Financial Sustainability: the Numbers Side of Social Enterprise
School: +Acumen (in partnership with Cornell and Stanford)
Registration Link: Financial Sustainability: The Numbers Side of the Enterprise
Start Date: May 14, 2015 (7 Weeks Long)
Workload: 4-5 Hours Per Week
Instructor: Dr. Erik Simanis
Credentials: Dr. Simanis is a senior extension associate at Cornell University’s Johnson School of Management. He specializes in innovation and mass markets in emerging economies and his writings and research have been published by the Harvard Business Review, Sloan Management Review, and The Wall Street Journal. He possesses over a decade of experience in leading and advising social enterprises in Africa, Asia, and Latin America. Acumen, which also produces online courses through its +Acumen platform, invests in business enterprises for the world’s poor.
Graded: Students will receive a statement of accomplishment signed by +Acumen for completing all assignments.
Description: In this course, students will learn how to develop a financial model for operating and scaling a business. Starting with a stand-alone profit center, students will grow their business, learning to connect each unit’s operational and administrative financials. In the process, they will estimate cost structures based on the reach of their business, establishing price points and gross margins necessary to maintain profitability and continued scaling. The course is designed for entrepreneurs and non-profit leaders looking to get a handle on areas like overhead, depreciation, and sales.
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