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Business planning is every bit as applicable to voluntary and community organisations as it is to any other sector.
All organisations have to have clear plans to be able to operate in an increasingly competitive market with regard to funding and income generation.
A robust business plan is a road map for charting your progress from where you are now to where you want to be. Business planning is an essential process which enables an organisation to use its resources effectively and target what it has to bring about the greatest change.
A business plan may be used in many ways. It creates a shared vision and clarifies priorities and targets. You use it to review the work of your organisation. Externally, you can demonstrate good and efficient management and make the case for investment and funding.
LCVS can support you in developing your business plan through training or consultancy support.