Lesson 2 – What are the steps to create a strategic financial plan?

Without ongoing, sustainable revenue, your nonprofit will not survive. Creating a strategic financial plan is the key to achieving your goals.

Below are the steps to take to create a strategic plan:

  • Define your organization’s purpose and how it impacts your constituents.
  • Define the problem your organization solves and then ask for support.
  • Build mutually-benefitting partnerships with similar organizations.
  • Develop strategies for cultivating and maintaining partnership relationships.
  • Develop diversified revenue strategies to ensure continuous income.