Ready to put your social venture’s financial viability into numbers? This lesson introduces a simplified financial template tool, guiding you through the process of quantifying your venture’s financial aspects. Learn how to estimate revenue, categorize variable and fixed expenses, understand critical cash flow, and plan for startup costs. The goal is to equip you with the initial estimates needed to start meaningful conversations with stakeholders and strategically decide how to manage any surplus revenue.
🎯 Learning Objectives
• Understand the purpose and components of a simplified financial template.
• Learn how to calculate market size and define your unit offering for financial projections.
• Distinguish between and estimate variable and fixed expenses for your social venture.
• Analyze revenue streams and understand the importance of cash flow for sustainability.
• Explore strategies for utilizing surplus revenue and its implications for organizational structure (for-profit vs. non-profit).
📚 About the Course
Have you ever wondered what it would be like to create real change? You don’t have to start your own organization to make a difference in the world. Everyone can learn the social entrepreneurship mindset and skillset to build social impact. In this course, you will immerse yourself in a social or environmental challenge you want to tackle. You’ll start by researching your topic of choice, talking to people, and ideating a potential solution that you can contribute. Then, you’ll build a business model around that solution, understanding concepts like measuring social change, ensuring financial viability, funding and pitching.
This course is a safe space to experiment and explore. You’ll be guided by a ten stage framework to help structure your journey. Along the way, you’ll hear from social entrepreneurs around the world through case studies and campus conversations. These include Yale alumni, members of the New Haven community, and global changemakers. Everyone is welcome to join this course! You can apply your lived, learned, or professional experience to discover how you’re going to make a difference.
📺 Watch the full playlist on YouTube: https://www.youtube.com/playlist?list=PLh9mgdi4rNezbi0aRJeVnt99ynTVZG1PL
🎓 Enroll on Coursera for assessments and a certificate: https://online.yale.edu/courses/creating-change-through-social-entrepreneurship
🌐 Explore more learning opportunities on Yale Online: https://online.yale.edu/courses/creating-change-through-social-entrepreneurship
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