Not-for-profit businesses can expect to gain only minimal benefits from developing business plans.

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Not-for-profit businesses can benefit greatly from developing business plans. A business plan can help them define their mission, set measurable goals, identify potential challenges and develop strategies to overcome them. It can also help them attract donors, volunteers and other stakeholders by clearly outlining their goals and strategies for achieving them. Developing a business plan can also help not-for-profit organizations to track their progress and make necessary adjustments to ensure that they are meeting their goals and objectives.

Not-For-Profit Businesses Can Expect to Gain Only Minimal Benefits from Developing