Tatawwar

Course Modules

% Completed

Module 1	Building your social business
Unit 1	Understanding your ideal customer
Unit 2	How do you add value for your customers?
Unit 3	How will you get to your customers?
Unit 4	How will customers pay for your extra value?
Unit 5	What are the key resources, partners and their activities?
Unit 6	What are the costs of your business?
Unit 7	Making your business sustainable – Creating profits

Unit Video

Unit Summary

In the last module you identified the amount of profit you could generate from each sale.

Now calculate the quantity of sales that you expect to have in the next 12 months. Multiply the profit from each sale by the quantity. This will give you the total profit of your social business over the year.

Then, calculate the fixed costs you would need to pay for in the next 12 months. This includes salaries of people who will be working for your business and any other monthly expenses. It is good to keep these as low as possible.

Build Your Action Plan

What is the price at which you will be selling each item? (You can edit your answer later. Please limit your answer to one number in USD.)

What is the profit you make per product you sell? (Selling Price – Unit Cost) (You can edit your answer later. Please limit your answer to one number in USD.)

How many products are you planning on selling in a year? (You can edit your answer later. Please limit your answer to one number.)

How much profit will your business make over a year? (Profit x number of products sold in a year - yearly fixed costs) (You can edit your answer later. Please limit your answer to one number in USD.)

Action Plan Template

Click on the button below to generate your action plan. You can go back at any time to various units in the course and edit your answers and generate a new action plan.

Generate your action plan

Dig Deeper

Transcript

You have come a long way in this course!

You have learned about water, climate and health challenges that the world is facing. You have learnt the process of coming up with new and original solutions to these challenges and finally, you learned how to develop your Social Business.

Over the past modules, you have identified the ideal customer that could buy your solution because of the extra value you will provide. You have also identified the resources and partners you need to deliver your solution.

You are already working in an area that is good for people and the planet.

Now, we are ready to build a simple financial plan to help you determine if the business can pay for itself in the long run.

In the last module you identified the amount of profit you could generate from each sale.

Now calculate the quantity of sales that you expect to have in the next 12 months. Multiply the profit from each sale by the quantity. This will give you the total profit of your social business over the year.

Then, calculate the fixed costs you would need to pay for in the next 12 months. This includes salaries of people who will be working for your business and any other monthly expenses. It is good to keep these as low as possible.

Finally, you can work out if you have a successful business model. Are the total profits higher than the fixed costs? If not, you will need to go back and reduce the fixed costs, increase your profits or plan to sell more.

There is nothing guaranteed in business, but if you put a good plan in place, you have a better chance of success. As the saying goes, failing to plan is planning to fail!

Congratulations! You have reached the end of the course. The submission fields below will remain open and you can edit and make changes to everything up to the deadline. Use the opportunity to go back in the course, review your assumptions, plans and solutions, and update your answers.

We are looking forward to reading about your innovative solution and helping you develop your Social Business.

Stay tuned for the webinars and workshops that will take place over the next few weeks. You can use these sessions to get answers to any questions you may have.

Good Luck!

Related Resources

Calculator: Break-Even Analysis Calculator
Calculator: Profit and Loss Calculator
Article: Financial literacy: Learn the basics of financial planning
Article: 5 reasons why you need a financial plan
Profit calculation method:

Making your business sustainable – Creating profits

Business Model Canvas

0 POINTS

Complete the units, enroll in new courses, answer survey questions

By gaining points, you can win a personalised one on one coaching session

Complete the course to see how your learning has improved and gain 10 points

Answer the questions in each unit to generate your custom action plan and gain points

Collect points to be able to ask an expert any question you may have

Course Modules

Course Modules

Unit Video

Unit Summary

In the last module you identified the amount of profit you could generate from each sale.

Now calculate the quantity of sales that you expect to have in the next 12 months. Multiply the profit from each sale by the quantity. This will give you the total profit of your social business over the year.

Then, calculate the fixed costs you would need to pay for in the next 12 months. This includes salaries of people who will be working for your business and any other monthly expenses. It is good to keep these as low as possible.

Build Your Action Plan

Action Plan Template

Click on the button below to generate your action plan. You can go back at any time to various units in the course and edit your answers and generate a new action plan.

Dig Deeper

Transcript

You have come a long way in this course!

You have learned about water, climate and health challenges that the world is facing. You have learnt the process of coming up with new and original solutions to these challenges and finally, you learned how to develop your Social Business.

Over the past modules, you have identified the ideal customer that could buy your solution because of the extra value you will provide. You have also identified the resources and partners you need to deliver your solution.

You are already working in an area that is good for people and the planet.

Now, we are ready to build a simple financial plan to help you determine if the business can pay for itself in the long run.

In the last module you identified the amount of profit you could generate from each sale.

Now calculate the quantity of sales that you expect to have in the next 12 months. Multiply the profit from each sale by the quantity. This will give you the total profit of your social business over the year.

Then, calculate the fixed costs you would need to pay for in the next 12 months. This includes salaries of people who will be working for your business and any other monthly expenses. It is good to keep these as low as possible.

Finally, you can work out if you have a successful business model. Are the total profits higher than the fixed costs? If not, you will need to go back and reduce the fixed costs, increase your profits or plan to sell more.

There is nothing guaranteed in business, but if you put a good plan in place, you have a better chance of success. As the saying goes, failing to plan is planning to fail!

Congratulations! You have reached the end of the course. The submission fields below will remain open and you can edit and make changes to everything up to the deadline. Use the opportunity to go back in the course, review your assumptions, plans and solutions, and update your answers.

We are looking forward to reading about your innovative solution and helping you develop your Social Business.

Stay tuned for the webinars and workshops that will take place over the next few weeks. You can use these sessions to get answers to any questions you may have.

Good Luck!

Related Resources

Calculator: Break-Even Analysis Calculator

Calculator: Profit and Loss Calculator

Article: Financial literacy: Learn the basics of financial planning

Article: 5 reasons why you need a financial plan

Profit calculation method: