A business plan is essential for a non-profit or charity organization.
While non-profit business plans differ from for-profit business plans,
they are equally important.
Running a non-profit or charity organization is very different from running
a for-profit business. Rules and regulations for U.S. non-profits and
charities are strict at both state and Federal levels. You must
be aware of the laws that govern a non-profit organization,
not-for-profit business or tax-exempt charity before embarking upon
such an undertaking, whether you intend to run a charitable, consumer
assistance, philanthropic, research or other non-profit organization.
Additionally, if you intend to provide goods or services under government
contract, as many non-profits do, you and your staff will need to be
intimately familiar with the regulations and requirements governing such
contracts.
Since many non-profit organizations depend, at least in part, upon donations
to cover operating expenses, management and staffing issues are often
quite different than in a for-profit business. While most often
referred to as non-profit organizations or non-profit
agencies, it is best to keep firmly in mind that a non-profit entity
is first and foremost a business, and must be operated as a
business, if you want it to be viable and successful. To this end, it
is absolutely essential to create a business plan specifically tailored to
the requirements of non-profit organizations.
We link to articles that provide excellent insights into the advantages and
disadvantages of forming a non-profit corporation and provide guidelines
for creating a non-profit business plan. We have also included a link
to a Sample Comprehensive Business Plan for a Non-Profit Organization
presented by Ceo Resource. This sample non-profit business
plan serves as an excellent example of business plan requirements for a
non-profit organization. To create a non-profit business plan, we highly
recommend
Business Plan Pro Social Enterprise Edition.
Registered non-profits receive a substantial discount.
Authored by Kenneth L. Anderson.
Original article published 29 December 2003, updated 5 November
2006.
Follow links to the right to learn more about business plans for non-profit and charity organizations.
At the left margin, Related Links address topics of interest
pertaining to business and business-related resources.
Our Business Center provides tools for small business proprietors and
business startups. We have amassed a collection of resources and
services that should be included in every entrepreneur’s arsenal.
Here you will find resources to help get your business off the ground,
finance it, make it grow, manage your own resources and maintain
a safe and beneficial environment for your employees. View the
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for a complete list of business and business-related topics.
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