Creating a business plan for non-profit

Executive Summary Most business plans start off with a thorough Executive Summary at the beginning of the document. Include your name, the name of your food truck, and where you plan on operating your business.

Creating a business plan for non-profit

Audience[ edit ] Business plans may be internally or externally focused. Externally-focused plans draft goals that are important to outside stakeholders, particularly financial stakeholders.

These plans typically have detailed information about the organization or the team making effort to reach its goals. With for-profit entities, external stakeholders include investors and customers, [2] for non-profits, external stakeholders refer to donors and clients, [3] for government agencies, external stakeholders are the tax-payers, higher-level government agencies, and international lending bodies such as the International Monetary Fundthe World Bankvarious economic agencies of the United Nationsand development banks.

Internally-focused business plans target intermediate goals required to reach the external goals. They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization.

An internally-focused business plan is often developed in conjunction with a balanced scorecard or a list of critical success factors. This allows success of the plan to be measured using non-financial measures. Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called strategic plans.

Operational plans describe the goals of an internal organization, working group or department. They may also address the project's place within the organization's larger strategic goals.

The content and format of the business plan is determined by the goals and audience. For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission.

Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan. Venture capitalists are primarily concerned about initial investment, feasibility, and exit valuation.

A business plan for a project requiring equity financing will need to explain why current resources, upcoming growth opportunities, and sustainable competitive advantage will lead to a high exit valuation. Please help improve this article by adding citations to reliable sources.

Unsourced material may be challenged and removed. August Learn how and when to remove this template message The format of a business plan depends on its presentation context. It is common for businesses, especially start-ups, to have three or four formats for the same business plan.

An " elevator pitch " is a short summary of the plan's executive summary. This is often used as a teaser to awaken the interest of potential investors, customers, or strategic partners.

It is called an elevator pitch as it is supposed to be content that can be explained to someone else quickly in an elevator.

creating a business plan for non-profit

The elevator pitch should be between 30 and 60 seconds. The content of the presentation is usually limited to the executive summary and a few key graphs showing financial trends and key decision making benchmarks. If a new product is being proposed and time permits, a demonstration of the product may be included.

An internal operational plan is a detailed plan describing planning details that are needed by management but may not be of interest to external stakeholders.

Such plans have a somewhat higher degree of candor and informality than the version targeted at external stakeholders and others. Typical structure for a business plan for a start up venture [10] cover page and table of contents.Nov 21,  · The outcome of this project is a business plan that explains a procedure to help create a non-profit transitional housing facility that will be located in Palm Springs, CA.

The steps of building this non-profit business are detailed in an implementation plan following this manuscript. Creating and managing a non-profit organization is a noble effort, one that takes a lot of work in order for goals to be reached.

It is not something that a person can simply wake up . A non-profit business plan describes all of the aspects of an operation and provides a strategic plan of how it will be managed. The plan will show where the organization wants to be in three or five years and what it will take to accomplish the vision.

Plan Settings for Non-Profits. Select the non-profit option in the Plan Setup and the instructions, financials, charts and plan outline are automatically customized for the unique needs of non-profits. Service plan goals typically include increasing income, decreasing public assistance, and developing skills and abilities which empower the individual to build hope for the future; increasing skills for self sufficiency, and obtain permanent violence-free housing.

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