Having a clear line of sight on how your social enterprise will reach a profit level that meets requirements 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.
Because of this, Acumen has 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.
This course is valuable for social entrepreneurs of all shapes and sizes, and at all stages of the start-up cycle. It is applicable to a wide range of people: aspiring social entrepreneurs, non-profits that want to create market-based projects, impact investors evaluating a new business, and also corporate intrapreneurs who want to launch ventures aimed at the bottom-of-the-pyramid market.
So join, and get fluent with the numbers side of social enterprise—a critical skill for all the world’s changemakers!