About this Event
Join this interactive training session delivered by The Circle to gain the confidence and enhance your practical skills to manage your finances, understand your costs and build a financially sustainable social enterprise. In this session, you will learn from using practical examples, group discussions and exercises relevant to early-stage social enterprises.
Key topics:
- Understanding basic financial statements, including profit and loss, cash flow and balance sheets.
- Identifying start-up costs, ongoing operating costs and setting appropriate prices.
- Understanding the difference between profit, cash flow and available funds.
- Preparing simple budgets and cash-flow forecasts.
- Exploring trading income, contracts, grants, donations and other income sources.
- Developing a diversified income model to reduce reliance on grant funding.
- Identifying financial risks, managing reserves and planning for long-term sustainability.
Practical activity: Participants work through a simple budget and cash-flow forecast for their enterprise, identifying potential income streams, financial pressures and opportunities to improve resilience.
Learning outcome: Participants will gain a better understanding of financial management, develop basic budgeting skills and identify practical ways to strengthen their organisation's financial resilience and sustainability.
The Circle, founded in 2016, is an award-winning Community Interest Company with a More Than Profit® ethos. As a training deliverer, The Circle will draw on its own experience of operating social enterprise hubs and developing community services to bring the topics to life.
This opportunity is brought to you by TSI Dundee. The Third Sector Interface for Dundee is working alongside The Circle and partners to bring a series of training session to support the grow and development of social enterprise in Dundee. For more information, please contact [email protected].
Event venue & nearby stays
TSI Dundee, Number Ten,, Dundee, United Kingdom
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