Q&A: If our innovation is a non-profit organization/service, do we still have to create a revenue model that shows how we profit?

2 ديسمبر

A: YES!!! Even non-profit organizations must make money.  The only difference between a profit and a non-profit is how the revenue is distributed.  A non-profit organization uses the revenue to sustain the organization and to pursue the missions and the goals of the organization.  It is very important that even a non-profit is able to make revenue otherwise it won’t be sustainable.

For example, The Atlanta Orchestra is a Non-profit organization, yet they put on concerts and charge for tickets.  This a major revenue stream for the organization which allows them to meet the community oriented  goals of the organization.

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