While it’s clear nonprofits and startups are alike in overall concept, the similarities also carry over into daily operations. As such, philosophies that work well for startups can be employed by your organization.
To understand what specific strategies nonprofits might take inspiration from and employ, we looked to the Lean Startup Methodology (LSM). Created by Eric Ries, this process identifies ways for entrepreneurs to start a company quickly and efficiently. Nonprofits looking to get started, scale, or iterate on ideas can reap the rewards of this methodology right alongside startups.