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The webinar outlines what business planning is, what it is not, and the expectations leaders should hold, including liquidity management, financial understanding, funding support, and feedback systems. 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It includes analyzing the organization model, market, financial performance, risks, and setting metrics to track progress and adjust as needed.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How is nonprofit business planning different from strategic, development, and program planning?",{"text":114,"@type":110},"Strategic planning focuses on defining the mission and outlining the impact path, development planning targets fundraising and campaigns, and program planning details how the organization solves a community issue through services. Business planning ties these resource and activity decisions together around generating resources and achieving impact.",{"name":116,"@type":107,"acceptedAnswer":117},"What immediate actions are recommended when facing liquidity stress?",{"text":118,"@type":110},"The webinar recommends attending to liquidity by drawing down credit lines and reviewing bill payment timing and unnecessary spending. 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Attend to liquidity – draw down lines of credit, consider timing on bill payments, reconsider unnecessary spending, do a cash flow projection  \n2. Contact local foundations to advocate for unrestricted dollars to ease liquidity  \n3. Reach out to state and field networks to ensure you are connected to lines of communication and can be part of any advocacy actions planned  \n4. Reach out to your constituents to inform them of any ways they might be able to help  \n5. Let other nonprofits know of the effects the freeze is having and of what you are doing to respond  \n6. FLANK the organizations in your community that may be most at risk for the longer term  \nToday’s Presenters  \nSteve Strang  \nPractice Director at Spectrum Nonprofit Services  \nSteve Zimmerman  \nPrincipal at Spectrum Nonprofit Services  \nPoll Questions  \nWhich aspect of business planning do members find most challenging?  \n􀁘 Market Forces  \n􀁘 Associated Risks  \n􀁘 Financial Leadership  \n􀁘 Value Proposition  \nyour organization's  \nToday’s Agenda  \n􀁘 What is Business Planning?  \n􀁘 Team Members & Roles  \n􀁘 Our Case Study  \n􀁘 5 Elements of Business Planning  \n􀁘 Communication & Implementation  \n􀁘 Disciplines  \nBusiness Planning  \nWhat it is…..  \nBusiness planning is a process of defining how to generate and  \nallocate resources in pursuit of your specific mission & impact.  \nIt encompasses specific data and information, including analyzing your  \norganization model, understanding your market, reviewing financial performance, defining your risks, and  \nestablishing metrics to track progress   \nand adjust if needed. The resulting business plan, or completed business model, serves as a guide for the organization’s board and staff leadership.  \nA nonprofit business model is leadership’s thinking of how a set of activities work together to generate resources and achieve impact to accomplish the organization’s mission.  \nBusiness Planning  \nExpectations  \n􀁘 Planning may take months; change may take years!  \n􀁘 A deep understanding of your nonprofits finances is helpful.  \n􀁘 Do we have enough working capital to meet our needs today? Do we method of bridging funds between business model shifts as needed?  \n􀁘 Do we have a set of funders who trust us and will support us in this process? Will they support us with‘innovation’ capital?  \n􀁘 What is our method of feedback? Do we have a culture and system that can capture, digest, and adapt to change based on our results?  \nBusiness Planning  \nWhat it isn’t….what are you trying to accomplish?  \n􀁘 Strategic planning: Defining your mission and/or outlining your path for impact and mission delivery.  \n􀁘 Development planning: To raise funds from donors and foundations, run events, and schedule campaigns.  \n􀁘 Program planning: Outlining how to solve a specific issue in your community through a service your organization provides.  \nTeam Members  \nView of Business Planning is going to be different from each team members viewpoint.  \n􀁘  \n􀁘  \n􀁘  \n􀁘  \n􀁘  \nExecutive Director Director of Finance  \nDirector of Programs & Program Managers  \nDirector of Development Board of Directors","cbCaicB1vpEQ4DUO","https://ap.wps.com/l/cbCaicB1vpEQ4DUO","pdf",3349650,45,"English","# Emergency To Do List\n# Today’s Agenda\n## What is Business Planning?\n## Team Members & Roles\n## Our Case Study\n## 5 Elements of Business Planning\n## Communication & Implementation\n## Disciplines\n# Business Planning: What it is\n# Business Planning: Expectations\n# Business Planning: What it isn’t","[{\"question\":\"What does business planning mean for a nonprofit?\",\"answer\":\"Business planning is a process for defining how to generate and allocate resources to pursue the organization’s mission and impact. It includes analyzing the organization model, market, financial performance, risks, and setting metrics to track progress and adjust as needed.\"},{\"question\":\"How is nonprofit business planning different from strategic, development, and program planning?\",\"answer\":\"Strategic planning focuses on defining the mission and outlining the impact path, development planning targets fundraising and campaigns, and program planning details how the organization solves a community issue through services. Business planning ties these resource and activity decisions together around generating resources and achieving impact.\"},{\"question\":\"What immediate actions are recommended when facing liquidity stress?\",\"answer\":\"The webinar recommends attending to liquidity by drawing down credit lines and reviewing bill payment timing and unnecessary spending. It also includes contacting local foundations for unrestricted dollars, reaching out to state and field networks and constituents, sharing impacts on other nonprofits, and supporting at-risk community organizations.\"}]","True Business Planning for Nonprofits: A How to and What it Takes - Webinar Slides | PDF",1790093526]