If you are a leader in the nonprofit world, you may have wondered, “what is the difference between nonprofit and for profit businesses?” This question maybe important to you because, like many others, you want to know which leadership principles are transferable from one area to another. Well, the good news is that there are very few differences between profit and nonprofit businesses. An even greater news is that leadership principles are not unique to one industry but cut across all industries. The same leadership principles are often applicable to individuals, families, communities, and nations. Watch this video in which I discuss the differences between profit and nonprofit corporations.