Financial Modelling/Forecasting for a Social Enterprise
Application Deadline
Project start
Project end
Background of the project
In partnership with Credit Suisse, Empact is running a programme designed to empower founders and leadership teams of 9 social enteprises. Called baSEcamp, it aims to equip these founders and leadership teams with strong business perspectives, address their specific organisational and individual challenges, as well as provide opportunities for peer learning.
One of the participant of baSEcamp is preparing to pitch for investments - which usually involves presenting their financials. While the social enterprise can put together simple financial calculations for the business, they find it challenging to make sound financial projections, forecasts, and identifying the break-even point. Thus, they are looking for a robust financial model that can effectively address the investors’ questions, as well as advice on how to present that in an easy to understand manner.
About the social enterprise needing support
The enterprise is based in India and supports farmers to make a shift from traditional farming to organic farming. More information will be shared upon interest.
What is currently done
The team makes simple financial calculations for the business.
How would the project benefit the enterprise
It will help them to stay on track with respect to financial goals and make the necessary changes from time to time. It will also help them in raising both equity and debt capital from institutions.
Extra note on number of volunteers required
The ideal number of volunteers for this project is 2 - 4 pax.
Extra note on timeline / start and end of project
The start and end date of the project is flexible; as long as it happens between July and November 2021. Volunteers need to commit up to 3 working sessions with the social enterprise (see Milestones for more information); timeline will be dependent on everyone's availability.
Develop a financial model for 3 to 5 years
- Make plans for 2-3 case scenarios
- Including scenarios during and post-Covid-19
This can be further defined upon interest.
Empact will conduct an onboarding session to prepare the volunteers for the project. Things that will be covered in the session include:
- The social enterprise landscape
- Challenges that social enterprises face
- Specific information about the social enterprise receiving your support
Empact will also be present at all meetings to bridge any context where necessary.
Milestones
Onboarding Session
A 1h session where Empact will onboard volunteers on the social enterprise landscape/ context, and share more information about the social enteprise that the volunteers would be supporting.
Kick-Off with Social Enterprise
A 1h kick-off session with the social enterprise. Objectives are to
- Get to know one another
- Understand background of the challenges the social enterprise is facing
- Align on the scope of the project (i.e. the expected deliberables and timeline)
Working Sessions
Up to 2 working sessions with the social enterprise to co-create the deliverables. Each session can be between 1-2 hours, depending on the agenda.
Remote Work
Where necessary, volunteers may need to work on the deliverables outside of the working sessions.
Skills
Must have
Nice to have
Languages
Must have
UN SDGs supported
Empact
At Empact, our mission is to build the capacity of nonprofit organisations and social enterprises, so that they can scale their social impact. Find out more here: empact.sg
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