Most of us are so afraid of risks because we are working with false ideas about who we are and how life works.

When you learn the truth about your real identity, the role you play in life and how life really works, taking risks that you enjoy won’t sound so ridiculous or illogical.

Now, I can get into great details here just with this one tip and in fact I do in one of my training classes and a report I made on how to create massive breakthroughs as an entrepreneur, but just know this…

It’s very important that you learn the value of taking risks; taking a step toward something when you don’t really know where your foot is going to land, and doing so with full confidence that it can only turn out right.

This doesn’t mean being silly, or doing it recklessly while still ignorant of the principle of life. It’s why we first teach on what the principle of life is and how you can align with Spirit so that your mind can be conditioned rightly.

Then and only then will you know in the depths of your soul that you were born to be a risk taker and in fact all the good stuff that you want in life will come by very quickly when you stop tip-toeing through life looking for safety.

An entrepreneur who’s looking for safety is sure to be highly disappointed because without this ability to have a well-governed mindset that knows how to take great risks and enjoy them, massive success and prosperity will not become a daily reality.

Why You Shouldnt Rely On Motivation As An Entrepreneur

Do you know the one thing you should never rely on as an entrepreneur?

Motivation.

Why?

Because your motivation changes faster than David Beckham’s haircut.

Think about it.

Let’s say you watch a “motivational” video…

You’re all pumped up…

You’re gonna be the next Bill Gates…

You’re invincible…

No one’s gonna stop you.

And then…

Two hours later…

You’re on the sofa with a large bowl of ice cream watching Jeremy Kyle.

(Okay, you might not sink that low.)

But you get the point.

Motivation is short term… VERY short term.

And as an entrepreneur, I’m afraid to say you have to play the long game.

So what can you do instead?

Well, have a long term goal… Decide what you want to achieve in ten years time. And I mean, really decide what you want to achieve.

When goal-setting, people tend to set goals they think they want, but it’s not what they actually want. So if you don’t really care about driving the latest Ferrari, don’t set it as a goal.

Be specific with your goals, too. If goal setting is to work, this is important.

Write everything down in detail.

Paint a word picture of your ideal home…

Your ideal holiday…

You ideal life.

Anyway, when it comes to goal-setting you should also have a medium goal…

As well as a weekly (or even daily) short term goal.

Then make a plan so you smash every goal you set.

That’s it.

No, it’s nothing “ninja”.

But, is it effective?

Absolutely.

Because you’re not relying on motivation to get you through the day.

Instead, you’re relying on your goal.

Anyway, no matter what your goals are when it comes to being successful as an entrepreneur, email marketing can help you achieve them.

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