Business and financial support

My Community brings you the latest tools, tips and ideas to help make your community a brilliant place to live.

To make a tangible, long term impact on their community, community groups and organisations must think about their business and financial management.

Sustainable, high quality services require careful planning and consideration about appropriate funding needs and sources.

All resources in this Business and Financial Support Hub have been designed to help you plan for your group or organisation’s future and ensure the long-term sustainability of your charity or community group.

The resources in this hub will be particularly useful for people involved in setting your business objectives and overseeing the financial condition of your organisation, such as financial and business managers, chief executives and trustees.

The resources in this hub include guides, templates, case studies and research. They will help you:

Achieve financial sustainability and profitability

Guidance with the skills and tools you need to ensure that your organisation is viable over the long-term. They will help you build up your financial resilience for long term sustainability.

Develop a business plan

Support to produce a formal written business plan document containing your business goals. Your business plan should also include the methods and time-frame in which you aim to achieve them so that you can measure your success and impact.

Manage your business effectively

Understanding a range of key day to day business needs, from carrying out a cost-benefit analysis to comply with legislation.

Manage your organisation’s finances

Providing you with a range of financial management skills from financial forecasting to understanding cash-flow.

These business and financial support resources will help your decision making. You'll find guides and templates on topics including:

  • Writing and testing your business plan and bringing it to fruition
  • Financial forecasting – estimating your future financial outcomes by examining historical data
  • Using the Balanced Scorecard business tool to translate your strategic objectives into a coherent set of performance measures
  • Financial questions for trustees or directors to ask
  • How to carry out a cost-benefit analysis
  • Information on different sources of finance and their suitability for your organisation
  • Effectively communicating your ideas
  • Writing annual returns and confirmation statements

How to create a business strategy

Guide
Last updated: 29 April 2020

Use the Business Scorecard to plan your business strategy.

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How to forecast financial information

Explanation
Last updated: 29 April 2020

Plan your income and spending projections and cash flow projections for at least three years.

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How to write a Cost Benefit Analysis

Explanation
Last updated: 29 April 2020

Cost benefit analysis demonstrates the value of an intervention.

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The community hub handbook

Guide
Last updated: 6 May 2020

A comprehensive handbook on how to set up and run a successful community hub

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How to write a business plan

Guide
Last updated: 6 May 2020

This resource is designed to help you produce a Business plan for your charity or community group

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Writing your business plan

Guide
Last updated: 30 July 2020

A step-by-step guide on how to complete each section of your business plan

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