Financial Modeling for the Social Sector
Build sustainable financial models to scale your impact
Course Details
- Price: FREE
- Time: 4 hours/week
- Duration: 7 weeks
- Partner: Dr. Erik Simanis
What You’ll Learn:
- Distinguish between an operational unit and a head office and the financial relationship between the two
- 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
Description:
To achieve social impact, leaders in the social sector must find the right business model to achieve sustainability. In this course, you’ll learn how nonprofit organizations, social entrepreneurs, corporate entrepreneurs and social change leaders can use financial modeling and creative approaches to market-based funding to scale their work. You’ll gain a series of templates and instructions so that even beginners to finance can begin to calculate their funding requirements and project future growth.
Format and Timing:
- Team-Based Course: We strongly encourage (but do not require) that you form a team of 2-8 people to take the course with. It works best to find friends or coworkers who can meet in person. Need to find team members? You can post to the discussion forums a month before the course starts.
- Platform: Teachable (+Acumen developed the course. We host this course on the Teachable platform.)
- Timing: You can work through the materials at your own pace. There are no deadlines or required times for you to log in.
Course Syllabus

- 5 reading guides highlighting case studies and examples
- 5 discussion guides to help you discuss important dimensions of your financial model with your team
- Video tutorials from Erik Simanis, Partner at TIL Ventures
- Video: Bottom-Up Financial Modeling
- Reading: Start With the Numbers
- Reading: Product and Service Idea vs. A Business Model
- Reading: ‘At-Scale’ and ‘Steady-State’ Operation
- Activity: Frame Your Financial Challenge
- Video: Bounding the Operational Unit
- Reading: The Operational Unit vs. the Head Office
- Reading: Bounding an Operational Unit
- Reading: Estimating the Operational Unit’s Reach
- Reading: Estimating the Available Target Market
- Reading: Estimating the Realistic Number of Customers
- Reading: Converting to Monthly Transaction Numbers
- Activity: Bounding Your Operational Unit
- Video: Total Running Costs
- Reading: What Are Total Running Costs?
- Reading: Estimating Running Costs for the Operational Unit
- Reading: Head Office Costs
- Reading: Estimating Running Costs for the Head Office
- Reading: Calculating the Total Running Costs
- Activity: Calculate Your Running Costs
- Video: Total Investment Costs
- Reading: What Are Total Investment Costs?
- Reading: Estimating Investment Costs for the Operational Unit
- Reading: Head Office Costs
- Reading: Estimating Investment Costs for the Head Office
- Reading: Calculating the Total Investment Costs
- Activity: Calculating the Total Investment Costs
- Video: Achieving Financial Sustainability
- Reading: Review of Basic Financial Terminology
- Reading: Connecting to the Modeling Framework
- Reading: Calculating Required Price and Gross Margin
- Reading: Calculating Required Price Point
- Reading: Iterating on Your Model
- Reading: Moving Forward with Rigor
- Activity: Calculating the Price Point for Sustainability
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What People Are Saying

"I can't believe I ever thought of starting a business without taking this course. I really want to create something meaningful, and this course showed me that with proper planning, the opportunity to make a difference is huge."