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True or false? And why 1 . Before your nonprofit can start even the smallest business, you must have a budget of at least $

True or false? And why
1. Before your nonprofit can start even the smallest business, you must have a budget of at least $1 million.
2. The largest nonprofits, like medical centers and museums, are most likely to be the hardest hit by economic turndowns.
3. Public schools, unlike nonprofit organizations, are forbidden to use business approaches to supplement funding.
4. If you are a nonprofit, you cannot pay consultants to help start a business; you must rely on volunteers.
5. Some grantmakers today may be more likely to fund nonprofits that are proposing business approaches to diversify their funding.
6. An example of a savvy business strategy is for your organization to send grant proposals to foundations in other cities.
7. A high-quality business plan should never be more than one page long.

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