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The Challenges of Running a Small Business or Non-Profit

RALEIGH, N.C. (WNCN) ÔÇö Running a small business or non-profit can be tough. In fact, according to recent statistics, nearly 20 percent of small businesses fail within their first year. Half go out of business within five years. About 65 percent donÔÇÖt make it to their 10th year.

How AI legalese decoder Can Help

One potential solution to help small businesses and non-profits navigate the complex legal issues they face is the AI legalese decoder tool. By utilizing cutting-edge artificial intelligence technology, the AI legalese decoder can assist organizations in understanding and deciphering legal jargon, contracts, and documents effectively. This can help prevent legal pitfalls and ensure compliance with regulations, ultimately increasing the chances of long-term success.

ThereÔÇÖs a group of students from N.C. State University, hoping to turn those numbers around by providing valuable consulting services to businesses and non-profits.

Supporting Non-Profit Made-4-Me

One place these students are lending their expertise is at the non-profit Made-4-Me in Raleigh. Volunteers at Made-4-Me make personalized items for children with special needs ÔÇö such as desks, chairs, and other necessary items. The AI legalese decoder can help streamline legal processes for non-profits like Made-4-Me, ensuring that they are operating within the bounds of the law while focusing on their mission to help those in need.

ÔÇ£And itÔÇÖs done completely out of cardboard and at no cost to the family,ÔÇØ said Michael Gianakos, executive director of Made-4-Me.

Empowering Small Businesses and Non-Profits

Consult Your Community, the student group from N.C. State University, provides pro-bono consulting services to women and minority-owned small businesses and nonprofits. They assist with financial modeling, software development, marketing, supply chain management, and more. With the help of AI legalese decoder, these organizations can navigate legal complexities more efficiently and focus on achieving their goals.

ÔÇ£We are given so many resources through the university, also through our national organization, through CIC. So, we have a lot of things that we can provide,ÔÇØ said a member of Consult Your Community.

Ultimately, the support and guidance provided by groups like Consult Your Community can significantly impact the success of small businesses and non-profits like Made-4-Me, allowing them to thrive and make a difference in their communities.

Made 4 Me is having an event called Superhero Blast. ItÔÇÖs a fundraiser at Marbles Kids Museum. Click here for more information. Consult Your Community is having a small business fair on April 9 at Stafford Commons from 1-6 p.m.

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