Eligibility for grants varies depending on the funder—be it government bodies, foundations, or private entities. Each funder often has specific criteria which may include the type of organization (e.g., non-profit, educational institutions), project nature (e.g., research, community service), and even geographical focus. The business plan should start with a clear statement that aligns with these eligibility criteria to ensure that the organization qualifies for the funding.

Each grantor has particular guidelines that need to be meticulously followed. The business plan should include a detailed description of how the project aligns with the grantor's goals, such as enhancing community resources, advancing educational opportunities, or promoting sustainability. It's crucial to highlight how the project fits into the funder’s strategic objectives, with direct references to the grant’s focus areas.

Effective outcome measurement is key in demonstrating the success of a project. The business plan should define the project's objectives clearly and outline the key performance indicators (KPIs) that will be used to measure these objectives. It's important to establish a robust methodology for gathering data and regular reporting mechanisms to keep the grantor informed of progress.

Sustainability is a critical concern for most grantors. The business plan should detail strategies for maintaining funding and operational viability once the grant period is over. This could include seeking additional grants, forming partnerships that can provide ongoing funding, or developing revenue-generating activities related to the project's goals.

Identifying potential risks and their mitigation is crucial for any project. The business plan should outline anticipated risks, such as financial uncertainties, implementation challenges, or external factors like economic downturns or changes in government policy. It should also detail strategies to address these risks, including contingency plans and adaptive management strategies to ensure the project's objectives can still be met under changing conditions.