Not-For-Profit Business Plan
Thursday June 26, 2014
Not-For-Profit organizations have a very different set of requirements and needs. In order to determine a business plan for the Bishop Molloy Retreat Home we first will need to summarize the general mission of the Ministry, discuss the products/services that the retreat provides, the strategy, operations, and finally overlook the financials of the business.
A Not-For-Profit organization is a business that does not earn profits for owners. Any money that is earned or donated to the business is used to meet the organizations mission and goals. Often time’s Not-For-Profit businesses are exempt from taxes because they usually consist of charities, churches, and other types of public services provided to the community. (Investopedia.com) Often times the public expects to be able to make donations t...