Completing a Business Plan

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A business plan is a center's blueprint for success. Whether it is organized on a nonprofit or for-profit basis, a Neighborhood Networks center must recognize that it is a business that must develop income sources, balance revenues and expenditures, and produce results. Beyond allowing center staff to maximize the effectiveness of its efforts and resources, a solid business plan shows potential partners and funders that the center is a good investment. Many public and private funding sources require that business plans accompany any funding application. For example, a business plan must be submitted to and approved by local HUD offices for funding purposes.

When it comes to plan development, the Neighborhood Networks Strategic Tracking And Reporting Tool (START) eliminates the guesswork. An essential tool for both new and established centers, START helps centers define and refine their missions.

START performs calculations and provides estimates to help you plan your program. At the end of the START process, your center will have a document to guide it through the development phase and as it begins operations.

If you are unable to complete the initial registration form or have questions at any point in the START process, please call the Neighborhood Networks Information Center (toll-free) at (888) 312-2743 and press 1 for technical assistance. Your local HUD Neighborhood Networks Coordinator is also a key resource through all phases of the business planning process.

Additional help in developing a business plan is also included in: START Workbook and User Guide.