A non-profit business plan is necessary for startups and established organizations. A Michigan based 501(c)(3), non-profit organization is a business that needs to attract clients and generate revenue. It’s just like any other business. It’s important to plan how you will operate the business, attract and serve your clients, and generate revenue. A non-profit business plan will serve as a guide for doing all of those things.
How a Non-Profit Business Plan Can Help You
A non-profit business plan gives you the full picture. It guides you on how to start, grow, and/or manage your non-profit. I meet many non-profit entrepreneurs and small business owners that have a great vision. However, they have not written it down. These are the types that find themselves struggling to get the best results. There are many reasons they may be struggling. I believe not having a non-profit business plan is one of them. I strongly recommend writing a non-profit business plan, whether your Michigan based 501(c)(3) organization is a startup or established non-profit, especially if it isn’t performing according to your standards. The non-profit business plan will–
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Describe the Organization - Outline Goals, Objectives, & Outcomes
- Outline the Mission, Vision, & Direction
- Outline the Keys to Success
- Identify the Founders
- Explain the Organization History
- Identify/Describe the Organization Location
- Describe the Organization Programs, Projects, and/or Services
- Explain the Organization Fulfillment & Distribution Process
- Describe the Organization Business Model
- Outline the Type of Technology the Organization Uses
- Provide a Detailed Industry & Competitor Analysis
- Provide a Detailed Analysis of Your Target Population
- Describe How Your Organization Benefits the Community
- Describe the Organization Marketing Strategy
- Outline the Organization Strengths, Weaknesses, Opportunities, and Threats
- Outline the Management Team, Personnel Plan and Organizational Structure
- Outline the Financial Projections/Budget Plan
Get Help Writing Your Non-Profit Business Plan
Your business will make more sense and you will feel more organized when you have a non-profit business plan to follow. You will also feel like you’re headed in the right direction. That’s why it’s a great idea to have one. Your team (i.e Board of Directors, Employees, and Volunteers, etc) will also be able to use the non-profit business plan to get a better idea of the direction you want your Michigan based 501(c)(3) non-profit organization to go. If you want to start or grow your Michigan based 501(c)(3) non-profit organization and get help writing your non-profit business plan, please click here to contact us for more information.
