Three Things to Include In Your Nonprofit Business Plan

Three Things to Include In Your Nonprofit Business Plan

Are you starting a nonprofit or wanting to take your organization to the next level? That’s great! As you are putting the final touches on your new endeavor, it’s essential to consider creating a business plan you can use as a foundation to your organization’s development. Business plans are useful because they show that you are committed to your cause, serious about launching an organization that can help the community, and, ultimately, taking legitimate steps towards your goals. With a business plan, your stakeholders and future funders will see that you are serious about making sustainable change in your community, and that will instantly set you apart from other organizations at your level.

We’ve created the Nonprofit Business Plan Template to help your nonprofit develop its own document. The template is an easy-to-use, fill-in-the-blank asset that you can fully customize. It is intended to be a starting point for your business plan, and the sky’s the limit with what you can include in it to make it your own.

And while different types of organizations need to include different types of content, we’ve called out three crucial sections that every nonprofit business plan needs. Read below to see what these sections are and why they are important to include. And while you’re reading, start thinking of ways you can use these sections to highlight your organization.

Executive Summary

The executive summary of your business plan is, of course, the summary of the contents contained in the document. It is a comprehensive section that details everything your reader will see in your business plan, so it’s important to be as thorough as possible when you write it. But, one important thing to remember is to always write your executive summary last. It may seem weird, but it will actually help you out more in the long run. Instead of writing the summary and then making your data fit into it, you can provide as much information as possible in your plan and then circle back to summarize it all. Think about it this way – you can’t summarize something that hasn’t been written.

Market Research

Documenting the market research you’ve conducted is one of the most important things you will do as you start and grow your nonprofit. Your research will show you how relevant your chosen issue is in your community, how many nonprofits are tackling the same issue you are, and if your organization will benefit the community. It’s important to conduct this research as soon as you start seriously considering launching a nonprofit and taking it to the next level. Be thorough with your research and draw fair conclusions from your findings. When you’re documenting the results of your research in your business plan, make sure you list every piece of relevant data you have and be thorough. The more you and your stakeholders know, the better foundation you can build for your organization.

Action Items

This is the last area of your business plan, but it’s just as important as each of the previous sections. This is a place to list any outstanding items that you are planning to accomplish. Rome wasn’t built in a day – and that also applies here. You don’t need to have everything done to open your doors. If you have enough to start delivering service, some things can wait. But, it is important to show that even though you don’t have specific action items accomplished by the time your business plan is finalized, you are committed to accomplishing them and have a plan of action in place to do so.

Starting and growing a nonprofit can be daunting, so it’s important to have comprehensive tools at your disposal to help that process flow more easily. Download the business plan template today to start and grow your nonprofit in the best way possible!