We extend our heartfelt support to the communities impacted by Hurricane Helene in western North Carolina. We'll continue to share resources for nonprofits and how to help.
A business impact analysis (BIA) is often a key component of a Business Continuity Plan (BCP). A BIA identifies the impact of downtime for various activities and processes. Your BIA should help you determine which functions must continue without interruption, which can be scaled back or shuttered temporarily, and the desired timeframe for recovery and restoration.
This Business Impact Analysis Worksheet is a fillable template from Nonprofit Risk Management Center.
Kathy Ridge, Founder and CEO, LevRidge Resources, LLC
We now know a single vaccine will not instantly obliterate the COVID virus. Instead, we must depend on personal behaviors, along with contact tracing and vaccines, to decrease infection rates. As organizations face an unknown future, how do we plan, prepare, and organize for the ‘lost horizon’ that is 2021 and the post-virus world?
You don’t need a new strategic plan – you need a short-term business plan based on what you do know to get through the next 18 months and develop more resiliency.
Candid (formerly GrantSpace) outlines the process and steps to create a business plan, which can help a nonprofit organization describe how it intends to implement its mission and achieve its set of goals. Additionally, the National Council for Nonprofits offers administration guides about Business Planning for Nonprofits.
Increasingly, nonprofits are turning to more flexible strategic frameworks instead of formal strategic plans to guide their board and staff. BoardSource's infographic, Nonprofit Strategy and Planning by the Numbers, outlines this evolution and describes different strategy and planning options, key qualities of strategic frameworks, and tips on how boards can monitor their progress towards organizational goals.