Gurbaksh Chahal: What I Learned Starting a Foundation

After committing $1 million to launch a nonprofit, the serial entrepreneur shares three things he learned along the way.

learn more about Gurbaksh Chahal

By Gurbaksh Chahal

Opinions expressed by Entrepreneur contributors are their own.

To achieve success, you have to go through an incredible journey of ups and downs. And once you do, you feel humbled. I've realized the beauty of the American Dream is that once you've seen it, you start to think about ways to give back.

I've been fortunate to be part of three successful entrepreneurial journeys. And I've always believed the more you serve and give, the universe always returns the favor. I began my philanthropic journey by starting the BeProud Foundation, built on the premise that through awareness we can prevent future hate crimes in America.

Of course, getting a nonprofit up and running takes a lot of time, effort, and money. It's basically like another startup – except with a different kind of P&L. The greatest reward is the "change" you set out to create, which is more powerful than any financial profit you'll ever make in the business world.

Related: Gurbaksh Chahal Commits $1 Million to Stop Hate Crimes

BeProud took three months to launch, and our first public service announcement began airing today, integrated with a call to action on Facebook, my social platform Via.me and YouTube. If you are thinking about starting a foundation one day to give back, here are three things I learned along the way that may help you on your philanthropic journey.

Commitment is the first step. So many people want to do something when a tragedy happens. Given our busy lives, we tend to talk about it and then get preoccupied or distracted. That's why it's important to quickly take the first step and sketch out a plan. This can be the hardest part. It took me three sleepless nights to finally realize the only way something was going to happen was if I made this issue my problem -- and took the first step to do something about it.

Don't be afraid to ask everyone for help. I was shameless. I believed so much in the cause, I emailed everyone I knew from my Rolodex: celebrities, agents, friends, influencers, politicians, press -- everyone. The message had to be concise and offer specific ways they can get involved. In our case, we asked for their support through social media, and encouraged people to share their own reasons to "be proud" by uploading a YouTube video. Deepak Chopra and family members of Nelson Mandela are among the supporters.

Leverage social media – it's free. There are 2 billion people on the Internet today – that's as many as existed in the entire world in 1925. Connect with them. My premise for starting with social media was: If governments can be overthrown by the power of collective information, we can process change in social movements the same way. We started a grassroots effort to encourage volunteers to help spread the message globally. On Facebook alone we have close to 700 members that have joined the "Global Volunteers for BeProud" group. We also created a separate social media presence for BeProud on Facebook and Twitter.

Lastly, remember this: The fact that you're doing something with a greater purpose is a beautiful thing. No one can take that away from you. You're contributing to something greater than yourself. And, that's one of the proudest moments you'll have. I've also learned that life's biggest profit isn't a number; it's what you give back that inspires people. I hope with BeProud my journey is just the beginning.

Gurbaksh Chahal

Serial entrepreneur Gurbaksh Chahal sold his first online advertising startup ClickAgents at 18 for $40 million. His second company BlueLithium was purchased by Yahoo Inc., for $300 million. His latest venture is RadiumOne, a fast-growing ad network that leverages social data on the Web. Chahal also published a memoir, The Dream (Palgrave Macmillan, 2008).

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.

Business News

I Live on a Cruise Ship for Half of the Year. Look Inside My 336-Square-Foot Cabin with Wraparound Balcony.

I live on a cruise ship with my husband, who works on it, for six months out of the year. Life at "home" can be tight. Here's what it's really like living on a cruise ship.

Business Solutions

Master Coding for Less Than $2 a Course with This Jam-Packed Bundle

Make coding understandable with this beginner-friendly coding bundle, now just $19.99.

Business News

American Airlines Sued After Teen Dies of Heart Attack Onboard Flight to Miami

Kevin Greenridge was traveling from Honduras to Miami on June 4, 2022, on AA Flight 614 when he went into cardiac arrest and became unconscious mid-flight.

Thought Leaders

The Collapse of Credit Suisse: A Cautionary Tale of Resistance to Hybrid Work

This cautionary tale serves as a reminder for business leaders to adapt to the changing world of work and prioritize their workforce's needs and preferences.

Business Solutions

Learn to Build a ChatGPT Bot for Only $30

If you want to see what AI can do for your business, grab this course bundle today.