Nonprofits find it hard to raise money with grants. Renewable energy is being run by for-profit NGO's which tank at any given moment of stress. The nonprofit model is where the rubber meets the road provided there are meaningful fund raising efforts.
The cart is therefore the non profit and energy coops, while the horse is the foundation. The foundation has to think outside the box in fundraising as well. I have those ideas and will instill them in 2012. The more foundations are created, the more grant choices these non profits and energy coops have, thus more meaningful jobs, more economic activity, more taxes, more profits for NGO's that are for profit and the cycle goes on and on. A foundation has its name aptly, it is what we need as an economic source, and lots of them. Contact me if you want to learn how to turbocharge your foundation in funding sources.
Tuesday, December 27, 2011
Saturday, December 10, 2011
A new day
So where are we two years later: We have credit card offers in the $50,000 a piece, we have a line of credit of $150,000 in place. This all because we followed a strict rule of engaging great credit in the corporation and now are set up in case of a rainy day.
The corporation test is thus complete. The person that was being trained failed. He failed to engage other lenders who liked our business plan, when it came time to act in an oral interview he froze. For me it is a lesson learned, not everyone is cut out to lead companies. I however am ready to start the next phase.
The plan now is a second corporation run completely differently where there are no board meetings, it removes the issue of double taxation on profits, and can still issue stock, and can still have a number of investors.
A note on the previous model and an errata. I said large numbers of shareholders can be found. Anything over 100 investors has to be an IPO that is regulated by the SEC where shares have to be sold by certified and registered stock brokers.
100 shareholders is doing pretty good however, just make sure you qualify them, not everyone is ready to be a shareholder.
Next company is in real estate and will build shareholders within family and friends at no cost. Income is derived from referrals and brokers who enter into contracts for these referrals. A website needs to be established for this to work. That is my task over the next few months. Launch date expected in 1st quarter 2012.
The corporation test is thus complete. The person that was being trained failed. He failed to engage other lenders who liked our business plan, when it came time to act in an oral interview he froze. For me it is a lesson learned, not everyone is cut out to lead companies. I however am ready to start the next phase.
The plan now is a second corporation run completely differently where there are no board meetings, it removes the issue of double taxation on profits, and can still issue stock, and can still have a number of investors.
A note on the previous model and an errata. I said large numbers of shareholders can be found. Anything over 100 investors has to be an IPO that is regulated by the SEC where shares have to be sold by certified and registered stock brokers.
100 shareholders is doing pretty good however, just make sure you qualify them, not everyone is ready to be a shareholder.
Next company is in real estate and will build shareholders within family and friends at no cost. Income is derived from referrals and brokers who enter into contracts for these referrals. A website needs to be established for this to work. That is my task over the next few months. Launch date expected in 1st quarter 2012.
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