Question

Would you consider becoming a nonprofit manager or would you prefer to work in the for-profit sector? Why or why not? If you choose to work in the nonprofit sector, what are the non-monetary aspects of nonprofit work that drive you toward wanting to work in this field? If you choose the for-profit sector, why would you prefer to work in that field?

Answer 1

I would you prefer to work in the for-profit sector?

A business or other organization whose primarygoal is making money (a profit), as opposed to a non profit organization which focuses a goal such as helping the community and is concerned with money only as much as necessary to keep the organization operating. Most companies considered to be businesses are for profit organizations; this includes anything from retail stores to restaurants to insurance companies to real estate companies.

A for-profit organization exists primarily to generate a profit, that is, to take in more money than it spends.”

“The owners can decide to keep all the profit themselves, or they can spend some or all of it on the business itself.”

Owners of for-profit organizations might also share some of their profit with their workers. In other words, they can have a profit-sharing scheme.

For-profit organizations can be either private or public companies.

Public companies

A public company is a for-profit organization whose shares members of the public can buyon a stock exchange.

We can also purchase public company shares over-the-counter.

The stocks of a typical public company belong to many different investors. Members of the public, corporations, pension funds, and mutual funds, for example, are investors in public companies.

Private companies

A private company is also a for-profit organization (in most cases). Members of the public and other entities, however, cannot buy and sell its shares freely.

The purchase and sale of private company shares take place privately.