In the presentation, Ford goes into detail over the differences between profit and nonprofit organizations. Some of the differences include taxes and how the ownership works. When looking at nonprofits, it is important to give the money earned back to the community or whatever the cause may be. Knowing the difference between the two before starting a business would be very helpful. Many people go into starting a business and not realize what they are doing until it is too late. So, it is important to educate people early on the differences so there won’t be as many mistakes. When looking at a nonprofit organization, if someone wants to start one then, they have to go in with the mindset knowing that it is not about the money. People who invest in nonprofits have to be doing it for the cause; The reason for this is because legally there could be some consequences with taxes if a profit is made or money is handled wrong. There have been some famous scandals with nonprofits and people being scammed out of money. When doing a nonprofit, it is important to conduct research so that the individual knows that they are doing. Overall, I think that nonprofits are a great thing to do. They help causes that many people care about. It is just important to be careful with how they are managed.