Benefit Corporation

3 Tips For Starting A Successful Benefit Corporation (2024)

Pat Walls

•

Updated: January 19th, 2023

Want to start your own benefit corporation? Here are some tips you should know:

Learn more about starting a benefit corporation:

Where to start?

-> How much does it cost to start a benefit corporation?
-> Pros and cons of a benefit corporation

Need inspiration?

-> Other benefit corporation success stories
-> Marketing ideas for a benefit corporation
-> Benefit corporation names

Other resources

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a benefit corporation:

#1: Tippy Tippens, founder of Goods That Matter:

We chatted with with Tippy, founder of Goods That Matter ($5K/month). In our interview, Tippy says:

It’s my opinion, you can never really be fully ready or prepared - the important thing is to begin and start filling in the gaps as you go along.

Additionally:

If you’re starting a product based business, try to be patient, it really does take time and retail is really tricky. It’s been 8 years for me at this point and as a bootstrapped, small business, it’s very hard to get over the hump to the next level. I’m still working on it!

Read the full interview ➜

#2: Tippy Tippens, founder of Goods That Matter:

We chatted with with Tippy, founder of Goods That Matter ($5K/month). In our interview, Tippy says:

Noticing what we are seeking/needing as individuals and finding commonalities with others’ needs is a constant source of inspiration for product and service ideas.