Financial Modeling for the Social Sector (NovoEd)
Social sector leaders must connect their impact work with the right business model to achieve sustainability. With finite resources and limited staffing, organizations that are more focused on immediate needs rather than long-term sustainability can find developing the right business plan challenging. This course teaches nonprofit organizations, social entrepreneurs, corporate entrepreneurs and social change leaders how to use financial modeling and creative approaches to market-based funding to scale the impact of their work. This course will be valuable for organizations of all shapes and sizes, and particularly useful for those in the early stages of development.
What You'll Do:
- Understand the distinction between an operational unit and a head office and the financial relationship between the two
- Understand how to estimate the reach and size of your operational unit and identify what costs at scale means to your organization
- Understand how to think about and calculate the funding requirements for building and maintaining a capacity that allows you to innovate, learn, and grow your organization
Already taken this course? Please rate.