Have you ever wondered about the differences between nonprofits and social enterprises? Are nonprofit organizations also social enterprises by default? Are all social enterprises also nonprofit organizations? And are they still called nongovernmental organizations (NGOs), or are those different entities altogether?
A strategic plan helps you develop roots before launching branches – it challenges you to invest in the underlying framework of what you are seeking to achieve with your venture and the processes required to achieve those objectives. Strategic planning saves you time in the long run and gives you guidance through the journey.