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CCHD offers three resources to help guide project development in economic development, in English and Spanish, in pdf format. Please contact one of the CCHD grants specialists if you would like copies of these booklets mailed to you.
A Feasibility Study is required before applying for a CCHD Business Planning Grant. The results of the feasibility study are incorporated into your business plan.
We've got a great business idea, but can it work ?RESULTS: A Feasibility Study will help refine and direct your future business development by identifying the potential for product demand and sales. This analysis helps you to predict the likelihood of survival for you new business or expanded enterprise. A Feasibility Study that reveals a non-viable business idea is still valuable — preventing costly mistakes and potentially lost investments (of time and money).
Is there sufficient demand; will you have enough customers?
Can you deliver better, cheaper, faster than other suppliers?
Can you survive by making enough money to cover your expenses?
WHO: Business planning is done prior to embarking upon any new enterprise, or when preparing for a significant change in an existing business. Business Planning focuses on a specific proposed enterprise whose basic feasibility or viability has already been determined.
What is the preferred ownership structure and why?RESULTS: Business Plans are essential in preparing for a new enterprise, because they challenge the entrepreneur to think clearly about the implications and develop a comprehensive approach. Business Plans are often done for the purpose of convincing others to "invest" — by buying stock in or providing loans or other funding to your business.
Who will be on our team — owners, managers, staff, suppliers, our attorney, our accountant, our banker?
How will the business function — make its product, deliver its service?
How will the enterprise thrive and grow — via marketing, sales, appropriate pricing, quality service, and eventual profits?
A sound Strategic Plan should result from a CCHD Planning Grant (if a plan has not been completed previously); it is required before applying for a CCHD Operating Grant.
RESULTS: A Strategic Plan must exhibit sound logic — between the organization's mission and its program(s), between the community's needs and the proposed project(s), between the resources needed and the resources available (including your own capacity). In short, it must make sense. The Strategic Plan provides guidance as the nonprofit faces the challenges and distractions of day-to-day operations. When done well, Strategic Planning is also an exceedingly valuable community organizing tool - the most effective processes invite the participation, contribution, ownership and support of all relevant stakeholders.
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