Many non-profit 501(c)(3) organizations need a quality business plan to submit with grant applications. These business plans must be professionally completed, as they are competing for the attention of grant providers and prospective strategic partners. Therefore, we encourage you to create a very professional business plan for non-profit. Pro Business Plans has worked with over 100 non-profit organizations to develop outstanding business plans that have consistently raised capital.
There are several factors that play into development of a quality business plan for non-profits. Unlike profit seeking companies, the wealth generated by a non-profit is measured by significant social impact. An organization that has a philanthropic cause and lean operating model to maximize the amount of social change is most likely to acquire grant support and strategic partnerships.
The social impact of a company is an extremely important factors when contemplating what non-profit to support. Some grants only support a specific social cause, so a quality business plan will effectively communicate the positive change from this social impact.
The structure of a non-profit organization is also important, as some may have high overhead that translates into very little actually going to the social cause. If the management has several layers of hierarchy, then the cost of management will be greater and any donations or grants will be packaged into salaries. Having a lean operations structure is communicated by the financial model.
The management team for a non-profit should be focused around demonstrating their prior experience in the non-profit sector and qualifications for managing a 501(c)(3) organization. The biggest area we have seen lacking in a non-profit business plan is a lack of description of the management team, which often comes from the modesty of the executives, but can harm its grant acquisition prospects.
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