If you are thinking about starting a community radio company, then without question you need a community radio business plan to achieve your goals. And speaking of, the best place to get started with your business plan is by considering exactly what you hope to achieve with it. Most community radio businesses are non-profits and are built around the concept of helping the area and providing unique, fresh, and informative content. Yet even though you intend to operate a non-profit business, you still need a solid business model and business plan to ensure that you operate in a fiscally-prudent manner. The following sections should be included in any business plan for a non-profit or community organization:
• Executive Summary
• Information about the need for your services
• Information about fundraising and how you will generate revenues
• Details about your background and why you are capable of running the business
These particular pieces of information are critical in convincing a lender or investor that you will have ability to operate the business successfully without going in the red. Among these sections, the executive summary is the most important because it is often the only thing an investor or lender will read before deciding whether they are interested in your concept. Write a flat exec sum, and chances are your community radio business plan will end up in the trash. Writing a compelling plan can be a challenge, however. If you want more help making sure your plan will get noticed, contact the industry leaders in business plan writing at MasterPlans. You can reach us at 877-453-2011 for a free consultation right now!
