Even if you’re program is the only one in your area serving your target population, you still have competition.
Think about what your prospective clients were doing about their problem (the one your organization is solving) before you came on this scene.
Using your business plan as a living document—a tool that’s reviewed and updated regularly—for tracking financials and monitor project-based and funding milestones can make that process more streamlined.
It can also help you court major donors who will probably be interested in having a deeper understanding of how your organization works and your fiscal health and accountability.
Lay out some of the nuts and bolts about what makes it great.
Your nonprofit probably changes lives, changes your community, or maybe even changes the world. Now that you’ve laid out the problem that your organization solves and how you’re going about it, now it’s time to think about funding.
Good business planning is about management, accountability, tracking performance metrics, and improving over time.
Even when your goal isn’t to increase profits, you still need to be able to run a fiscally healthy organization.
Maybe you need to use a room in the local public library to run your program for the first year.
Maybe your organization provides mental health counselors in local schools, so you partner with your school district.