How To Write A Nonprofit Business Plan

How To Write A Nonprofit Business Plan-79
You control how much access you give guests to The Live Plan financial Dashboard is a great tool for tracking for financial goals as they relate to fundraising and generating program funds, and comparing them against the reality of what you’ve raised and spent.It has many practical applications for nonprofit use, not the least of which is a clear visual on how much of your income is being spent on programs and services, versus what you’re spending on administrative costs or overhead.

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Reviewing lengthy, printed budgets full of individual items in tiny text can be a distraction during meetings.

It can derail what should be macro-level conversations with side tangents around unimportant details—things that are best managed by your team on the ground, rather than by consensus in a board meeting.

The template also includes a chapter to describe your fundraising plan, rather than sales plan, and a chapter to provide an overview of your the demographic your organization serves, rather than the traditional for-profit market analysis.

Live Plan makes it easy to add “partners” (members of your nonprofit leadership team and board of trustees) that could benefit from login access to your plan.

Even after you and your team have thought through and agreed on an initial budget, you’ll need to take it to your board of trustees for final approval.

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Then, throughout the year, you’ll probably update your trustees on your financial progress.Even when your goal isn’t to increase profits, you still need to be able to run a fiscally healthy, mission-driven organization.This means that you can use it as a real-time financial dashboard (more on that later), so you’re never left wondering where you stand.In summary, Live Plan can help you streamline your strategic planning and financial management.It makes it easier to provide your board of trustees and other supporters with the right level of transparency and easy to read and understand financial documents.When you want your nonprofit to match your vision, business plans are key to making that a reality.Creating a business plan helps bring your ideas to life and communicates to key stakeholders how you intend to run the organization.Live Plan gives you a tool for giving them the right amount of access—it’s user-friendly and straightforward.With Live Plan, you can group areas of your budget together, show expenses by month and by year, and then give the board members Live Plan “guest passes” so they can review your budget right in the software at their leisure and, if they need to, leave questions or comments.If you can see how things are shaking out financially, you can easily and quickly make adjustments as you go.This type of data is critical to nonprofits since the percentage of an organization’s money that actually goes to its programs and services is public knowledge through your form 990 filing—manage your reputation and your agency’s focus before it’s time to file.

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