Kinston Promise Neighborhood partners have been operating since April 2010 with a dedicated leader and a small group of community volunteers. Through the business planning process, we were able to articulate the vision and structure of the organization in a single document. We also outlined a 5-year implementation plan to formalize and grow the organization; however, the bulk of the work will take place in Year 1. In fact, one of the first key steps for implementation will kick off later this month. Kinston Promise Neighborhood, Inc. will soon begin work with a group of researchers from Tufts University to conduct a comprehensive youth needs assessment in the target area. This needs assessment is sponsored by the America’s Promise GradNation Communities program.
Other key implementation steps for Year 1 will include hiring staff, recruiting a strong Board of Directors, and, of course, raising funds. The business plan outlines key staff positions, including job responsibilities, as well as recommendations for Board composition and governance. The business plan also outlines projected financials for Years 1-5 of operations and provides a clear competitive analysis and risk analysis that can be reviewed by potential Board members or funders. The strategic business plan provides an important road map for Kinston Promise Neighborhood, Inc. to move forward boldly and intentionally. With a strategic business plan in hand, the organization can really begin to expand their work, formalize operations, and increase their impact on children and families in East Kinston.
For more information on Kinston Promise Neighborhood, Inc. visit www.kinstonpromise.org.
Betsy Robeson holds a Master’s in Business Administration (MBA) from the Kenan-Flagler Business School at UNC.