What is a Business Resilience Plan for Nonprofits?
A business resilience plan for nonprofits is a strategy that outlines how an organization can ensure the continuity of critical services, fundraising efforts, and community support during emergencies or unforeseen events. Business resilience plans are designed to help nonprofits plan for and effectively manage disruptions to their operations, from natural disasters to economic downturns. The plan should include clear objectives and measurable targets, as well as projects and actions that can help the organization achieve the desired goals.
What's included in this Business Resilience Plan for Nonprofits template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Business Resilience Plan for Nonprofits template for?
This business resilience plan for nonprofits template is for nonprofit organizations of any size or scope that are looking to strengthen their financial stability, improve their cash flow, enhance employee satisfaction, and increase employee retention. The template provides guidance on how to define focus areas, objectives, and measurable targets (KPIs), as well as how to implement related projects to achieve those KPIs.
1. Define clear examples of your focus areas
When creating your business resilience plan, it is important to define clear examples of your focus areas. Focus areas are the broad topics that your organization will be addressing in order to strengthen its resilience. Examples of focus areas could include financial resilience, human resources, and technology infrastructure.
2. Think about the objectives that could fall under that focus area
Once a focus area is defined, the next step is to think about the objectives that could fall under that focus area. Objectives are the goals that your organization is trying to achieve in order to strengthen its resilience. Examples of objectives could include strengthening financial stability, improving cash flow, enhancing employee satisfaction, and increasing employee retention.
3. Set measurable targets (KPIs) to tackle the objective
Once objectives are identified, the next step is to set measurable targets (KPIs) to tackle the objective. KPIs are measurable objectives that can help track progress towards achieving the goals. Examples of KPIs could include decreasing the cost of goods sold, increasing donations raised, decreasing average hours worked per week, and increasing average vacation days given.
4. Implement related projects to achieve the KPIs
Once KPIs are identified, it is important to implement related projects to achieve the KPIs. Projects are the actions that your organization will take in order to reach the KPIs. Examples of projects could include increasing cost-efficiencies, increasing fundraising efforts, optimizing work schedules, and increasing benefits.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
One way to ensure that your organization is able to achieve its objectives and reach its KPIs is to utilize a strategy execution platform, such as Cascade Strategy Execution Platform. Cascade helps to streamline strategy planning and execution, allowing you to track progress and see faster results from your strategy.