Starting a charity organization can be rewarding both personally and publicly, as help targeted to a specific need touches many lives. It takes a lot of commitment and support in beginning a non-profit and it is beneficial to understand the basics of beginning a charitable enterprise that is successful.

If you have a passion for a cause, starting a nonprofit could be for you. A crucial difference between starting a nonprofit vs. a for-profit is that you're creating an asset you will never own, Heath notes. A nonprofit essentially belongs to the community, so you will never be able to sell it.