Join the Nonprofit Financial Commons for this webinar on business planning for nonprofits. In this session, participants will review basics like projecting capital needs, financial targets, the reliability and renewability of particular revenue mixes, and how to understand and work skillfully with the dual enterprise drivers of mission impact and revenue.The approach presented can be used either in a start-up endeavor or to review the prospects of an existing organization.
Steve Strang of Spectrum Nonprofit Services will lead this session. Core to Spectrum’s approach is an acknowledgment that business planning is never a one-and-done endeavor but an evolutionary process – a survival of the fitting – which requires a learnable set of disciplines and leadership capacities.
Among participant take-aways will be:
- The distinctions and overlaps between business planning, financial planning, and strategic planning;
- How to fairly present risks to nonprofit boards and backers;
- Disciplines that must be observed as the business is conceived and grows;
- Useful conceptual frameworks to analyze your model and explain it to stakeholders;
- Examples and explanations of linked planning and monitoring documents;