REAL business question - for normal people

6 replies
This is for folks who have experience in the "normal" businenss world. Not that you guys aren't normal

Maybe the corporate world...I actually don't even know who I"m looking for to ask this question, because I'm so ignorant about anything NON IM.

So if you all you can do with this question is tell me who to ask the question to...

That's also good.

Damn that's long winded.

Without further ado.


The question is...

If I want to start a brand new non profit and grow it really big. But I don't want to run it. I want someone to be like a CEO and be completely in charge of all the operations. Get it off the ground. Do everything. Hire people. And I need to be able to really trust them with this.

I'm an advisor and just there to keep things going in the right direction.

What is that called? What am I looking for? A CEO? A project manager? OR what?

And how would I go about finding a really good one.

And how much do you think I'd have to pay for a really good one with experience.

My budget for salaries is 100K-200K per year. Is that enough?




Thanks!!!!!!!!!!!!
#business #normal #people #question #real
  • Mike,

    Originally Posted by Mike Williams View Post

    What is that called? What am I looking for? A CEO? A project manager? OR what?
    In a non-profit organization, the things that you described are done by an executive director -- Counterpart in a profit organization is a COO (chief operations officer) or MD (managing director), under the guidance of the board of directors...

    Originally Posted by Mike Williams View Post

    And how would I go about finding a really good one.
    Referrals from decision makers of similar non-profit organizations and government offices...

    Originally Posted by Mike Williams View Post

    And how much do you think I'd have to pay for a really good one with experience. My budget for salaries is 100K-200K per year. Is that enough?
    You'd get someone with international experience for $150K / year and above...

    NOTE: I'm a co-founding board member of a non-profit organization called DigiBridge Foundation, which aims to provide gainful academic, employment and business oppurtunities to persons with disabilities in SE Asia and around the world through ICT -- I'm totally blind and was recognized by our national government and presidential consultant on business and entrepreneurship as the 2008 Most Inspiring Entrepreneur of the Philippines. My co-founding members are former Asia Pacific CEO of Asea Brown Boveri (world's largest power engineering firm), current CEO of KMart Australia (former CEO of McDonald's Australia and McDonald's China) and current MD / principal of Lee Fung Group HK (a global logistics company)...
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  • Profile picture of the author DanielMeyers75
    I have some corporate experience and I would say that you might be putting the cart before the horse unless you have some awesome cash sources or are born with money.

    Why don't you just be one of the folks directing everything and hire someone with an MBA with a specialty in Non-profit management to run the day to day operations.

    Non profits are a bit funny. They aren't really designed to be a traditional "company" per se. Most states prefer a minimum of 3 officers (president, secretary, and vice pres). Also, many non profits have a board of directors that nominate the officers, though that isn't required. To be a "big" non profit, your board is where you spend the money to get the big names that bring in big contributions through their networks.

    Also, as I am sure you know, a non profit can't be sold like a for profit corporation, so there might not be an end game or parachute, though that would depend on how you fit in to the organization.

    Regards,

    Daniel
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    • Profile picture of the author Mike Williams
      Originally Posted by DanielMeyers75 View Post

      I have some corporate experience and I would say that you might be putting the cart before the horse unless you have some awesome cash sources or are born with money.

      Why don't you just be one of the folks directing everything and hire someone with an MBA with a specialty in Non-profit management to run the day to day operations.

      Non profits are a bit funny. They aren't really designed to be a traditional "company" per se. Most states prefer a minimum of 3 officers (president, secretary, and vice pres). Also, many non profits have a board of directors that nominate the officers, though that isn't required. To be a "big" non profit, your board is where you spend the money to get the big names that bring in big contributions through their networks.

      Also, as I am sure you know, a non profit can't be sold like a for profit corporation, so there might not be an end game or parachute, though that would depend on how you fit in to the organization.

      Regards,

      Daniel
      Thanks Daniel,

      I can afford a salary as high as 200K/year. And I plan to raise the other expenses associated with the first year with Kickstarter.

      It's just for charity. That's the only end game

      Thanks for all the awesome info.
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  • Profile picture of the author Riki Stein
    Sounds really interesting, Mike!

    Good luck with your new endeavor!
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  • Profile picture of the author Riki Stein
    Haha! (I meant the new non-profit and this whole shebang your'e working on.)
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