You need both a strategic plan and a business plan to ensure success.
Essentially, your business plan will be a combination of your marketing plan, strategic plan, operational/management plan and financial plan.
Many nonprofits start out on a wing and a prayer but without a legit business plan.
Just because an organization is labeled a “nonprofit,” that doesn’t exempt it from operating like a business—a nonprofit is a type of business, and many of the same rules that apply to a for-profit company also apply to a nonprofit organization.
Keep your audience in mind and adjust your plan as needed.
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Granted, your start-up’s business plan may be brief and general at first, but it’s good practice to include some basic elements, many of which you’d find in a for-profit’s plan.
Here’s where to start: This is your business plan in a nutshell—a high-level view of your organization.
In this lesson, learn about non-profit business, the benefits of this type of business, the elements included in a non-profit business plan, and how to get expert advice on how to starting a non-profit business.
A non-profit business, also known as a not-for-profit organization, is a tax-exempt organization formed for religious, charitable, literary, artistic, scientific, or educational purposes.