At the beginning of Day 3, Randy White shared about soul care for the social entrepreneur.
After getting an update from each entrepreneur, Andrew Shinn taught business modeling – how to plan and project for success. Participants learned about pricing, cost of goods sold, monthly fixed costs, break-even point, and how to project forward-looking income statements. Andrew shared the example of the Coolest, and how to properly model and plan your business.
For today’s field trip, we visited Tree of Life Cafe. Steve and Carolyn Ocheltree shared their entrepreneurial journey with us and fed us some delicious tomato basil soup and bierocks. Steve also mentioned Quickbooks Online as a great tool for startup accounting.
After lunch, Alex Hussain-Leon shared some excellent tech and productivity tips. Some of the tools he shared include:
- Google Drive (and all the associated tools)
- Asana – A project management tool
- Hubspot – A great free Hubspot
- Canva – A great free graphic design tool
Jeremy Hofer from Access Plus Capital explained sources of startup funding for entrepreneurs, shared some financial management tools, and made social entrepreneurs ready to interact with lenders (if that becomes necessary).
Jeremy shared this business startup costs worksheet
And this cashflow projections template
And this financial projections spreadsheet
Some of the participants in the Social Enterprise Academy include: