Question
Help! Develop a business plan for this non-profit organization! Case: You plan to launch Financial Literacy Non-Profit Organization , a club that will target high
Help! Develop a business plan for this non-profit organization!
Case: You plan to launch Financial Literacy Non-Profit Organization, a club that will target high school students, providing a safe and fun environment where they can learn about finances such as budgeting, taxes, financial planning, and investing.
A) Describe the Ownership & Structure
Tips: Use this area to specify who owns your company. If there are multiple owners, describe each of them and how much of an ownership stake they have. Also, identify your companys legal structure. Is it a sole proprietorship that is, just you working for yourself? Or a partnership, such as a limited liability company (LLC) or partnership (LLP), where the profits pass through to the partners involved? Or a nonprofit organization? Or a proper S- or C-type corporation with its own tax obligations and the rest?
If you are just getting started on your business and are not familiar with these options, searching online for "business structures" should provide plenty of background reading on the pros and cons of the various options.
Ideas:
-Board of directors
-Group member/curriculum builder
-curriculum development
-marketing
-Onsite leader
-in charge of logistics, enrollment
-Teachers - front lines (1-2 teachers/assistants)
-support staff (accounting/legal- group member for now)
-Mentor students - assisting
-Students
B) Describe the Management Team
Tips: List the members of the management team, including yourself. Describe each persons skills and experience and what they will be doing for the company. How do they make your team stronger? Do they have specific expertise in your industry or subject matter? Do they have experience starting or managing other small businesses? Use this space to really emphasize the strengths of yourself and your team. Assuming you have identified a great market opportunity, why are you the right ones to capitalize on it?
If you are a sole proprietor or otherwise working by yourself, just focus on your own skills, experience, and past successes. You may want to rename this section to avoid the "team" language.
Ideas:
-Board of directors (3-5 people, plus any group members wanting to stay involved)
-teachers/counselors/volunteers - depending on school & enrollment rates
-support staff (group member for now)
C) Describe the Advisors
Tips: Describe any mentors, investors, former professors, industry or subject-matter experts, knowledgeable friends or family members, small-business counselors, or others who can help you as a business owner. If you have an important question or a new business challenge, who will you turn to for advice? What makes them a good resource for you and your company?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started