You Must Have a PlanI believe the first step in the process (developing the business plan) is the most time consuming, but it is probably the most important step. Unfortunately, this is the step where most people take a shortcut. I believe it was Harvey MacKay who said, “If you fail to plan, you plan to fail”.
You may ask, what’s so important about writing a business plan when I have all of my ideas in my head? My answer: We usually have so many things on our minds, that it is difficult to keep track of everything. Plus, when you start writing your ideas on paper, you can begin to put the missing pieces together. Think of your plan as a road map to a successful business. If you do the research and you plan properly, your chance of succeeding will be greater.
So, step #1 when starting a nonprofit organization is to create a thorough business plan.