Microfinance and Economic Development

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Microfinance and Economic Development

Overview

The programme will show you how to think about and build a basic financial model from the ground up, starting from a single business unit) – a stand-alone profit-center, like a branch, sales office, or individual franchise,  – that is replicated when you scale. This approach helps ensure that your product or service can be realistically commercialized, and that the business model is built for scalability from the start. This programme is valuable for social enterprises of all shapes and sizes, and at all stages of the start-up cycle. It is applicable to a wide range of people, including aspiring social entrepreneurs, non-profits that want to create market-based projects, investors evaluating a new business venture, as well as corporate entrepreneurs that want to launch ventures aimed at the bottom of the pyramid market.

Description

Learning Mode

Classroom

Study Level

Certificate Course

Duration

7 days

Course Delivery

Intensive

Start Date

22nd September, 2020

Cost

£300 per module

Campus

London

Description

This course teaches students, including those from non-profit organisations, social entrepreneurs, corporate entrepreneurs, and social change leaders, how to use financial modelling and creative approaches to market-based funding to scale the impact of their work. This course will be valuable for organisations of all shapes and sizes, and particularly useful for those in the early stages of development.

objectives

This course is designed to introduce the concept, as well as engage students and their tutor in a joint learning experience of this field. Through this course, students will:

  • Learn how to build a basic financial model from the ground up, starting from a single business unit – a stand-alone profit-center (like a branch, sales office, or individual franchise) that is replicated when you scale.
  • Be able to apply this approach to ensure that their product or service can be realistically commercialized, and that the business model is built for scalability from the start.
  • Understand how to estimate the reach and size of their operational unit and identify what costs at scale means to their organisation.
  • Understand how to think about and calculate the funding requirements for building and maintaining a capacity that allows them to innovate, learn, and grow your organisation.
  • Understand the importance of focusing on financial sustainability early-on in the development cycle of a venture or a programmatic initiative.

Courses Curriculum

Module 1

Financial model and financial modelling

Module 2

Financial modelling best practices and steps for a new social venture

Module 3

Types of financial models and uses of financial modelling

Module 4

Achieving financial sustainability in non-profit organisations

Module 5

Financial modelling techniques and skills

Module 6

Building a basic financial model

Module 7

Financial Investment Model

Module 8

Financial analysis and planning

Module 9

Financial statements – preparations and interpretations

Module 10

Risk management in financial decisions

Module 11

Economic theory and financial management

Module 12

Foundations of accounting and valuation

Module 13

Corporate finance and financial engineering

Module 14

Entrepreneurial finance, financial instruments, and contracts

Module 15

Funding sources

Key Benefit

  • Understand how to ‘bound’ your operational unit.
  • Know how to estimate the number of customers or beneficiaries served by the operational unit at ‘steady-state’.
  • Identify the three main components of ‘total running costs’ and how to estimate them.
  • Know how to undertake long-term financial planning.
  • Raise funds effectively.
  • Assess the merits of mergers and other restructuring activities.
  • A strong understanding of the practical application of risk management to deliver more effective financial decisions.
  • Gain practical experience by applying the key concepts covered in this course to a ‘Financial Challenge’ of your own – an early-stage business concept of a venture or an early-stage programmatic initiative idea.

Teaching Outcomes

After studying this course, students should be able to:

  • Have the knowledge on how to build a basic financial model from the ground up, starting from a single (business unit) – a stand-alone profit-center (like a branch, sales office, or individual franchise) that is replicated when you scale.
  • Be able to apply this approach to ensure that your product or service can be realistically commercialized, and that the business model is built for scalability from the start. Short activities to support readings.
  • Daily journals for students to engage in discussions among their peers.

Teaching Methods

The Teaching Methods For This Course Include:

  • Individual or group activity on a topic area of interest to the students pertaining to cooperative and social enterprise.
  • Daily discussion and reflection questions on readings.
  • Short activities to support readings.
  • Daily journals for students to engage in discussions with their peers.

Fees and funding

Level 1

£1,250

Level 2

£1,950

Please submit your application at least two weeks prior to the programme start date. Since qualified candidates are admitted on a rolling, space-available basis, early application is encouraged. Admission is selective and based on professional achievement and organisational responsibility. Although there are no formal educational requirements, proficiency in written and spoken English is essential. LSSE expects the full commitment of the participant and their organisation because our programmes enhance the leadership capacity of the participant as well as their organisation. While participants are attending a programme, sponsoring organisations agree to relieve them of their work responsibilities so that they can fully focus on the learning experience.
This course is accredited and, to be awarded credit, you must satisfactorily complete written components. Successful students will receive credit, awarded by the Board of Studies of London School of Social Enterprise and International Affiliates. The award will take the form of an Advanced Certificate. Exceptional students will be recognised.

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