While running a nonprofit organization is rewarding in many ways, funding one for the long term can be a serious challenge. One goal for every nonprofit business owner is to build a self-funding nonprofit business to keep operations running without borrowing from lenders or putting in personal funds. However, reaching this goal is often easier said than done.
With some strategic planning and by following a series of specific, concrete steps, it is possible to build a self-funding nonprofit model. Here, nine members of Forbes Nonprofit Council share the most effective steps that other nonprofit business owners can follow to attain their self-funding goals.