We recently finished prototyping for our Business Model Generation Part 2: Financial Forecasts lab so wanted to introduce you to our partner. Medora Ventures is a strategy consulting firm for purpose driven ventures. It was founded on the belief that the most valuable investments produce a return not only for shareholders but also for the local community, for society overall, and ultimately for generations to come. They apply proven approaches to develop impact strategies that minimize resource use, mitigate risks, and ensure lasting gains. They help clients measure and message their impact in the world, which sets them apart from competitors and builds customer loyalty. They also help unlock opportunities for growth by creating outreach strategies and developing connections into new markets and sectors. Continue reading to learn more about the lab.
Once the Business Model Canvas tool has been has been created, this lab teaches participants to create a financial model and financial forecast. they will learn the basics of building a simple financial model and forecast while studying archetype case studies of common financial models relevant to CARE’s work including rural sales and distribution, trading platforms, social enterprises, and consulting. Previously, when CARE has sought to spin off a social enterprise or create a consulting practice, we hired consultants to create financial forecasts. The problem is, those models end up being too complex and staff do not have the skills to actively use the tools. Furthermore, the complex models are not appropriate for early stage ventures that are still evolving their business models. Instead, staff shepherding the ventures need the skills to use the forecasting tools and actively adapt the model as the model evolves.