Standing Beside Alaska's Non-Profits

Management

Business Planning for Nonprofits

October 26, 2017
1:00 PM - 5:00 PM

Not too long ago, nonprofits did not commonly write business plans.  Fortunately, that trend is changing, and The Foraker Group strongly encourages every organization to draft a business plan in conjunction with their strategic plans.  Both are critical guides for nonprofits seeking to become sustainable.  The benefits of the business plan include:   

  • Creating an overall planning process to implement the strategic direction
  • Addressing how specific programs contribute to the financial health of the organization
  • Identifying where funding strengths can help mitigate weaknesses
  • Analyzing the marketplace and determining the organization's best position based on its unique values

In this workshop you will learn:

  • What a business plan is and how it fits into the overall planning process for your organization
  • Why organizations need to write business plans
  • How business planning in the nonprofit sector differs from business planning in the for-profit sector, and how the process is similar
  • The background thinking that needs to go into developing a business plan
  • The basic elements of an effective business plan for a nonprofit
  • How to gather the information you need for a business plan
  • How to write an effective plan

When you have completed this class, you will know how to start your business plan and how you can use it to enhance all parts of your organization's management, including your relationship with funders.

 


Location:
Food Bank
725-26th Avenue
Fairbanks, AK 99701
Host:
Mike Walsh and Chellie Skoog  
Mike Walsh, MPA, Ph.D Vice President/Director of Public Policy, The Foraker Group Mike has lived in Alaska for 30 years, most of that time in Fairbanks. He holds a PhD in Public Policy and Public Administration from Purdue University, an MA in Public Administration from the University of North Texas, and a BA from the University of Alaska Fairbanks. Mike served in the administration of Governor Tony Knowles as deputy director of the governor?s Fairbanks office. He has worked extensively with local nonprofit boards and agencies on a wide range of policy and management issues. He is a past president of and currently serves on the board for the Fairbanks Community Food Bank and is board president for Dance Theatre Fairbanks. His work with Foraker focuses on strategic planning, business planning, mergers and collaborations and board training Chellie Skoog Lead Capacity Builder , The Foraker Group Chellie has over 20 years of management and accounting experience. Originally from Minnesota, she entered the nonprofit arena and Alaska simultaneously in 2001. Since that time, she has worked with nonprofit organizations ranging in size from 4 to 400+ employees. Her career includes experience in volunteer management, fundraising and project management. She is a recent graduate of the 2014 cohort of Leadership Anchorage and the 2015 cohort of the Catalyst for Nonprofit Excellence Program. She is an active member of her community recently leading initiatives to build the Seward Community Playground, to launch the Seward Community Foundation, an affiliate of the Alaska Community Foundation and to raise funds to construct the Seward Community Library Museum. When not working, Chellie spends her time with her family exploring the great outdoors.


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