Charity Business is non-profit organisation which has a practise of giving back its people or community. This is started by developing a vision and mission on the horizon. The business mission is more concrete description of purpose, which is accomplished with a specific, measurable, achievable and challenging goals. These businesses require a philanthropy support and people to donate to people. So, thing to run this business is by naming it, which resides in the memory of a specific people with a mission to help other. Differentiate your charity business by competing with other organisation for funding tom support the same cause.
Apart from the vision, mission, name and point of differentiation, one must write a business plan. Writing a business plan helps to understand, to visualize, to plan and to identify risks even before making any investments in the business. Preparing a business plan involves detailed research so that all the aspects of the given business are evaluated and appropriate decisions are made. The business plan should include fundraising, strategy, operational strategy, budget etc. start your own website to contact for donation through sites. One can put his/her own money in the charity, but initially one must need support from the friends, family to make the operation going which will take significant amount of time.
Establish an advisory board, who has significant experience in non-profit organisation and can help you launch the business. Since, they have the resource available at real time to the operation establish. A non-profit organisation should spend 75% on the program expenditures and the balance for the administration and fundraising, because donors want their money to go to beneficiaries. According to a report, in 2009 14% of the adult population in Indian donated cash and in year 2013 28% of the adult population donated money, which there is a increase more than 100 million. The Major contribution is done in Social service which accounts for 41%, followed by 19% in education and 12% in culture and recreation.
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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a Charity business plan are given below:
Board of Directors, CEO / President, Assistant director development, Assistant director finance / CFO, COO / Assistant director operation, Assistant director planning / Marketing, Assistant director PR/Community Affairs, Assistant director human resource, Employee for various department and security.
Resource Management, Strategy Management, finance Management, human resource management, risk management, quality management, people management and stakeholder’s management.
Donor relationship module which include the complete database of the donates, Donation Module provides the process of donation including printing and issuing receipts, Client Module which provides the data of planning, scheduling and recording volunteers or staff activities for each client, Volunteer Module is running an institution to provide quick and easy management for volunteers.
Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:
Association of Charitable Foundations Sheikh Mohamed Bin Zayed Road , Muhaisanah 2 - Dubai - United Arab Emirates
Dubai Charity Association6950 France Avenue S., Suite 18,Edina, MN 55435
Association of Jersey CharitiesPO Box 356,
CARE IndiaA-12, Bhilwara Towers, Third Floor, Tower II Sector 1, NOIDA, Uttar Pradesh 201301
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