I resumed a master’s of business administration while the usual thing that people do is study international relations, gender studies, or working in emergency contexts. I was very keen on enhancing my managerial skills while working in nonprofits. If I go back, I will make the same decision as I believe this is how nonprofits should work towards the future. And it became more fun when the ecosystem started embracing the same mindset. I will tell you more about the different measures businesses can take to blend social impact with business. That’s not just it. We have a free (for now) nonprofit business pitch deck template for you. You can definitely use that to pitch your nonprofit idea to investors around the corner.
It’s true nonprofit businesses have been changing the way they do business with the same idea of trying to make the world a better place. Nonprofits are using business principles now more than ever to achieve their social impact goals and sustain their organizations.
Alright, let’s dig into this.
Why Mix Nonprofit With Business, anyway?
Adding business arms to nonprofit businesses is key to growing on so many levels. Sustainability is a keyword here.
But this is not just it.
Mixing nonprofit policies with how for-profit organizations do business significantly improves nonprofits’ visibility and structure. Following different business measures in your not-for-profit reduces your chances of closing funds, and donations disappear the following day. This gives you room to plan and innovate the right way you should, and you couldn’t because you lacked the resources. This applies to every part of your organization or foundation; you level up your hiring, operations, and programming, leading to a robust and sustainable business. And the good thing is the business is driving social impact, doing more good than harm while also being built on solid ground.
So, How Nonprofits Are Using Business?
Adding A Social Enterprise Aspect
I have been there, and I saw how this can do magic. I helped an NGO (non-governmental organization) open its own profit-making showroom in the heart of the busiest areas in the country. The showroom helped many marginalized, vulnerable women position their startup brands through a strong form of marketing. Of course, this required a lot of capital, but if you planned to do this with one of your current funding sources, I assure you that it will pay back.
Diversifying Revenu Streams
Add fee-based services, yes!
Provide high-quality activities and offer them to people who can pay. You will then use this return money to provide free-of-charge services and fund your other initiatives and programs. You can always host exciting workshops and events, offer membership services, or sell interesting and unique products.
Starting Strategic Partnerships
Partner with governments, corporations, companies, and important stakeholders. Everyone has a CSR arm now in their company, and this opens up room for conversation with your nonprofit organization at any point. These partnerships give you access to expertise and other resources too, not just funds.
Attracting Impact Investing (Last thing before the Nonprofit Business Pitch Deck Template I Promise)
I attended an impact investment initiative that brought all businesses, social enterprises, UN agencies, and many others in the same room. Impact investing can be a great way to sustain and grow your nonprofit business. Attract investments from companies who are interested in your mission and would want to see their money doing well. You just need to be clear about your goals, mission, and vision to be able to find your investors and pitch your nonprofit to them.
The Nonprofit Pitch Deck Template I Promised You
If this is your first time coming across Albusi’s professional services, let me tell you about the Real-Content Template (RCT) invention we provide to entrepreneurs.
RCTs are real-life examples (not just templates) that provide you with the main essential sections for your pitch deck or business plan. There are many downloadable examples available on the website. Sunshine is our related RCT to help you plan and pitch your nonprofit business. The template will give you an idea to write your elevator pitch, problem statement, the solutions that you are proposing, financial projections, and investment asks.
But remember the different models we talked about above to add the business arms to your nonprofit. I strongly advise you to add these to your nonprofit pitch deck.
In addition to this, the Albusi team can craft your one-of-a-kind nonprofit business pitch deck, and that’s another exceptional service to entrepreneurs that you can not miss. Check out what our previous clients say about this service, and do not hesitate to ask if you want a pitch deck designed or written by us.
Wrapping Up – Free Nonprofit Business Pitch Deck Template
I think I was able to give some sense behind why I wanted to always mix business principles with my work in the nonprofit sector. I strongly advocate for this and continue to develop and learn to foster the business principles in my career. As a firm believer in the power of both parties (profit and not-for-profit) joining forces, I encourage you to consider the above and check ways to incorporate some of these measures in your nonprofit.
In addition, you have a great pitch deck template to plan an impactful nonprofit business for your community and build this on a solid foundation.
And, of course, if you’re out of time and want a consultant to help you plan and complete this right, you can always contact one of our freelancers. They will help you draft a complete business plan for your nonprofit business and help you pitch it to others, too.
I highly recommend it.
Meet The Author Of This Article
I’m Jenny Ayman, a project manager in the development field with specific knowledge and experience in capacity building and entrepreneurship programs. I aspire to transfer the hands-on experience I gain in my professional career through writing.
Also, if you need help planning your business, I recommend checking out some of our freelancer’s business plans or pitch decks!