Use graphs, charts and sidebars to break up text and maintain interest. An organization usually develops a business plan before beginning operations, but nonprofits also develop business plans to reassess and reset course, plan an expansion or generate support for a program.
Start with a compelling executive summary, which introduces your nonprofit and summarizes the business plan. Establish a timeline, such as over three or five years, to provide a long-term view of activities and allow for evaluation and correction.
Format the document with clearly defined sections so readers can easily locate information. Research information about best practices for providing services that work, such as successful approaches for improving participation in financial literacy programs.
For instance, a nonprofit that helps displaced workers in Xenia, Ohio, needs to know the number and characteristics of displaced workers in the city, the services they need and the existing resources they can already access. Build your business plan by organizing into the sections the data, conclusions and decisions generated through your research and planning.
Video of the Day Brought to you by Techwalla Brought to you by Techwalla Research and Projections Research the need your nonprofit addresses in a given community and the resources required.
Review current funding trends, with a special focus on identifying individuals or organizations that have contributed to or expressed interest in your program areas. Your business plan should be a professional document suitable for distribution to outside sources.
Formatting and Audience The nonprofit business plan functions as a management tool. A nonprofit must operate like a business and plan strategically to build assets, support its mission and sustain its work.
How to Write a Business Plan for Non Profit Organizations by Gail Sessoms - Updated September 26, You write a nonprofit business plan using many of the same elements used in a for-profit business plan.
Constructing the Plan Whether used by internal or external readers, the business plan should focus on the nonprofit mission and how the work is carried out. Look at sample nonprofit business plans to get a feel for the flow and use of graphics.
The plan should persuade and instruct. Involve board members, community members and, if the nonprofit is operational, staff in the planning process. However, the plan is not just an internal document.
Include a cover sheet, title page and table of contents.How To Write A Business Plan For A Nonprofit Organization Posted by Dodd Caldwell · Apr 4, Writing a business plan for a new nonprofit is essential, and this guide will show you exactly what to include and how to put it together.
Aug 27, · For now, read on, and revisit the executive summary business plan section when you’re finished writing your plan. Problem and solution Start this section of your business plan by describing the problem that you are solving for your clients or your community at large/5(83).
How to Write a Nonprofit Business Plan by Belle Wong, J.D., October When you had the idea of starting a nonprofit, you might not have envisioned yourself working on a business plan for your new nonprofit corporation.
That's why these sample business plans for nonprofit organizations and social enterprise businesses can help you get started on the right foot. These, and hundreds more sample business plans, are included in LivePlan.
A business plan is the action plan, identifying the tasks, milestones, and goals, but also identifying the potential for success and the potential risks ahead, given the nonprofit’s “competitive advantages” and the environment in which it operates.
The nonprofit business plan functions as a management tool. However, the plan is not just an internal document. Foundations and others often ask to see a nonprofit’s business plan before agreeing to contribute to the organization. Your business plan should be a professional document suitable for distribution to outside sources.Download