It should be no surprise to anyone who knows Marc Sparks that his entrepreneur spirit would latch onto an innovative way to give back to charitable organizations that are making a difference.
Marc Sparks is a well known serial entrepreneur and philanthropist in the Dallas/Fort Worth area. The Spark Tank was established to assist social organizations to fund their causes and make a difference.
Why the change from for profit to non-profit?
The understanding that non-profits in their core essence function differently than for profit organizations is what drove Sparks to create the Spark Tank.
Marc Sparks still from time to time takes on for profit organizations. He has noticed while volunteering at Samaritan Inn, a homeless shelter in the Dallas/Fort Worth area how difficult it is for non-profits to raise funds and awareness.
The other big difference between for profit entities and non-profit entities are that non-profits are not selling a particular service or product. Instead non-profit organizations are bound to serve the community in non tangible ways. Learn more about Marc Sparks: http://www.amazon.com/They-Cant-Eat-Marc-Sparks/dp/0990495000
What criteria does the Spark Tank have?
The need for non-profits to be innovative to raise funds and awareness is a critical component in the selection of participants. Non-profit organizations in the Dallas/Fort Worth area that can show how they have already shown initiative in raising funds and awareness have a better chance of being selected than those organizations that can’t show any initiative. Read more: Marc Sparks’s Books and Publications Spotlight and Marc Sparks – Dallas, Texas, United States, Timber Creek Capital
Much like a for profit organization, non-profit organizations have to have a clear and concise mission statement. The organization also needs a specific business plan that shows what the organization plans to do, what the needed funds will accomplish and proven results.
How can I start a Spark Tank in my area?
The need is there for non-profit organizations to have other sources of revenue. Someone with an entrepreneur spirit will find plenty of opportunities to help fund their local non-profit organizations.
The very first thing you need to do is reach out to the existing non-profit organizations and let them know the challenge. Innovative ideas are needed to reach our world and change it for the better.
It won’t be easy. Changing people’s attitudes towards traditional funding sources, creating new ideas for raising funds and awareness and implementing a plan is what Marc Sparks’ Spark Tank: Learn more about Marc Sparks: http://sparktankdfw.com/ does best.