"Nonprofit Business Development" is our term for a group of activities that fall within the broader field of social entrepreneurship. It involves combining the best practices of the nonprofit and for-profit sectors to simultaneously enhance a nonprofit's impact and financial sustainability through mission-related earned income activities.
Our process for nonprofit business development involves:
Recognizing that your organization's vision, mission and strategic goals represent the purpose and context for your business development.
Gaining a better understanding of the motivations and support for doing business development, both within your organization and in your community.
Identifying the major assets and capabilities that your organization has to invest in its business development.
Identifying your best mission-related earned income opportunities.
Researching each of your opportunities for feasibility and selecting the most appropriate ones to develop.
Developing realistic business plans for each of your selected opportunities.
Implementing your business plans, including adjusting them as necessary.
Nonprofit Business Development can take three primary forms:
Enhancing the impact and financial sustainability of a nonprofit's "in-house" programs,
Creating freestanding mission-centered enterprises, and
Forming mutually-beneficial relationships with corporations.
We offer a range of services to help you to make informed decisions about if and how your organization should develop its own business activities. And we can help you develop and implement a customized action plan that will help you get to where you want to go in a way that works for you.