/ Register

  • The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. The forum software will be upgraded on Sunday May 26th and may not look normal during the transition. Some functionality may be offline. This is TEMPORARY and is expected to last up to 8 hours.
  2. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

Best business model?

Discussion in 'Business Models, Niches, Industries' started by Chris Gleo, May 12, 2018.

Most Liked Posts
  1. May 12, 2018 #1
    Chris Gleo
    Offline

    Chris Gleo New Contributor

    Messages:
    8
    Likes Received:
    9
    Joined:
    Apr 21, 2018
    Gender:
    Male
    Rep Bank:
    $46
    hey everyone, I want to start an e-commerce company where my salary is separate from the company’s profits. The plan is to pledge 100% of net profits to a local charity I volunteer at, but take a $40,000 salary along the way. What is the best business model to use? Should I form a c Corp or is there a better way?

    I’d rather not set up a non profit... Can I just follow the Newman’s Own business model but avoid their legal problems by not owning the foundation I support?
     
  2. May 12, 2018 #2
    Action Mike
    Offline

    Action Mike Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    54
    Likes Received:
    65
    Joined:
    Nov 9, 2016
    Gender:
    Male
    Rep Bank:
    $366
    Charitable giving is one of my main motivators but IMO the best way to do this long term is investing into the business as much as possible to build it up and then eventually investing profits in investments that return cash flow that can then be used to support charities. You still control the capital but have long term lasting income that can be used to help others. A ecommerce business might have a short shelf life compared to a life long pursuit of charity.
     
    Chris Gleo likes this.

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page