What Is a Nonprofit? Definition and Types of Nonprofits (2023)
While every entrepreneur has their own reason for starting a business, most businesses fall under the “for profit” category. Yet, despite being the most common type of business to start, it’s not the only path to building a business with an impact. Starting a nonprofit organization is an equally viable path if you’re looking to test the waters of entrepreneurship. Although you’ve likely heard of nonprofits before, it can be challenging to fully understand exactly what they entail, how they…