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If you’re currently serving children ages two to four, do you want to expand to ages five to 12?Use this section to talk about your long-term goals.
If your clients pay less for your service than it costs to run the program, how will you make up the difference?
Use this section to talk about how you’ll work with other organizations.
You’ll definitely need a formal business plan if you plan to seek outside funding for capital expenses—it’s required by lenders.
Creating the business plan for your organization can be a great way to get your management team or board to connect over your vision, goals, and trajectory.
Before you secure funding, you want to make sure there’s actually a need for what you’re offering.nonprofits too.
You’re competing with other nonprofits for donor attention and support, and you’re competing with other organizations serving your target population.
For children ages five to 12 (target market) who are struggling with reading (their need), Tutors Changing Lives (your organization or program name) helps them get up to grade level reading through an once a week class (your solution).
Talk about how your program is funded, and whether the costs your clients pay are the same for everyone, or based on income level, or something else.
In a for-profit business plan, this section would be about marketing and sales strategies.
For nonprofits, in this section, you’re going to talk about how you’re going to reach your target funding sources (donors, foundations) and how you’re going to reach your target client population.