Thursday, October 29, 2009

The Search for a Fiscal Sponsor Begins


You probably could have guessed that starting a business is...a tricky business.  It involves a level of hoop-jumping that three ESL teachers weren't really prepared for.  One of our first business buys was Non-Profits for Dummies, I kid you not.  We've learned that a good way to buy time to figure everything out is to first find a "fiscal sponsor."  This would be a larger, more established organization (one, ideally, with a similar purpose) which would agree to be our parent organization until we can get ourselves figured out enough to be on our own.It's a quick way to get legally recognized as a business so that we can continue having sales while we work on things like writing our business plan and hiring our artisans.  We've got some meetings this coming week with some people who we hope will be able to help us convince a certain organization to be our fiscal sponsor.  I'm hoping we can get this done quickly so that we can have more local sales and begin selling online ASAP.

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