According to La Piana and his coauthors, a nonprofit needs a business plan just as much as a business does. "Perhaps more so given the narrower room for experimentation and the high consequences of failure—both of which can be traced back to often narrow operating margins and lack of adequate capital.”
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by Denise McMahan
Special thanks to the Blue Cross and Blue Shield of Lousiana Foundation for underwriting access to CausePlanet's Page to Practice book summary library for all LANO members in 2012.