Not for Profit Organization Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Not for Profit Organization Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Not for Profit Organization business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
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Not-for-profit organizations are difficult organizations to start given that people have to provide the initial funding for them to provide services to the general public. Unlike a for-profit business, a not-for-profit organization is required generally to receive ongoing donation revenue, grant funding, and specialized government funding in order to continue their operations. During times of economic recession, most of not-for-profit organizations do you have a substantial issues with their revenues given that giving to a not-for-profit is considered a luxury by all standards. Additionally, the barriers to entry for any new charitable organization are very high. This is due to the fact that there are ongoing filing requirements that must be given to state officials as well as the Internal Revenue Service. As such, most people that start a not-for-profit organization generally do so in conjunction with a local religious organization. Most not-for-profit start on a local level before expanding.
A not-for-profit organization business plan is written very differently than that of a for-profit organization. Of course, there are similarities as it relates to the financial statements. Most importantly, a not-for-profit entity needs to keep a close watch on its underlying expenses given that revenue can be sporadic and unpredictable. This business plan should have a profit and loss statement, cash analysis, balance sheet, business ratios page, as well as a breakeven analysis. Special attention should be paid to the breakeven analysis given, again given revenues can be highly varied on a month-to-month and quarter to quarter basis.
A not-for-profit organization marketing plan is also very complex document that needs to be drafted with careful consideration. This is primarily due to the fact that a significant portion of the revenues will be spent on marketing activities as well as for fundraising activities. Most importantly, it should be noted that most establish not-for-profit organizations to partner with an advertising agency or marketing firm in order to properly position their charitable message to the general public. This can be a substantial expense for a new organization.
A SWOT analysis can be done for a not-for-profit organization. Generally, when you’re doing this type analysis special attention should be a paid to weaknesses and threats given that these organizations are highly subject to fluctuations in the economy.
If you are thinking about starting a not-for-profit organization, you really need to figure out whether the organization will be heavily dedicated to the mission of the foundation and that it is economically feasible to launch this type of entity. Most not-for-profit site get started go out of business pretty much within the first five years given the ongoing funding and reporting requirements of these corporate entities.