Regardless, your nonprofit needs a roadmap for the future so you can accomplish your goals and fulfill your mission. Lenders will want to see your Nonprofit Business Plan to get an idea of how well you’ve thought things through and to see what your revenue projections look like. You might also need to apply for a business loan at some point, especially if you want to buy a building or set up a thrift store. But a Nonprofit Business Plan is necessary to attract major donors, foundations, and Board members, and other potential partners. Your organization doesn’t exist to make money. If your nonprofit is already up and running, it helps you decide if the funding and opportunities for growth exist for your new or young nonprofit. In short, you can determine before you begin if your idea for a nonprofit is feasible. Your Nonprofit Business Plan helps you figure out the direction for your nonprofit, the resources you need, and the shortest path to success.įor new nonprofits, it helps you see if you can actually gather the support that you hope you can. No matter where your nonprofit is in its growth or what you’re trying to accomplish, a plan will help you reach your goals faster than if you were trying to operate without one.
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