Are you ready to build a sustainable financial model for your social enterprise? In this in-depth webinar, join experts Jim Kucher from the University of Maryland, Baltimore, and Josh Fiegels from LivePlan as they demystify financial forecasting for mission-driven businesses. They provide a clear framework for balancing social good with financial health, demonstrating how to leverage diverse revenue streams—from grants to earned income—to create a lasting impact. Watch now to gain the confidence and skills to build a robust financial plan for your organization.
What You'll Learn
This webinar is packed with practical tips and a live demonstration of how to apply these concepts using LivePlan. Here’s a look at what we cover:
Understanding the Social Enterprise Model
Defining Social Innovation: Learn the key differences between traditional nonprofits and social enterprises and how value accrues to society, not just shareholders. The Power of "Civic Wealth": Discover how the intersection of enterprise, ecosystem, and community creates a new form of value. Real-World Examples: See how businesses like Local Color Flowers and Harbor City Services successfully integrate social benefits into their core operations without sacrificing market competitiveness.
Mastering Value Capture and Revenue
Getting Paid for Your Impact: Understand the concept of "value capture" and how to translate the social good you create into a reliable revenue stream. The Three Pillars of Revenue: Learn to identify and manage the three primary sources of funding for social enterprises: charity, philanthropy (grants), and earnings. Layered Funding Strategies: See how to strategically combine grants for growth and earned income for operations to ensure long-term stability.
Building a Financial Forecast in LivePlan
Step-by-Step Walkthrough: Follow along as the experts build a complete financial forecast for a workforce development social enterprise from scratch. Modeling Diverse Income: Learn how to accurately input one-time grants, recurring placement fees, and charitable donations as distinct revenue streams. Forecasting Personnel and Expenses: Master the process of adding personnel costs, including salaries, raises, and burden rates, as well as operational expenses like rent and insurance. Scenario Planning: Discover how to use forecasting tools to test different financial scenarios, identify potential shortfalls, and make informed decisions to stay in the black.
