If you are creating a business a homeless shelter, it is likely that you will require a business plan at some point to provide the bank or apply for grants. Pro Business Plans has extensive experience working with homeless shelters to prepare professional business plans that have successfully been funded. This article provides information about what is included in a homeless shelter business plan and how it is structured.
If you are creating a homeless shelter, there are many things that you will need to consider that will be weighted into the decision to support the shelter. Such factors include an analysis of the regional homeless population and current options available to them, the budget of the facility, and background of the management team. The operations strategy will also play an important role, as some homeless shelter include a rehabilitation program that is designed to eradicate substance drug abuse and increase employment. These unique elements associated with communicating these points are provided in more detail within the subsequent sections.
The business model section of a homeless shelter consists of the unique structure of your shelter and comprehensive services that it provides. The unique program structure will help to position it relative to other shelters that are competing for grants and community support. Therefore, it is important to structure it in such a way that it appears feasible and will benefit the community. There are several factors that will contribute to this including the overall support system, full set of services provided, and any additional community outreach. Keep in mind who you are appealing to when presenting the business model, as some programs may be focused on drug rehabilitation or combating unemployment.
If you are appealing to specific grants for the homeless shelter, it may be beneficial to structure the grants in a way that focus on each program. For instance, you may be applying to a grant that focuses on community development. In this case, it would help to demonstrate how your grant proposal will positively impact the community as a whole. If the grant is for substance abuse rehabilitation, it may help to emphasize the impact of homeless shelters for combating drug and alcohol abuse. Each grant proposal will need to be slightly adjusted in order to focus on how your specific project applies to the grant that you are targeting.
If you are requesting money from the bank, financial statements are likely to be a standard requirement. However, grant programs will also want to see how the money will be allocated. In many cases, grants have specific requirements about what the money is to be used for and this should be communicated.
An accurate and well prepared financial model can increase confidence in your competency and probability of getting financed. In many cases, we suggest preparing a three to five-year period of financial statements consisting of an income statement, cash flow forecast, and balance sheet. The best approach to performing this analysis is to review the comparable budget of similar homeless shelters, which will be applied as a basis for your forecasts.
Regardless if you are opening a new business, or expanding an existing one, having a business plan can help you to make more informed decisions and manage your money. It is also required by many lenders as part of your loan application.
This business plan template is updated annually to reflect the most up-to-date information on how to create a profitable operation. It was created by Chase Hughes, our CEO, and has evolved over hundreds of client engagements over the past 10+ years to become the backbone of operations and management for 1,000s of entrepreneurs.
Project future revenues using real industry data
Fully-compatible with Microsoft Excel and Word.
Critical information for operating and running the business.
Annually updated market research specific to your market.
A Business Plan is a description of the business, market, and expected financials. Plans may be used to increase sales and profitability, outperform competitors, and used to obtain bank loans or investor funding.
For startup founders and small business owners, the Business Plan is a fundamental resource for managing the business and making educated business decisions about the company’s future.
There’s no need to reinvent the wheel, though. There’s a standardized set of information and variables for most small businesses including the financial model, market research, and basic business overview that most executives are familiarized with.
Summary of what it does, how it operates, key staffing and operations procedures, risk & success factors, and management team bios.
Third-party information on the market size, key trends, growth rates, and competition both overall and for a specified region.
Complete financial projections including Revenue, Cost of Goods Sold, and Operating Expenses to produce Profit & Loss statement, Cash Flow statement, and Balance Sheet.
Comprehensive plan including market launch, social media, promotional strategies, pricing strategy, and web presence.
This is a functional model you can use to create your own formulas and project your potential business growth. Instructions will be included on the front page.
