Timeline for How to motivate a team when you have nothing to offer but equity?
Current License: CC BY-SA 4.0
6 events
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| Jan 11, 2020 at 11:01 | comment | added | TOOGAM | Remember that one of my earliest sentences stated, "it might be impossible or, at least, unrealistic." Even if becoming non-profit is infeasible, just thinking about why it won't work might help the poster to recognize some reasons why his staff payment approach is on an unimplementable track, in which case, hopefully this answer ends up being helpful anyway, even if the proposed idea doesn't actually get completely implemented. | |
| Jan 11, 2020 at 8:43 | comment | added | Harper - Reinstate Monica | Nonprofit guy here. This doesn't work. You can't just bolt nonprofit status onto any business, it needs to operate in a narrow band of missions which are about public benefit. If your mission is to put EV charging stations in your town, build maker spaces, or develop nonprofit donor management software, then yeah, maybe. If you help people learn poker, automate ForEx trading, or help people buy/sell cars, then hell no. Nor would you want to; there is no way to get profit out of a nonprofit; you can't pay yourself more than a market wage. | |
| Jan 9, 2020 at 14:10 | comment | added | James Carlyle-Clarke | However you have to motivate those volunteers, and if you can't do that as a business with charitable or socially rewarding aims and possible equity then it's unlikely you can do that as a non-profit: the fundamental issue goes deeper. Still I do agree that in a strange way, removing the equity carrot might actually help as it might focus people more on any social good (if there is some) and less on what they might not get (equity); probably not, though! | |
| Jan 9, 2020 at 14:10 | comment | added | James Carlyle-Clarke | Be aware that a non-profit will have many or all of the same issues as he is currently experiencing (and a few more), and require many of the same solutions; it seems to me that your main point is that finding a way to tap volunteers (perhaps by legitimately packaging it as something charitable) could benefit him, and I can see that. | |
| Jan 9, 2020 at 13:55 | review | First posts | |||
| Jan 9, 2020 at 14:17 | |||||
| Jan 9, 2020 at 13:55 | history | answered | TOOGAM | CC BY-SA 4.0 |