If you looked at the life history of several wealthy men that have walked the path of earth, chances are that you may have realized a pattern.
For example, many nonprofits rely on government contracts or grants.
What if the particular sources of income that exist today change in the future? According to Propel Nonprofitsbusiness plan usually should have 4 components that identify: A business plan can explain: What will be the types of revenue sometimes referred to as "income streams" that the nonprofit will rely on to keep its engine running?
A business can also take into account assumptions that exist today but may change in the future: Are there certain factors that need to be in place in order for those income streams to continue flowing?
The plan should address both the everyday costs needed to operate the organization as an entity, as well as costs that are specific to the unique programs and activities of the nonprofit.
Basic format of a business plan The format may change depending on the audience. A business plan prepared for a bank to support a loan application may be different from a busines plan that board members will use to help define their priorities in recruiting new board members.
Here is a typical outline of the format for a business plan: Table of contents Executive summary - Name the problem the nonprofit is trying to solve: Assumptions and proposed changes: What needs to be in place for this nonprofit to continue on sound financial footing? What will we prioritize?
How will we acheive more ambitious revenue goals? Tools for business planning Should your nonprofit use a business model statement to complement its mission statement? Blue Avocado Tools for business planningcreating a theory of change, a case for support, and building a revenue plan for purchase from Social Velocity.Rosetta Thurman is a writer, speaker, professor and consultant working and living in the Washington, D.C.
area. She holds a Master’s degree in Nonprofit Management and blogs about nonprofits, leadership and social change at monstermanfilm.com If you'd like to quickly and easily complete your non-profit business plan, download our proven non-profit business plan template and complete your business plan and financial model in hours.
Below are the key sections to include in your non-profit business plan. Non Profit Social Services Business Plan This free, printable business plan can help nonprofit social services set a course for their organization's management to successfully manage, operate, and administer the service.
Get expert help from a Non-Profit business plan consultant. We also help with strategic plans and grant writing. Established in See Management Consulting Business Plan Template for another common collaborative enterprise.
How you use the information from these sample plans is up to you. They can help improve your existing business plan, or they can help you draft one from scratch in such a . A non profit business plan is very similar to a business plan for a profit making enterprise. The business plan for nonprofit is a document that applies to the nonprofit at various stages of the life cycle.