Subscribe to our newsletter. If you're starting a new nonprofit organization or a new program, you should develop a business plan. Business plans are maps in a sense. They plot out the journey you need to follow to get to your final goal. The process of creating a plan can also point out false assumptions and, perhaps, point out why your idea may not be successful.
Business plans are also the way to funding.
Not really, although they share some attributes. For example, both business and strategic plans should share some assessment of the need for the program. Nonprofit organizations sometimes suffer from narrow vision. We assume without evidence. We sometimes believe in an idea or concept without first testing it properly.