A business plan is a strategy for your nonprofit organization to achieve its goals. It is important to ensure that it tells your organization’s story, and includes all the information that potential donors may want to know about. This article will help you to create a nonprofit’s planning with the sections you need and writing tips for each.
The Executive Summary is the first section of a plan for business and should give an overview of your entire plan. It should explain your vision and goals for the non-profit, as well as what you intend to do to reach them. It should be written in a way that is engaging and clear that is easy for anyone to comprehend. It is important to consider that your readers might not be as familiar with the terms and phrases you use, so avoid using technical jargons or acronyms.
After the executive summary you must include a need analysis that outlines the challenges or opportunities your non-profit organization will address. This will help you identify and describe your audience which you can later utilize to create an effective marketing plan. Include the description of your goods or services, along with their costs and prices. It is also important to create an operational plan, which will outline the day-to-day activities of your company. This includes everything from outreach and advertising to inventory and equipment requirements.
A financial plan is a crucial part of a plan for business for a non-profit because it shows that your company can sustain itself financially. This will be based on your past financial information and your projections that you have made. You should also include a section in the appendix in which you can include any additional documents relevant to the business plan of your nonprofit. It could include a current budget and a list of board members or any other important information that you were unable to fit in the rest of your business plan.