In a blood drive business plan, some interesting questions come to the forefront immediately. Is this a one-time event? Do you need funding for it, or just approval? Is it somehow a revenue-positive event or will you simply be collecting blood for donation to the American Red Cross or a local hospital? Is the undertaking prompted by a natural disaster, a blood shortage, or a community movement of some sort? You'll need to provide this context before moving forward with any of the content in the document itself. The question about revenue is an important one. Consider the difference between a non-profit and a for-profit financial model:
• In a non-profit model, you show funding being depleted gradually; a for-profit model needs an endpoint profit figure sufficient to generate the initial investment
• A for-profit financial model will show a break-even point, typically within 12-18 months, while a not-for-profit model does not feature this at all
• Common terminology in the financials like “profit and loss†needs to be replaced with 501c3 language
• A year one breakdown by month is important for both models
• A use of funds table is important for both models
The business plan should also address the health and regulatory concerns of a blood drive. If you are collecting blood on behalf of another agency, or to donate, what protocol do you need to meet? Who will you need to have on-site besides phlebotomists? Will there be any medical doctors or hospital administration types? The plan will need to make it clear that this is not a risky event or undertaking. Want help authoring this document? MasterPlans has a complete team of expert writers who can get you the business plan you need in no time. Call us today at 877-453-2011 to learn more.
