Writing a business plan is a major undertaking. One of the most common questions they ask us is:. Your nonprofit business plan will define your goals and help you attract experienced board members, employees and donors. It must be concise and contain a clear and compelling statement of your mission.
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A charity is a type of business. Most charities even incorporate before applying for tax-exempt status from the IRS. Although there are significant differences between a for-profit organization and a nonprofit , many of the same rules apply. And nonprofits need comprehensive planning just as much as a business, perhaps more.
Starting and growing your organization is a lot easier when you have a Nonprofit Business Plan. Unfortunately, many founders or leaders skip creating one — which generally leads to fundraising frustrations and stalled services, among other problems. Passion and enthusiasm can only get you so far. Without a guide or roadmap to get you where you want to go, you can spend a lot of time floundering. Your Nonprofit Business Plan helps you figure out the direction for your nonprofit, the resources you need, and the shortest path to success.