Basic Financial Management
for social enterprises and non-profits with a revenue generating arm
WORKSHOP OVERVIEW
This two-day workshop will be a practical journey – with plenty of examples and case studies – focused on the most important financial topics for social enterprises and non-profits with a revenue generating arm. We’ll start with the ABC of financial management – cost structures, pricing strategies, indirect costs allocation, break-even point calculation – then we’ll dive deeper into the world of financial statements and key financial indicators. Last but not least, we will learn, through a number of examples and practical exercises, how to build a realistic financial forecast. Participants should ideally have up to 3 years of experience running an “economic activity” or a social business. The depth and difficulty of the curricula will progressively increase throughout the workshop. Therefore, even participants with no or little previous experience in financial management will find it easy to incrementally advance through the financial concepts presented in the workshop.
THIS WORKSHOP HELPS:
Social entrepreneurs and social enterprise managers
Junior social entrepreneurs and social enterprise managers with limited experience in financial management.
Finance staff
Finance or operations teams working in social enterprises or non-profits with a revenue making arm.
Entrepreneurial non-profit leaders
Leaders of non-profits with a revenue making arm who aim improve both their financial management skills and improve business performance.
ENROLL IF YOU
LACK:
You have limited experience in financial management.
If you don’t understand the structure of your financial statements and how to calculate key financial indicators.
If you’ve never done a realistic financial projection your social enterprise.
WANT TO LEARN:
To analyse the cost structure of your products, to work out a correct pricing strategy and to determine the breakeven point of your social enterprise.
To understand how your financial statements and the key financial indicators can reveal important operational information about your business.
To incorporate various scenarios into financial projections.
Course Curriculum
I.
Introduction and basic financial toolbox
The first training session aims to build or consolidate your basic financial management skills and provide you with the essential knowledge. What is a cost structure? How to set a pricing strategy that will ensure the sustainability of the product portfolio? How to calculate the breakeven point when the business is selling more than just one product? How to allocate indirect costs to products? During our first training session, we’ll aim to find an answer to all these critical questions.
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II.
Financial statements and main performance indicators
You will learn the secrets of a balance sheet and an income statement. We will then compute a few important financial ratios using relevant sample data from the social enterprise sector.
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III.
Financial projections
You will learn the basics of making realistic financial projections through a practical exercise. You will learn how to use the best information available at the time of your planning – your past performance and expected market dynamics – and draft a number of scenarios. Plus, we’ll conduct together a sensitivity analysis.
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THE FULL EXPERIENCE
Locations and language
Course language(s): English or Romanian.
Group size and planning
The ideal group size for this workshop is 15 to 20 people.
Travel costs are funded by the host organization (client).
Participants may work at the same organization.
Courses are scheduled at least 2 months in advance.
Your journey
Our journey starts with a pre-course assessment.
Survey and roadmap
Before we start our workshop, we’ll make sure we understand your needs and your prior financial management experience. We will ask each participant to fill out an pre-assessment survey.
Additional advisory services
Individual, tailored support is available to all participants or organizations looking to improve their financial systems.
Topics
After the workshop, we can take on additional advisory sessions and consulting work to improve the financial performance of the social enterprises.
We usually deepen our financial analysis, conduct a thorough cost assessment, assess the product portfolio and work on improving the manager’s financial and strategic management skills.
These advisory and support services are paid separately.
YOUR INSTRUCTOR
Sonia Oprean
INTERESTED?
Have questions? Do you need a quote? Drop us a note:
contact@synerb.org
