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Laurent Sevigny, CEO of QRius Pay and Lead Strategist at QRius Consulting, discusses the need for nonprofits to rethink their business plans. He identifies four common mistakes nonprofits make and provides tips to avoid them. While it's important for nonprofits to run efficiently like businesses, they have their own unique limitations. Nonprofits should ensure their revenue streams cover operational expenses and can learn from management practices in the for-profit sector.