A business plan is a guideline for your nonprofit organization to achieve its purpose. It is crucial that it tells the story of your company and includes any information potential donors may want know. This article will break down how to write a nonprofit’s business plan, including the different sections you’ll need, as well as tips on how to write each.
The Executive Summary is the initial section of a business’s plan and should provide a summary of the entire plan. It should outline your vision and objectives for the non-profit and the steps you’ll take to attain them. It should be written nonprofit executive committee in an the most engaging and concise manner that is easy for anyone to comprehend. Avoid using technical jargon and acronyms. Your audience may not be able to understand the terminology you use.
After the executive summary, you should also include a needs assessment, which will describe what opportunities or challenges your non-profit organization will address. This will help you determine and define your target audience and then use to develop your marketing strategy. You should also include an explanation of the products or services that you offer, as well as their prices and costs. You should also develop a plan of operation that outlines your company’s day-today operations. This could include everything from outreach and marketing to inventory and equipment requirements.
A financial plan is an important part of a plan for business for a nonprofit since it shows that your organization can support itself financially. This will be based upon your past financial information, and your projections that you have made. You should also include an appendix, where you can attach any extra documents that are relevant to your non-profit business plan. This could include things like a current fiscal year budget or a list of board members, or any other important information that you weren’t able to fit into the rest of your plan.