Unlike for-profit corporations, nonprofits are exempt from federal and state taxes on any income earned, so there are financial benefits as well. If you’re just getting started with your nonprofit idea, one of the first things you’ll want to document is your nonprofit business plan. Below,...
Sample business plans can help you quickly and easily write a business plan for your own business. Business plans are an important tool for any business, but they can be challenging to create. A sample business plan will help you understand thebusiness plan format, the benefit of market resear...
Learn about not-for-profit organizations. Understand how not-for-profit organizations work, see a comparison of non-profit vs not-for-profit, and...
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Bayhealth, Delaware’s largest non-profit healthcare system, adopted an employee voice solution to level-up their employee listening capabilities beyond their annual engagement survey. Bayhealth added weekly check-ins (automated, confidential chatbot conversations where employees can share how they feel ...
Employee incentive programs can help build motivation and improve performance. Discover how to best use them for your organizations.
No more grandiose business plans, just substantial testing, iteration, and experimentation. In this new context, we can understand the strategy developed by several players and how business modeling has become the most important strategy tool. And...
A profit-sharing plan is available for a business of any size, and a company can establish one even if it already has other retirement plans.1Further, a company has a lot of flexibility in how it can implement a profit-sharing plan. As with a 401(k) plan, an employer has full discre...
The privatesectoris the part of the economy run by individuals and companies for profit and is not state-controlled. Therefore, it encompasses all for-profit businesses not owned or operated by the government. Government-run companies and corporations are part of what is known as the public sect...