Financial Sustainability: the Numbers Side of Social Enterprise (with Erik Simanis)

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Financial Sustainability: the Numbers Side of Social Enterprise (with Erik Simanis)

Course Details

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FREE

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  • In Session

Course Provider

+Acumen online courses
+Acumen online courses were inspired by the leadership curriculum used in Acumen’s Fellows Programs. We saw an opportunity to use online tools to scale the impact of our work in leadership development so that even more emerging leaders can gain the skills and networks they need to improve the lives of people around the world and build a world based on dignity. Each of our courses fits under one of three areas of Acumen’s Leadership Model: Operational skills, Financial skills and Moral im...
+Acumen online courses were inspired by the leadership curriculum used in Acumen’s Fellows Programs. We saw an opportunity to use online tools to scale the impact of our work in leadership development so that even more emerging leaders can gain the skills and networks they need to improve the lives of people around the world and build a world based on dignity. Each of our courses fits under one of three areas of Acumen’s Leadership Model: Operational skills, Financial skills and Moral imagination (defined as "the humility to see the world as it is, and the audacity to imagine the world as it could be)".

Provider Subject Specialization
Humanities
Business & Management
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Course Description

Having a clear line of sight on how your social enterprise will reach a profit level required for scaling is a critical part of being a successful social enterprise and achieving the goal of broad social impact and transformation. It’s an issue important at all stages of a new enterprise’s birth and growth (i.e. Blueprint, Validate, Prepare, Scale up phase). Because of this, we have teamed up with Dr. Erik Simanis to develop this introductory course on financial modeling for start-up social enterprises. Erik has more than a decade of hands-on experience leading and advising social enterprises and major corporations in Africa, Asia and Latin America. The course will show you how to think about and build a basic financial model from the ground up, starting from a single “business unit”—a stand-alone profit-center (like a branch, sales office, or individual franchise) that is replicated when you scale. The course will then explain how t... Having a clear line of sight on how your social enterprise will reach a profit level required for scaling is a critical part of being a successful social enterprise and achieving the goal of broad social impact and transformation. It’s an issue important at all stages of a new enterprise’s birth and growth (i.e. Blueprint, Validate, Prepare, Scale up phase). Because of this, we have teamed up with Dr. Erik Simanis to develop this introductory course on financial modeling for start-up social enterprises. Erik has more than a decade of hands-on experience leading and advising social enterprises and major corporations in Africa, Asia and Latin America. The course will show you how to think about and build a basic financial model from the ground up, starting from a single “business unit”—a stand-alone profit-center (like a branch, sales office, or individual franchise) that is replicated when you scale. The course will then explain how to connect the business-unit financials with the “home-office” and its associated costs—these are the supporting operations and administrative structures that have to be put in place in order to scale a business. This approach helps ensure that your product or service can be realistically commercialized, and that the business model is built for scalability from the start.
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