You are dreamers, artisans, and difference-makers. You are creatives, entrepreneurs, and adventurers. You are believers in the world’s best future. Welcome to our community blog.
Sam has it all figured out…nearly. He knows exactly what he wants to do for his business…he thinks. Maybe. It’s almost close to being finished. He’s not sure. Maybe he’s ready? The what if’s start running through Sam’s mind as he seeks to navigate next steps with his business. Has he done enough? Maybe he needs more time! It’s common to be unsure of how to navigate uncharted territory, and the what if’s come in HOT. Have we done enough? Are we there yet? There’s only one way to find out - develop an MVP.
Roadblock #6: Rushing Into a For-Profit or Non-Profit Structure Before Understanding Your Business Model
Lauren has an idea to run workshops in schools to empower and train teenage girls in leadership skills. She’s put together the program structure and is ready to pilot the program in two schools for a small fee. She wants to put a more formal structure around this idea and can’t decide if she should be for-profit or non-profit. There are pros and cons to both, so Lauren is having trouble determining which is the best fit for what she wants to do. So how (and when) should she make a decision?
Gregory is passionate about the organization he has started. In fact, he is so passionate that people often lose track of what he is saying when he tries to convey what he does. There are so many things that Gregory’s organization is doing, he can’t help but try to explain it all! As he speaks, he realizes people are confused and a bit overwhelmed by what he is saying
Do you remember Jessica from our last blogpost? After she registered what she thought was the perfect name for her business, she wanted to make sure that nobody would copy her idea so she found an attorney and filed for a trademark. But when
Jessica has finally settled on a name for her - a full three days after pitching the idea to her family and friends. She’s so excited to have a name that she just filed the paperwork with the city and purchased a website domain name. Her business model is still being developed, growing as she figures out what exactly she’s aiming to offer, yet she believes the name is set in stone. Fast forward a month and Jessica decides her business model will need to change a bit. The small changes she implements suddenly
Jackson is full of ideas, but there is one idea in particular that always rises to the top. He wants to use his company to make a difference in the world. He’d like to start a business that would primarily employ youth who have aged-out of the foster care system. He has talked to many people about his idea and has received a great deal of encouragement and support - mostly from his friends and family, who don’t have much experience with foster youth. Recently he developed a plan to start and has put the word out to various organizations who work with emancipated foster youth, letting them know he is hiring. However, he’s having trouble connecting with and hiring the foster youth in his area. He’s perplexed because he knows from research that foster youth need jobs. What’s going on here? Jackson knows of a need that exists, and he has created a solution that he thinks will meet that need. So why is he having a hard time getting things rolling? He’s hit a common roadblock.
Julia is planning to open a socially-conscious coffee shop in her city. She has big heart to use her business to impact her community and the world for good. She started making lists of of all the things she needs to do to get started. She thought her lists would give her more clarity in how to move forward, but as they keep growing, she’s finding it hard to figure out what to do and how to spend her time and money in the best ways. There are so many unknowns at this stage of the process that she has no idea how to move forward. She thinks she needs a business plan. We disagree.
It’s been one year since we officially changed our name to FLDWRK. If you aren’t familiar with the reason for our name change you can read all about why we changed it and why we chose the name FLDWRK in previous posts. But I’ll sum it up for you here. We were facing an expensive legal battle which would’ve drained all of our finances if we didn’t change our name.
When we have an idea, we are often attempting to create a solution to help solve a problem. As you think about the problem there are likely many ways to create an effective solution. Here are a few ways to get started:
Considering you have landed on the FLDWRK blog, chances are you’re a person who has ideas or who is dreaming up possible solutions to the problems you see in the world. You might not even recognize your ideas as a solution — but chances are, your ideas are born of out seeing how things could be better. The understanding of your solution is obviously important (we address that here) — but what is even more important is your understanding of the root problem. What is your idea or solution actually trying to resolve? In other words, what’s the problem?