--- title: BoardSource Blog - The Leader in Nonprofit Board Governance | similarities in for-profits and nonprofits description: similarities in for-profits and nonprofits | Nonprofit governance blog devoted to best practices and committed to inspiring nonprofit board service --- ![Blog-0216.jpg](https://blog.boardsource.org/hs-fs/hubfs/blog_photos/Blog-0216.jpg?width=1400&name=Blog-0216.jpg "Blog-0216.jpg") [![Blog-header-logo.png](https://blog.boardsource.org/hs-fs/hubfs/blog_photos/Blog-header-logo.png?width=360&name=Blog-header-logo.png "Blog-header-logo.png")](https://boardsource.org) [Back to blog homepage](https://blog.boardsource.org/blog) [![Red ](https://blog.boardsource.org/hubfs/Blog-Due-Diligence.jpg)](https://blog.boardsource.org/blog/nonprofits-due-for-due-diligence) ## [Nonprofits: Due for Due Diligence](https://blog.boardsource.org/blog/nonprofits-due-for-due-diligence) Posted by [Patricia Q. Connolly](https://blog.boardsource.org/blog/author/patricia-q-connolly) on May 8, 2019, 12:36:29 PM If you were approached to invest in a business, a major part of your decision making process would include doing your due diligence. In addition to conducting a preliminary financial review, you would look at the market, competition, and the company’s governance structure. You would also examine... [more](https://blog.boardsource.org/blog/nonprofits-due-for-due-diligence) Topics: [similarities in for-profits and nonprofits](https://blog.boardsource.org/blog/topic/similarities-in-for-profits-and-nonprofits) [![Three gotta-haves for impact and scale](https://blog.boardsource.org/hubfs/blog_photos/three-steps2.png)](https://blog.boardsource.org/blog/the-3-gotta-haves-for-boards-seeking-impact-and-scale) ## [The 3 Gotta-Haves for Boards Seeking Impact and Scale](https://blog.boardsource.org/blog/the-3-gotta-haves-for-boards-seeking-impact-and-scale) Posted by [Donald Summers](https://blog.boardsource.org/blog/author/donald-summers) on Jul 18, 2018, 12:15:00 PM An exciting, grand historical evolution of American society is taking place: [For-profit and nonprofit domains are converging](https://blog.boardsource.org/blog/the-for-profit-and-nonprofit-sectors-are-converging-what-are-the-implications-for-you). Many of the entrepreneurial and organizational practices and frameworks found most frequently in the business world are finding increased adoption in the social sector, just... [more](https://blog.boardsource.org/blog/the-3-gotta-haves-for-boards-seeking-impact-and-scale) Topics: [strategic planning](https://blog.boardsource.org/blog/topic/strategic-planning), [Culture](https://blog.boardsource.org/blog/topic/culture), [similarities in for-profits and nonprofits](https://blog.boardsource.org/blog/topic/similarities-in-for-profits-and-nonprofits) [![Blog-language](https://blog.boardsource.org/hubfs/blog_photos/Blog-language.jpg)](https://blog.boardsource.org/blog/using-for-profit-language-in-the-nonprofit-world) ## [Using For-Profit Language to Think Differently About Nonprofits](https://blog.boardsource.org/blog/using-for-profit-language-in-the-nonprofit-world) Posted by [Patricia Q. Connolly](https://blog.boardsource.org/blog/author/patricia-q-connolly) on Jun 6, 2018, 12:26:11 PM Nonprofits face many challenges today that are unique to the sector, with fundraising being one that immediately comes to mind. But nonprofit organizations are not necessarily as different from their for-profit counterparts as one might think; both require strong governance and oversight to... [more](https://blog.boardsource.org/blog/using-for-profit-language-in-the-nonprofit-world) Topics: [similarities in for-profits and nonprofits](https://blog.boardsource.org/blog/topic/similarities-in-for-profits-and-nonprofits) [All posts](https://blog.boardsource.org/blog/all) ### Recent Posts Search this site on Google Search BoardSource   1050 Connecticut Ave NW, PO Box 65001  Washington,  DC   20036   US [![14](https://blog.boardsource.org/hs-fs/hubfs/14.png?width=37&height=37&name=14.png)](https://www.facebook.com/BoardSource/)  [![15](https://blog.boardsource.org/hs-fs/hubfs/15.png?width=37&height=37&name=15.png)](https://www.linkedin.com/company/boardsource) [![13](https://blog.boardsource.org/hs-fs/hubfs/13.png?width=37&height=37&name=13.png)](https://www.youtube.com/user/BoardSourceVideo) [Privacy Policy](https://boardsource.org/privacy-policy/)     |     [Acceptable Use](https://boardsource.org/terms-of-use/) © Copyright BoardSource