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In this tutorial, Laurent Sevigny discusses the importance for nonprofits to rethink their business plans. He outlines four common mistakes made by nonprofits in creating business plans and offers tips to avoid them. While it is beneficial for nonprofits to adopt business-like practices, there are also limitations to this thinking as nonprofits are not traditional businesses. Nonprofits should ensure their revenue streams cover operational expenses and can learn from management practices of the for-profit sector.
