SWOT Analysis for Wondermusic, a Non-Profit Organization Essay

SWOT Analysis for Wondermusic, a Non-Profit Organization Essay

Length: 2073 words (5.9 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Executive Summary

Chart: Highlights

1.1 Objectives
Wondermusic is a non-profit organization that promotes young music talent by creating a free educational and musical guidance program. Establish a space to provide musical educational programs, sound proof rooms, recording studios and a private stage to promote their talent. Organize music festivals and theater appearances around the city, as a performing experience and has an educational, social and recreational alternative, and also to create awareness to the cause. Donate instruments and award college scholarships.
Promoting and giving stage time to young talent will give them confidence and the opportunity to be heard, and in some cases have a chance to develop a career that will give them a financial independence, in other cases, this talent will support their social and mental wellness to develop a parallel professional career that will give them also a financial stability.
1.2 Mission
Help and mentor underprivileged young music talent that are in need, to build a musical career and or a parallel profession that will provide them with financial independence. Provide an educational, social and recreational alternative activity. To create a series of musical concerts during the year to raise awareness and as part of a marketing strategy of our fundraiser campaign. Design and create musical educational programs that will help musician master their talent and be a successful music entrepreneur.
1.3 Keys to Success
- Music educational program
- Free educational and musical guidance program.
- Establish a space to provide musical educational programs
- Sound proof rooms.
- Recording studios and a private stage to promote their talent.
- Organize music festivals and theater ...

... middle of paper ...

...lanned Investment
Owner $15,000
Investor $50,000
Additional Investment Requirement $0
Total Planned Investment $65,000

Loss at Start-up (Start-up Expenses) ($7,200)
Total Capital $57,800

Total Capital and Liabilities $74,300

Total Funding $81,500

8.2 Important Assumptions

8.3 Break-even Analysis
The break even point gives us the amount of funding needed to have Wondermusic function with high quality standards. This is the minimum monthly target for our sales team.
Table: Break-even Analysis

Break-even Analysis

Monthly Revenue Break-even $94,431

Average Percent Variable Cost 59%
Estimated Monthly Fixed Cost $38,397

Chart: Break-even Analysis

8.5 Projected Cash Flow
The cash flow for our non profit gives us the amount of funds needed, and will be our sales team goal, as well our production team for the in house services.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

A Brief Note On A Non Profit Organization Essay

- A stakeholder can be characterized as an individual that has any contributed interest or impact on an organization. Stakeholder’s interest can potentially shift from organization to organization however one might notice the biggest difference lying somewhere in between profit and nonprofit organizations. In a non-profit organization, the reason for the organization is to satisfy its particular purpose while balancing costs. In an a revenue driven (profit) environment, stakeholders have an invested interest in both the productivity of the firm and also the general wellbeing with regards to the overall view of the organization....   [tags: Non-profit organization, Management]

Powerful Essays
718 words (2.1 pages)

Essay on Foundations Encourage Low Impact Non Profit Organizations

- Nonprofit organizations may have laid the foundation for social services that go beyond what the government can provide. However, with so many non-profits, increase competition for grants, lack of funding often limits their impact. In fact, many experts argue that there are too many non-profit organizations. Foundations encourage low impact non-profits to stay in operation by funding so many organizations. Funding is divvied up to multiple small organizations instead of several, large established organization....   [tags: Non-profit organization, Non-profit organizations]

Powerful Essays
1263 words (3.6 pages)

Benefits Of Non Profit Organizations Essay

- Non-Profit organizations are a major mold in society in general, and they continue to help advance many of the social causes of our time. From the description, we know that employee and volunteer morale is quite low, and that is the fault of the senior management. In an organization, it is important that each individual knows that they are contributing to something larger than themselves. In many cases, employees seek to work somewhere where they can earn a living, but also where they can become a member of a team, and feel a sense of purpose....   [tags: Management, Non-profit organization, Engagement]

Powerful Essays
714 words (2 pages)

Personal Statement On Non Profit Organizations Essay

- When I began this class, I had never had any experience or knowledge on non-profit organizations. After reading the chapters and doing the project for CHASI, I began to realize that non-profit could be my niche. I chose to pursue a degree in criminal justice, because of the many job possibilities, but I never would have imagined non-profit being one of those possible careers for myself. I was raised under the philosophy from both sides of my family, that if you give, you will get in return, I believe this so much and I have witnessed it personally throughout this semester....   [tags: Non-profit organization, Management]

Powerful Essays
703 words (2 pages)

Profit Healthcare Organizations Vs. Non Profit Organizations Essay

- Profit healthcare organizations vs. Non-profit healthcare organizations Introduction This paper will discuss about organizational structure, philosophies and business practices of for-profit healthcare organizations and non-profit organizations. The most essential dissimilarity between nonprofit and for-profit organizations is the reason they exist. As for-profit organization in healthcare, they are generally found to generate income for entrepreneurs and their employees. However, nonprofits are generally found to serve a humanitarian or environmental need....   [tags: Health care, Medicine, Non-profit organization]

Powerful Essays
1330 words (3.8 pages)

The Role of Non-Financial Analyses Essay

- Non-Financial Analysis Non-financial information is significant in order for the organization to measure and evaluate their performances every year. The information obtained from non-financial analysis allowed the company to make decision with the aid of other information as well. For example, information such as financial and non-financial analysis play important role for the management team to make their decision whether to invest in the company or not. There are many ways to measure a non-financial performance of an organization....   [tags: organization improvement, Sime Darby]

Powerful Essays
894 words (2.6 pages)

The Problem Of A Healthcare Organization Essay

- By now most all Americans have heard of the terms non-profit, for-profit and government hospitals when referring to a healthcare organization. However, not many of us understand the difference between the three nor do we know if the hospital we are using is a nonprofit, for-profit or government-owned entity. Lines are blurred when it comes to the services they provide, if they are different are alike, and if profitability affects the level of care or specialization. Moreover, complexities arise when thinking in terms of which design is best....   [tags: Non-profit organization, Non-profit organizations]

Powerful Essays
1078 words (3.1 pages)

Essay on Non-Profit Organization Analysis

- There used to be a time when zoos used to be full of animals. A time when extinction was not a problem. That was the past. Today, zoos all around the world are missing many animals such as the African elephant or the dodo bird. All of these wonderful animals became extinct because we were careless enough to let them all die. World Wildlife Fund (WWF) is an organization that is trying to prevent extinction from happening. WWF is an environmental organization dedicated to “protecting the world’s wildlife and wetlands” ("World Wildlife Fund")....   [tags: Business Analysis ]

Powerful Essays
1831 words (5.2 pages)

Different Views of the Comparison Between Non-profit and For Profit Organizations

- Want to just say no to taxes and not pay them. Then create a not for profit organization and be exempted from all income taxes within that organization. Some examples of non-profit organizations are: hospitals, universities, political parties, religious organizations, and research for scientific studies. While on the other hand, for profit companies are any business that is owned by a person or a group of people. Some examples of for profit organizations are the following: private health organizations, product organizations, transport organizations, and many more (Haddad, n.d.)....   [tags: non-profit organization, ]

Powerful Essays
1428 words (4.1 pages)

Non profit Organization Essay

- Nonprofit and for-profit businesses have multiple similarities and differences. For-profit organizations are very different from non-profit organizations because the driving goal of a for-profit organization is increasing its revenue whereas a non-profit organization will not go out of business if it suffers financial loss or does not have a bottom-line. The marketing process also differs, with the biggest differentiating factor of profit marketing is to encourage customers to buy and while the nonprofit marketing purpose is usually to encourage people to give....   [tags: Profit Marketing, Organizations]

Powerful Essays
1419 words (4.1 pages)