Key Questions You Need To Answer When Beginning Your Nonprofit/Public Sector Project or Organization

1. Have you assessed your skill set, the risk and time commitment necessary to reach your objective?

Yes    No

2. Have you determined the capital resources you will need and for how long and do you have access to this level of funding?

Yes    No

3. Do you have a measurable set of strategic goals and objectives?

Yes    No

4. Do you have a written business plan, including a well defined vision statement?

Yes    No

5. Do you clearly understand the target audience for your product or service (who are your constituents, where are they, why do they need your service, how will you reach them, etc.)?

Yes    No

6. Have you determined the need and timing for additional personnel/volunteers?

Yes    No

7. Have you identified potential competitive service providers or entities?

Yes    No

8. Do you believe you’ve identified all the barriers that exist for your program/orgainzation to be successful (availability of materials or supplies, facilities, capital equipment, technology, market timing, regulatory issues, etc.) and have you developed a strategy to meet them?

Yes    No

9. Do you have advisors, mentors or a support structure in place to monitor your progress and offer solutions to correct problems?

Yes    No