
Some people may say that business plans are a thing of the past--outdated, unnecessary, and a waste of time. Other nonprofits consider business plans something to create just for the sake of donors who demand it.
These opinions could not be further from the truth! Even for the modern nonprofit, a business plan can be an invaluable tool to help you maintain a strong purpose statement and clear messaging. Nonprofits who don't have a purpose statement often have a hard time getting loans, grants, or even corporate donors. Business plans can also help you attract quality board members.
Needless to say, business plans are definitely not a thing of the past and shouldn't be glossed over. Still, it can feel daunting or be challenging to know exactly how to write an effective nonprofit business plan. Have no fear! This blog will walk you through the basic steps to creating your own helpful business plan for your nonprofit.