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There’s simply no business without capital investment, and that’s even more true for nonprofits that rarely sell products. After all, without enough funding, it’s nearly impossible to get your business off the ground. One of the biggest reasons for writing a nonprofit business plan is to attract investment. A template will give your ideas direction and encourage you to put your strategic thinking cap on.

And that means you need to have a working business model. Although nonprofits are generally mission-driven, they’re still businesses.

If you’ve decided to start a nonprofit, you’re likely driven by passion and purpose. To get your nonprofit business plans in motion, templates can: Provide direction Why use a nonprofit business plan template? But what’s the point? Let’s dive into the benefits a business plan template offers nonprofits. The template also controls the general layout of the business plan, like recommended headings, sub-headings, and questions.

The overarching purpose of your nonprofit.It can even focus on financial gain - as long as it specifies how to use that excess for the greater good.Ī nonprofit business plan template includes fields that cover the foundational elements of a business plan, including: Get started with What is a nonprofit business plan template?Ī nonprofit business plan template is not that different from a regular, profit-oriented business plan template. To get you started, our versatile nonprofit business plan template is ready for you to download to turn your nonprofit dreams into a reality. In this article, we’ll look at why a business plan is important for nonprofit organizations and what details to include in your business plan. Even without a global pandemic, strategic planning is crucial for a nonprofit to succeed. Like any other business, a nonprofit needs to prepare for the unexpected. While it’s awesome that there are so many charitable orgs, unfortunately, many of them struggle to keep their doors open.Īccording to a study, the financial strain caused by the COVID-19 pandemic has put more than 1 in 3 US nonprofits in danger of closing within the next two years.

There are more than 1.7 million nonprofit organizations registered in the US. If you’re looking to start a new charity but don’t know where to start, a nonprofit business plan template can help.