...Silver Lining Outreach Support Center (SLOSC) Mental Health Community Outreach Programs provide individuals diagnosed with mental health issues the opportunity to establish and maintain a variety of supports flexible enough to meet their changing needs. Services are provided with a person-centered philosophy that encourages the individual’s active participation in determining their goals and the strategies developed to achieve them. Silver Lining Outreach Support Center (SLOSC) Programs include: * Supported Housing through our Independent Housing Program (IHP) assists individuals with establishing safe, affordable permanent housing by: * Assisting with the search for an apartment, moving expenses, security deposits and rental assistance when appropriate * Securing basic furnishings and household supplies * Providing advocacy and support to maintain their independent living situation. Bridge Services at SLOSC works with individuals receiving other SLOSC assistance to: * Provide community-based supports to adults who are struggling to manage or make progress in their pursuit of the quality of life they desire, and seek greater levels of wellness, independence, and personal satisfaction and success in their lives. * Support people in the development of their recovery goals focusing on physical health, independence and coordination/instruction related to accessing transportation. SLOSC Assisted Competitive Employment (ACE) and Supported...
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...The Better Business Bureau is considered to be a non-profit organization that relies on funding. This organization is the middle man of the customers and the business. The main purpose behind this organization is to ensure that a particular business is achieving the standards of the Better Business Bureau accreditation standards. There are certain systems and protocols that have been put in place by the BBB to ensure that both the businesses and the customers are being protected. There is a argument resolution procedure in place. This was created and set in place by the council of the Better Business Bureau. These are also made sure to be followed correctly by the local Better Business Bureaus as well. If there is a disagreement that arises...
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...Financial Management in Non-profit Organizations and How It Compares to For-Profits Organizations are usually classified as either non-profit or for-profit. Business corporations are organized for-profit. While non-profits usually include associations, charities, and other voluntary organizations formed to further cultural, educational, religious, or public service objectives. Non-profits and for-profits do have some things in common. Both types of organizations attract individuals focused on maximizing income, minimizing expenses, and reaching their goals. While there are many similarities, non-profits and for-profits have many differences. The most fundamental difference between nonprofit and for-profit organizations is the reason they exist. A non-profit organization exists to provide a particular service to a community, while a for-profit organization exists primarily to generate a profit for the company’s owners and shareholders. A non-profit organization channels all of their income into services and programs aimed at their mission compared to for-profit organizations that distribute profits between owners, employees, shareholders and the business itself (Bottiglieri, Conway, & Kroleski, 2011). Financial management for non-profit organizations is similar to for-profit organizations in many ways however key differences shift the focus of a nonprofit manager. These differences include organizational structure, ownership, distribution of profits, generating revenue and...
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...Non-Profit Sector in Canada The non-profit sector in Canada is one of the largest in the world, second only to Netherlands. Canada’s non-profit sector employs about 12.8% of its active economic population. Although the non-profit sector is not considered a specific industry, its Gross Domestic Product (GDP) can be compared to several key industries in Canada. Statistics Canada divides the Canadian non-profit sector into two: the core non-profit sector and the overall non-profit sector. The core non-profit sector excludes hospitals, universities, and colleges. Including hospitals, universities, and colleges, Canada’s non-profit sector contributes in excess of $100 billion or approximately 7% of the economy. It is estimated that core non-profit sector contributes about 4% of the national GDP, when the value of volunteer work is incorporated. Despite these impressive numbers, Canada’s non-profit sector is constantly under strain and faces various issues such as obtaining funding, recruiting volunteers and board members, and staying relevant and accountable in an ever-changing economic climate. Non-profit organizations include cultural institutions, recreational groups, social groups, environmental organizations, human rights groups, and community organizations. Non-profit organizations are viewed favourably by Canadians; 79% of Canadians think non-profit organizations understand the needs of Canadians better than the government. The non-profit sector in Canada will only continue...
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...to a business or corporation even more accountability, understanding, and most importantly precision are needed to successfully bring in as well as continue financial sustainability. When dealing within a corporation there are many levels to adhere to within the financial everyday aspects of the corporation being ran with precision. So what happens when an organization is not ran financially like a corporation yet deals with almost the same kind of aspects? A non-profit organization can be one of the trickiest functions of business as well as be the hardest type to run on the grounds of the underhandedness that it can usually entail. While it may not come with the great financial payday, running a successful non-profit often requires twice the effort, time that it would take, as well as encouragement to run a successful multi-platform business or corporation. Non-profit organizations are for people who are passionate about a specific cause along with willing to sacrifice financial benefits in order to ensure the ultimate goal which usually is assisting the common good of the public. Although like any other businesses, some non-profit organizations have to deal with fraudulent activity as well as money hungry individuals. Non-Profit Organization So what exactly is a non-profit organization? The word non-profit invokes many sentiments that would often turn many inquirers in today’s money hungry society. However, there are many benefits affiliated with a non-profit organization...
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...|The Business Environment | | | |Karron Lay | |February 2, 2013 | BUSINESS IN THE ECONOMY To understand how a business affects the economy we must first understand the meaning of what a business is by definition. A business is “an organization or enterprising entity engaged in commercial, industrial or professional activities”. (Investopedia, 2013) A business or firm produces the products or services that consumers need, want, or desire. Most businesses or firms operate for profits, which is “the financial reward that comes from starting and running a business”. (Kelly & McGowen, 2012) When a business is not making a profit they are operating at a loss. This could be due to the amount of funds that a business or firm must cover such as their expenses to produce products or services. If the business or firms expenses are more than the profits, then business or firm is operating at a loss. If a business is running at a loss it could be due to key...
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...Issues and Problems Faced by Non Profit Organizations: Funding for Non Profit Organizations “Funding for Non-Profit Organizations” Introduction In general, non-profit organizations conduct business activities and actually raise revenues but their surplus funds are not distributed to owners or shareholders. They operate with the help of some staff who are, although paid salaries, do not earn as much as those who are employed in business corporations that operate for profit. There are also volunteers who provide manpower, skills and talents but are usually paid minimally or get no payment at all. As such, non-profit organizations are exempted from income and property taxation. While businesses and corporations are a source of funding, volunteerism renders the necessary fuel to keep non-profit organizations moving. By and large, non-profit organizations operate relying heavily on volunteer workers and generating funds through the assistance of business benefactors and foundations as well as through fund-raising activities. The number of people or staff that they maintain varies according to the size of the organization, but one thing that can be said about most of them is that they are generally understaffed primarily because of limited funds. DISCUSSION There are many existing international, national and local non-profit organizations. One common thread about them is that they exist for a cause, which...
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... Jerr Boschee and Jim McClurg In this short article the authors outline the four key distinctions that differentiate non-profit social entrepreneurial organisations from other types of charitable non-profit organisations who claim to be making use of social entrepreneurial approaches. Towards a Better Understanding of Social Entrepreneurship Some Important Distinctions Jerr Boschee and Jim McClurg Contents: • Introduction • Four Key Distinctions 1. The differences between “entrepreneurship” and “social entrepreneurship” 2. The differences between “sustainability” and “self-sufficiency” 3. The differences between “earned income strategies” and “social purpose business ventures” 4. The differences between “innovators”, “entrepreneurs” and “professional managers” • Some Final Thoughts • Social Enterprise Definition • Further Information Introduction “Social entrepreneurship” is one of the most misunderstood phrases in the non-profit sector today. Everybody, it seems, has a different definition of what it means. This is our attempt to bring some clarity to the discussion. Our perspective has been shaped by 50 years of experience in the field, one as head of a national consulting firm and the other as the chief executive officer of a US$ 15 million social enterprise. Twenty years ago the idea of non-profits acting in an entrepreneurial manner was anathema to most people in the sector: The idea of merging mission and money filled...
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...available to a business from a variety of sources both internal and external. It is also crucial for businesses to choose the most appropriate source of finance for its several needs as different sources have its own benefits and costs. Sources of financed can be classified based on a number of factors. They can be classified as Internal and External, Short-term and Long-term or Equity and Debt. It would be uncomplicated to classify the sources as internal and external. Internal sources of finance Internal sources of finance are the funds readily available within the organization. Internal sources of finance consist of: * Personal savings * Retained profits * Working capital * Sale of fixed assets Personal savings This is the amount of personal money an owner, partner or shareholder of a business has at his disposal to do whatever he wants. When a business seeks to borrow the personal money of a shareholder, partner or owner for a business’s financial needs the source of finance is known as personal savings. Retained profits Retained profits are the undistributed profits of a company. Not all the profits made by a company are distributed as dividends to its shareholders. The remainder of the profits after all payments is made for a trading year is known as retained profits. This remainder of finance is saved by the business as a back-up in times of financial needs and maybe used later for a company’s development or expansion. Retained profits are a very...
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...role of business in the economy. Business is what makes up our economy. Without business we wouldn’t have an economy. Business IS economy. Get where I’m going with this? There is no easier way to explain this concept. Business brings services and products which brings employment, which brings salaries and income. Economy depends on the progress or performance of big and small businesses. The type of economy in the United States is a capitalistic economy. This means that it revolves around the big and small businesses in our economy. If the major businesses are doing well, our economy will do well too. Compare and contrast the roles of for-profit and nonprofit organizations in the economy. The two types of organizations in our economy are for profit and non profit. For profit organizations sole purpose is to bring in more money that it spends. Or in other words, to simply make a profit. With profit made, the business owners can choose to keep all the money for themselves or they can use it on their business to expand it or do anything else that they feel necessary. They can also use some or all of it to share between their employees. This is where compensation plans such as employee profit sharing comes from. Whatever they do with their profit made, is their choice. Some forms of for profit organizations include; partnerships, small or large corporations and sole proprietorships. A non profit organization provides services to the community without making a profit. They are...
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...the area of business, but across sectors that include government, civic, academic, and charitable organizations. Leadership topics are limitless, as evidenced by the vast expanse of information available in bookstores, libraries, blogs, and corporate leadership schools. For the purposes of this paper, the focus is on the highest-profile trends embraced by thought leaders in the leadership arena. Specifically, this work centers on the similarities – and differences – in the way the different major sectors view and define the important competencies of their leaders. Questions prompting this research include the following: 1. What are the most valued concepts delivered in training sessions to leaders of non-profits versus leaders in the military? 2. How do governmental nuances determine the areas in which leaders must excel? 3. Do leaders in different types of business view the concepts of leadership differently, or do the trends relate to the same basic tenets? 4. Is the area of ethics limited to Fortune 500 CEOs or non-profit directors? The following outlines the key principles that appear to be the most valued leadership concepts and the most significant concepts imparted to each sector’s leaders. Four Sectors Explored For the purpose of this research, the focus is on 4 major working sectors: 1. Corporate business GE, Enron, AIG, Coca-Cola, Nike, and Wal-Mart all have one thing in common: They are all recognizable corporate business names. Some...
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...The Business Environment s BUS100 Abstract This paper covers varies aspects of business and the effect it has on our economy. Inside I will cover the role of business in the economy and I will also educate you on some of the differences and similarities of a for-profit and a non-profit organization. I will also cover the impact of our current fiscal and monetary policies on our economy. The final part of the paper will give you an idea of how I would expose a product to global markets and the impact of social responsibility on a stakeholder group. The Business Environment Introduction In today’s business environment a new era has dawned upon us. A business can be open almost anywhere as long as it follow the rules and regulation. A business environment depends upon the enterprise operating within the framework of the competitive market economy. Therefore globalization and society as a whole has presented opportunities that has arisen in recent years to change the business environment. There was a time when we iron our own cloths, now there are drycleaners on every corner, advertising for our business. People are eating out at fast food restaurants instead of cooking at home. These complex structures are known as a business. These small functioning businesses play a vital role in our economy...
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...The Business Environment Many new businesses get started with the best intentions in mind, yet they fail to change with the fast moving business environment which causes them to not be in business very long. This paper examines the business environment and its impact on the economy. First, this paper describes the role of business in the economy. It compares and contrasts the roles of for-profit and non-profit organizations in the economy and discusses the impact of current fiscal and monetary policies on the economy. Also, it outlines a strategy to access global markets. Finally, it discusses the impact of a company’s level of social responsibility on a stakeholder. The Role of Business Businesses are the engine of the economy. Businesses rely on the factors of production, which include four fundamental resources; natural resources, capital, human resources, and entrepreneurship (Kelly & McGowen, 2010). There are five key dimensions that will help determine if the economy will worsen or prosper. These five dimensions include the following environment: technological, competitive, global, social, and economical. For Profit and Non-Profit Organizations Comparison There are many similarities of for profit and non-profit organizations. Both types of organizations provide products or perform services, employ staff, and receive revenue. These organizations also contribute the region’s economic growth and stability (Kelly & McGowen, 2010). Contrast There...
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...type of business, purpose and ownership of two contrasting businesses. The business I have chosen to do is Tesco and the Oxfam. Tesco is a supermarket in the UK and 11 other countries in Europe and Asia. Tesco was established in 1919 which means the business has been running for 96 years. Since then Tesco has the third highest retailer in the world measured by the company’s profit. It also has the second biggest retailer in the world measured by the company’s revenues. Tesco is mainly known for selling food and drinks. However, couple years ago they expanded their business as the company has now began to sell different types of goods such as electronics, cloths, toys and etc. This means Tesco has now got more people to come into the supermarket for a reason to buy goods. The other business I will be looking at is Oxfam. Oxfam is an international charity. Its aim is to find ways to stop poverty from happening in places like Africa and Asia. They do this by getting people to donate money clothes and money which will then get off loaded to countries in Africa, Asia and even to the poor people in Europe. The organisation ‘Oxfam’ was established in the UK on 1942 at 17 Bond Street in Oxford. The business has been going for 73 years and since then the organisation has helped over a million people all over the world who are suffering. In business there are two types of companies. One is a profit making business (like Tesco) and the other one is a non-profit making business (like charities...
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