To successfully start a nonprofit, you must do strategic research and planning….just like an entrepreneur would looking to enter a market.
The less you can say “I wish I would have known that” the better.
Unfortunately, nearly half of all nonprofits are set up to fail from the start because they don’t put enough time into research and planning.
But this shouldn’t scare you, it should guide you. These statistics are literally telling you what you need to do to garner the support necessary to make your mission a reality.
The importance of research and planning cannot be understated and it’s truly one of the main differentiators between nonprofit organizations making a real difference in the world, and those wishing they were.
A great example of this is our one of our customers, Book Trust, a national nonprofit that experienced 42% growth over the past year. Watch our interview with CEO Amy Friedman and learn the key growth strategies and mindset that led to this success.
You’ll inevitably experience challenges when starting your nonprofit, and it would be unrealistic to say that you could know everything before you start. That’s where the action comes in. Taking action is some of the best learning you can do and leads to the new levels of insight and growth.
That said, you want to eliminate as many problems as possible before you start so instead of wasting your time and energy worrying about unnecessary things, you’re executing on an intelligent plan that adds value to your community.
Do yourself a favor and put in quality time and effort into answering these questions. They’ll help get you started on the right path to running a successful nonprofit and making a real difference in your community.
Cheers to your mission,
Jacqui Long | Yippiekiyay