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In this video, Laurent Sevigny, CEO of QRius Pay and Lead Strategist at QRius Consulting, discusses why nonprofits need to reassess their business plans. He highlights four common mistakes made by nonprofits in this process and offers strategies to avoid them. While acknowledging the value of treating nonprofits with business principles, such as ensuring revenue covers expenses, he emphasizes that nonprofits are fundamentally different from for-profit businesses. Consequently, they require tailored approaches and strategies that recognize their unique missions and structures.