It might even lead you to kill off aspects of your business before investing too much time or money in them.That doesn't mean you have to bust out Word and start the plan from scratch.It's a "plan" after all - and the underlying assumptions may change.
The plan may include details about the need for the organization's services (a needs assessment) and about the likelihood that certain funding will be available (a feasibility study) or about changes to the organization's technology or staffing that will be needed in order to successfully advance its mission.
Another potential aspect of a business plan could be a "competitive analysis" describing what other entities may be providing similar services in the nonprofit's service and mission areas.
The strategic plan might then address that will happen, such as through the tactic of developing an annual giving campaign; and further, how that tactic could be sustained, such as by identifying the cost of staff needed to support that activity on an ongoing basis; and how success in the annual giving campaign will be measured.
Larry Kim is the CEO of Mobile Monkey, a chatbot building platform for marketers that enables mobile messaging between businesses and customers via Facebook Messenger.
” “What other nonprofits are providing similar services?
” and “What services does our nonprofit deliver that are unique?
A template is great--you probably aren't doing anything that hasn't been done before, so it provides a proven structure for your plan. Check out these comprehensive business plan templates you can download for free to get you started: Score is an American nonprofit dedicated to helping entrepreneurs get their companies off the ground.
Its template, available as a PDF or Word download, asks a whopping 150 questions and is generic enough to customize for most types of businesses.
A lot of those mistakes (most of them, in fact) are the result of poor planning.
Bad location, a marginal niche, having no specific user in mind, raising too much or too little money--all of these issues can be prevented or at least mitigated with good planning.