Wednesday, January 20, 2010

Note to Nonprofits -- to Translate For-Profit Plans to Nonprofit Plans

For-profit and nonprofit business plans are very similar. (Nonprofits have "sales", "markets", "competitors", etc, too.) Therefore, nonprofit personnel would benefit from reading the links in the section "For-Profit Business Planning". When reading about for-profit business plans:1. Substitute "balance sheet" for "statement of financial position"2. Substitute "profit and loss statement" for "statement of financial activities". 3. Substitute "customer" for "client"4. Substitute "investor" for "funder"5. Substitute "product" for "program" or "services"

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