Are business plans dead? Yes and no. A well-developed business plan creates a roadmap for your social sector or nonprofit venture and includes detailed analysis on your market, competitors, resource considerations, financials and risk mitigation plan. For the organization, it forces discipline around your venture story and reduces ambiguity. For the funder, it instills confidence that every detail has been considered. Yet not every business plan is equal. They can come in many formats depending on your needs and the audience – a pitch, a prospectus or a business model canvas. At Social Impact Architects, we have set a high standard building strong and sustainable business plans for social sector programs, organizations or social enterprises.
Suzanne (or Social Impact Architects) helped us take our business plan from good to an award-winning plan. Her expertise in scaling programs has truly been game-changing for Friends of the Children.
Read More on Business Planning
No longer regulated to the corporate world, business plans can help nonprofits build a case for support. Plus, they’re similar to grant proposals.
Sometimes the best recipes combine unexpected ingredients. In the social sector, combining business plans and strategic plans can be a powerful tool for success.
Nonprofit business plan top questions answered. Start simplifying the process and learn to write a nonprofit business plan.