The financial stability of a social venture strongly depends on the business and financial model upon which the venture is built. A financial model gives a clear idea of the value of a venture and the cost of that value. A comprehensive financial model is clear about the specific sources of revenue that guarantee that the venture remains viable. Highly successful business and social ventures are those with credible and logical financial models. Financial modelling is essential for the prospects of big and small businesses as it helps to determine how organizations expand their scope, charts their future courses of action, and measure profitability and economic viability. Financial modelling helps to maximize a venture’s value as well as minimize risks.
This course teaches social entrepreneurs effective and easily implementable steps of building a financial model that guarantees accountability, value maximization and viability of their social venture. In this course, you will learn to:
- Develop an optimistic and defendable financial model using vetted assumptions
- Pinpoint and validate unit economics and key business drivers
- Develop a compelling story and articulate a financial ask
Christina Hachikian teaches this course. She is a Clinical Associate Professor of Strategic Management at the University of Chicago Booth Business School, Illinois, U.S.A. It contains 4 modules which consist of thirteen (13) videos and two (2) readings. It will take about 5 weeks to complete the course and the assignments if a student dedicates an hour per day.
Week 1: Develop an optimistic and defendable revenue model using vetted assumptions
Week 2: Develop an optimistic and defendable cost model using vetted assumptions
Week 3: :Unit Economics and Business Drivers for Start-ups
Week 4: Develop a compelling story and articulate a financial ask
Week Five: Final Assessment