A nonprofit business is a great way of serving society. It also helps you in channeling your energies towards helping people.
Hence, nonprofits are an essential part of our society. No matter what cause they stand for.
And though gaining profits through the business isn’t the organization’s function, it still needs to be managed well and organized properly.
A business plan can do just that for your organization.
A plan can help you fulfill your cause in a hassle-free and less chaotic way. Read on to find out how.
Why do you need a nonprofit business plan?
Although profit is not the purpose of your organization, it still needs to manage its finances to stay afloat. You still need to plan what you’ll do with your funds to solve maximum problems.
You’ll still need to figure out the functioning of your team. You’ll have to plan your daily activities to be productive, and set goals to have something tangible to work upon.
A business plan will help you with all of the above and more. Hence, a business plan is essential even if you are not a for-profit entity.
So, if the above idea sounds right, read on to find out how to write a business plan.
Nonprofit business plan template outline
This is the standard nonprofit business plan template outline which will cover all important sections that you should include in your business plan.
- Executive Summary
- Organization summary
- Marketing Strategy
- Fund request and its utilization
- Founding Members
- Products, Programs, and Services
- Customer and Market Analysis
- Marketing Plan
- Operational Plan
- Team Members
- Management Team
- Advisory Board
- Impact of a Nonprofit
- Personnel and Operating Expenses
- CashFlow Statement
After getting started with upmetrics, you can copy this nonprofit business plan template into your business plan and modify the required information and download your nonprofit business plan pdf and doc file. It's the fastest and easiest way to start writing your business plan.
How to write a nonprofit business plan?
Writing a plan for a nonprofit isn’t much different than writing one for a traditional business.
Although it does have some special sections, it can be incorporated into a traditional plan’s structure.
You can easily write a nonprofit business plan with the help of a predesigned template or an online business plan software that will help you write a customizable business plan at any place and at any time.
Apart from that, several areas help you create a well-rounded nonprofit plan. The major ones are discussed in the next section.
What to include in a nonprofit business plan?
A nonprofit organization’s plan would consist of the following sections:
1. Executive Summary
The executive summary section is one of the most important aspects of any business plan. Because if written properly, it can help you in getting funded.
This section sums up all that your business stands for. If you want to explain your business idea to an outsider in under 10 minutes, an executive summary can help you do that.
It mainly consists of your vision and mission statement, organization summary, and funding requirements.
As a nonprofit organization, you’ll need funding to carry out your activities, hence make sure you write a good executive summary.
2. Programs and services
This section would consist of the programs and services you’ll carry out to propagate and fulfill your mission as an organization.
Include how your cause is beneficial for society. And how you plan on fulfilling it.
For example, if your organization works for the upliftment of underprivileged women, mention how you will do it.
3. Market Analysis
Carrying out a market analysis can help you understand what you are getting yourself into.
If we continue the above example, you are a nonprofit organization helping women. Before you start, you’ll have to analyze the situation of women in your region.
How can you help them? How would you reach out to them?
Moreover, based on their condition, how can they reach out to you for help?
4. Marketing Plan
Even as a nonprofit organization, people need to know about the services you offer for reaching out to you. A marketing plan would help you in doing just that.
In this section write everything about your outreach program.
Usually, nonprofits reach out to their target audience through a combination of traditional advertising, websites, social media, and blogs.
In your outreach program make sure you clearly mention your helpline number and the services you offer.
5. Operational Plan
An operational plan would include how your organization would function and what do you plan on achieving with it.
As a nonprofit, include the programs and campaigns you’ll carry out. Also, mention their frequency and what you plan on achieving with those activities.
An operational plan takes the chaos out of your business’s functioning. It also helps you get tangible outcomes through your hard work.
6. Impact of a nonprofit
This section would include the goals and objectives of your organization.
For example, if your goal is to help 100 women in your locality, how do you plan on fulfilling it? And what purpose would be accomplished through your help?
This section will help you understand the impact your organization is creating on people and society.
7. Financial Plan
Planning your finances in the early stages can save you from a lot of troubles later on.
Also, as a nonprofit organization, planning your finances is crucial to keep your work going. In this section, include everything ranging from your funding requirements and what resources you have for getting the same.
Also, it is important to plan how you will use your financial resources to fulfill your purpose to the fullest.
Nonprofit business plan summary
In conclusion, a nonprofit business plan is crucial for fulfilling your cause and succeeding as an organization.
A plan can save you from having chaotic finances and a badly managed organization.
All in all, it can save you from working for a lost cause.
Customize your Business Plan
All businesses are different. So, don't hesitate to customize your business plan according to your requirements. Even though our sample business plans aim to help you create the perfect presentation for your clients and investors, it is finally up to you to decide how you're going to present your ideas in the best light.
Business Plan Software
Our upmetrics business plan software can help you to customize your business plan and provides you a step-by-step guide to write your business plan. You can save your plan online and update it any time, or download it as a PDF or DOC file. You can share business plan online with investors or any other important person with upmetrics easily.