A business plan is the roadmap that your non-profit organization must follow to fulfill its mission. It is essential to ensure that it tells your organization’s story, and includes all the information potential donors might want to know about. This article will outline how to make a nonprofit’s business plan including the various sections you’ll need as well as some tips on how to write each.
The Executive Summary is the initial section of a business plan and should provide a summary of your overall plan. It should outline your organization’s objectives and vision, as well as the way you plan to achieve them. It should be written in an easy and concise manner, making it easy for anyone to comprehend. It is important to keep in mind that your audience might not be as familiar with the terms and phrases you use and therefore, avoid using technical jargons and acronyms.
After the executive summary you must include a needs analysis that will outline the issues or opportunities your organization will tackle. This will help you identify and describe your target market that you can use to develop an effective marketing plan. Include a description of your products or services, along with their costs and prices. Also, you should create an operational plan that details your company’s day-today operations. This will cover everything from outreach and marketing to inventory and equipment requirements.
A financial plan is a crucial element of a nonprofit’s business plan since it will prove that your organization has the ability to support itself financially. This will be based on your past financial data, and the projections you’ve made. You should also include an appendix to your plan, where you can attach any additional documents that are relevant to your nonprofit business plan. This could include things such as the current budget for fiscal year, a list of board members or any other crucial information that you weren’t capable of incorporating into the rest of your plan.