After visiting Country Life Restaurant in Keene, I was curious what a not-for-profit business entails. According to business-law.freeadvice.com, "A 'not for profit' corporation is one specifically formed for purposes other than operating a profit seeking business, such as a charitable, religious, education, or scientific purpose. There is, however, a mistaken belief that all "non-profits" cannot make money." This definition was what I assumed, but I was surprised when Peggy told us how much money they were loosing. I thought it would make more sense to create some revenue to do more events or help out those who might not be able to afford to eat healthy. With all the free technology in the world today I would think that they could easily find ways to help create more revenue or find out where they are loosing the most money. What do you think Peggy should take as a first step in helping turn her failing business around?
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