Q: My partners and I are having hard time trying to figure out if we should reclassify our business as a nonprofit entity. Would the answer change the type of business plan we need? A: Absolutely! A business plan is a document that has a specific audience. If the audience changes, the plan will need to change.
8+ Nonprofit Plan Examples & Samples in PDF | Google Docs | Word | Pages
Creating an Attainable Nonprofit Business Plan | QuickBooks Canada
Many of these organizations are hard at work helping people in need and addressing the great issues of our time. There are a variety of challenges behind these sobering statistics. In many cases, a nonprofit can be sunk before it starts due to a lack of a strong nonprofit business plan. Below is a complete guide to understanding why a nonprofit needs a business plan in place, and how to construct one, piece by piece.
The Complete Guide to Writing a Nonprofit Business Plan
For example, many nonprofits rely on government contracts or grants. What if the particular sources of income that exist today change in the future? And what is Plan B if they don't? You can think of a business plan as a narrative - or story - explaining ideally in a way that will make sense to someone not intimately familiar with the nonprofit's operations how the nonprofit will thrive given its activities, its sources of revenue, its expenses, and the inevitable changes in its internal and external environments over time. A business plan can explain: what the income sources will be to support the charitable nonprofit's activities.
Not so fast! Before you start printing out flyers and soliciting donors, take the time to learn how to write a non-profit business plan that will set you up for success. While that may be true if you rely strictly on grants or donations, non-profits can and do sell goods and services. And a non-profit is still considered a type of business.