Whether it’s in the for-profit or nonprofit world, money is the fuel that provides the power to run an organization. In the for-profit world, a business plan helps convince investors to either lend or commit their money to an organization. In the nonprofit world, a business plan can be used as a basis for grant proposals, fundraising projects, staffing and operations.
How do you get started? The first thing to consider is who will write your plan. It may be a good idea to find someone who can be totally objective and ask the cold, hard questions that need to be asked
The following is a short list of questions a business plan should address:
Other questions to be answered include:
There are three basic items that must be included in a business plan: Program, Operations and Financials. Each section should be expanded on by including the following:
Your CPA can help you write a business plan for your organization to get you on the road to success. We're here to answer any questions you may have!