But while there are vast resources available to help tackle the task, most books, websites, and templates take a generic approach in helping entrepreneurs transcribe their visions onto paper. The truth is, however, that writing a generic business plan won't do you much good. What you need to create is a business plan that is tailored to the challenges and opportunities that exist specifically for your business.
They are non-profit organizations, supported by donations and relying heavily on volunteer workers, but they must be run like a business to get and use money for operations.
A food bank needs a business plan for that. Provide Executive Summary A food bank business plan is a sort of road map, explaining where the organization is now, where it wants to go and how it intends to get there. It should start with an executive summary which outlines the basics of the plan, spelled out in detailed sections.
This should be sort of an overview of the food bank. Explain Services and Clients A business plan should explain the type of services a food bank provides and the clients it serves and explain how those relate to the total operation.
It should explain any differences among clients and how distributions or services might be improved. It should include feedback from clients on changes they would like or new services they need.
Identify the Organization Structure The business plan should define the principals, both operating administrators and community partners, and identify specific assets, such as experienced personnel, continuing donors and supporters.
It should outline any prospective changes, like a new administrator or major donor, or potential loss of support from government or donors. Provide Marketing Information A food bank business plan should include a marketing plan that describes how the organization will develop new sources for donated food and create additional income from new donors, as well as how to spread the word to local food pantries or kitchens.
The plan should include goals for expansion or improvement and methods, such as fund drives, by which these goals are to be attained. Give Financial Data A business plan needs a good analysis of finances, a record of assets and liabilities and identification of specific needs or potential problems, such as the loss of a major donor in the event a supermarket chain leaves the market.
It needs to provide a record of donors and identify potential for new donors or other sources of income and clearly explain reasons for any projected increase or decline. Explain Strengths and Weaknesses A good business plan will identify both strengths and weaknesses of the organization, with specific steps to maintain or improve its function.
It should reflect how well the food bank has done in meeting its previous targets, explain any failures and say what steps have been taken to prevent repetitions. A business plan needs to be an honest assessment.How to Write a Marketing Plan for a Bank by Sophia Lopen - Updated September 26, According to the Federal Deposit Insurance Corporation, the United States has more than 7, financial institutions as of Market research is time-consuming but is an important step in affording your business plan validity.
If you don't have the time or the research skills to thoroughly define your target market yourself, hiring a person or firm to do the market research for you can be a wise investment. Bank loan applications can be almost as long and complete as a full-fledged business plan.
Plans and loan applications aren’t interchangeable, however. A banker may not be interested in your. John B. Gordon, Executive Director: John has worked in marketing, business development, and corporate strategy for a number of small and large firms, including EMC Corporation, IBM Corporation, and Larscom, Incorporated/5(68).
A well written business plan helps explain to others what you are doing, and clarifies the business opportunity in your mind. The act of writing down what you want to do, and how you intend to do it, is a key starting point to achieving your business goals.
Since bank marketing follows a certain cycle (Here is our data on the best times to market bank products),as an added benefit, you can link to our marketing schedule here and put this in the back of your plan as an appendix: Get Our Marketing Scheduling Template.