Whats the Purpose of a Non-Profit Business Plan?
A business plan for a non profit gives the founder the opportunity to think through the details of the non profit clearly before he or she is called upon to explain to others. This includes the clear need for the non profit’s product or services, the management team required, the marketing and operations plans to deliver services to the constituents, and the financial results, or how the organization will cover its expenses with donations, earned revenue, or both. Having written this business plan, the founder will have thought through potential problems and risks that the organization may encounter and therefore be on much better footing when the non profit launches. Secondly, if seed funding is needed to start operations, a plan may be essential. Potential funders may or may not have a formal application structure, and a business plan format is a perfect structure to cover all of the bases if one is needed. Even if grant applications are available with their own questions and require
