A Piece of My View About Business Planning

moneygolddiamond - I'm not an expert, so I think it's better to share a good article about it than try to explain myself.

Business planning is a topic for capacity builders and nonprofit organization leaders alike. but when a business has a distinct earned income venture, this planning comes up for the purpose to generate profits for nonprofit activity, providing workforce training and placement, a business incubator, or housing and economic development, etc. There is lack of attention that seems to be focused on applying principles of sound business planning for the nonprofit as a whole.

As a matter of fact, nonprofit organizations are accepted as social enterprises in their own right, so the use of a business planning as part of their social respons is unavoidable. Any profit must be reinvested for the organization’s purposes, and not distributed to shareholders. Eventhough, most of them do not identify their main work as a business, nor do they set up product lines and services with the main intention of bringing in revenue. Even so, many nonprofits are fee-based, donation or grant-based providers of services and products. They carry on important work (such as human services, consulting or training, community organizing, policy research and reports, publishing), which they are able to offer based on what individual constituents, clients, funders, contracting agencies, or other supporters will pay to support their efforts.



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