Writing a plan for nonprofit organisations is not that different from planning for a traditional for-profit organisation. Usually, non-profit organisations avoid using the term ‘business plan’ and prefer to call it a ‘strategic plan’ or an ‘operational plan’. Like any other traditional business, they too need to do extensive research on their target market and forecast revenues for the foreseeable future.
Business planning entails setting out objectives, designing a solid execution strategy, planning your finance, identifying your customers, identifying performance metrics and making sure everyone in the organisation is adept with the plan. Even when these goals do not include earning profits, a business still needs proper direction and structure to be able to meet its strategic objectives and fulfil its mission as well as to attain its vision as an organisation.
A well-structured business plan and execution strategy create an opportunity to examine the centre of your mission, analyse the financing you will need to bring that mission into action and your ability to sustain operations in the future.
A non-profit organisation has stakeholders they’re answerable to. This usually is a board of directors who need to be regularly updated on the organisation’s activities, its progress and its financial health. Monitoring and reporting the usage of current finances is a crucial aspect of how and when to raise future funding. These financial reviews help review the current spending behaviour, compare actual results with forecasted numbers, identify KPIs and accordingly plan for the future. Is the organisation performing as per expectations? Or worse, perhaps?
Additionally, a solid and comprehensive business plan also helps non-profit organisations court major donors who may be interested in developing a deeper understanding of how the organisation works, what its principal objectives are and the overall fiscal health of the organisation. And of course, a business plan plays a pivotal role if and when organisations plan to seek external funding for future capital expenses – whether its for lenders or investors or even for applying for government grants.
A nonprofit business plan is very much similar to a standard business plan and includes many of the same sections. It is specifically designed to help future directors of these nonprofit organisations better understand their new organisation, establish their mission statement and get the financing they need to begin helping their target audience. There are several elements in this type of business plan that differ from a standard for-profit business plan. Some of these aspects are:
The above elements are vital to ensuring the smooth functioning of a non-profit organisation.
We have been working hand-in-hand with many non-profit organisations from around the globe for the last ten years, and our work has helped them raise more than $20mn in capital. We specialise in creating feasible financial plans for these organisations that help them budget their expectations in a realistic manner
We appreciate the work that our clients are doing and want to contribute towards their cause. We offer our expert services at subsidised rates for all our nonprofit clients.
Our service is affordable compared to others but superior in terms of customer service. We assign a dedicated Stellar consultant to your business plan who always remains in contact with you for the entirety of the project. All our business plans come with three complimentary consultations that you can avail any time
Identifying the target market of your business is one of the most important aspects of a business plan. What’s more important is quantifying how big that market is. We resort to credible (some of which are paid) market databases and sources to gather reliable information about your target market, typical customer profile and industry trends. We include a detailed TAM, SAM and SOM analysis and comprehensive comparative analysis. We also look at industry benchmarks while building your financial model to demonstrate a correlation with industry performance.
If you already have a business plan and pitch deck that you just want reviewed by a fresh pair of eyes, then you’ve come to the right place because we have seen it all. You can now book an intensive one-to-one teardown session with one of our expert Consultants starting at just $300!
The critique session with our consultant will include a review of:
