Click on the TEAMWORK, READ, AND WATCH tabs to find your team assignments and required and recommended readings and videos for this Module.

Use the form on the SUBMIT TEAMWORK tab to upload your team assignments by 5 PM of the assigned due date.

[Due by 5 PM Oct 15]

FINANCIAL SUSTAINABILITY WORKSHEET [required]

In your teams, building from the exercises in class, complete the Financial Sustainability Worksheet.  Prepare a brief summary of any insights you gained about your coop from this exercise and up to three questions that it raises for you to test, research, or address.

RESOURCES

Here are the two worksheets that were distributed in class on Oct 8:

Financial Sustainability Worksheet (download word doc)

Basic Break-Even Worksheet (pdf form)

…and the 1-page financial vocabulary poster

10 Key Financial Terms

SUBMIT YOUR FINANCIAL SUSTAINABILITY WORKSHEET TEAM ASSIGNMENT HERE BY 5 PM 10-15-18

Using Google docs or sheets? Enter the url above.

3 Kinds of Financial Statements from Worker-Owner Workbook: A Guide to Embracing the Worker-Owner Culture, Cincinnati Union Co-op Initiative, 2018.

If you are interested in learning more about understanding the three basic kinds of financial reports, check out this video on Lynda.com:

Financial Literacy: Reading Financial Reports

If you have a Los Angeles Public Library card, you have free access to Lynda.com through the e-media and digital resources section of the library website.  Lynda.com has high-quality video tutorials on how to use various kinds of software, as well as some nice videos about business.

…and

Here is a copy of the powerpoint about financial terms from our Oct 8 session:

Basic Business Financials

[Due by 5 PM Oct 22]

TODAY, TOMORROW, & RAMP-UP SPREADSHEET [required]

In your teams, building from the exercises in class and using Pro Forma Spreadsheet Tool, take your co-op from where it is today (or where it will be your first day) to your short-term ideal break-even point. The tool provides a month-to-month ramp-up over 20 months. Your team might use less or more months to get to your goal and/or you may choose to use quarterly projections.

Some considerations:

– Consider whether increases in revenue also require an increase in fixed costs, and make those adjustments if that makes sense; or,

-If increases in sales create an economy of scale that lowers your COGs, make those adjustments as well. 

-Briefly state the assumption upon which each change or adjustment is based. 

-If your co-op or collective already “breaks even” based on paying your fixed costs, consider:

– Is everyone getting paid what they need to get paid?

-Is there a shared desire to grow the company?

-What is your shared aspirational, short-term bottom-line?

 RESOURCE

Pro Forma Spreadsheet Tool 

In-class presentation: Taxes

In-class example: Basic Bike Shop

Payroll Tax calculator

SUBMIT YOUR BREAK-EVEN  TEAM ASSIGNMENT HERE BY 5 PM 10-22-18

Using Google docs or sheets? Enter the url above.

REQUIRED

Just Transition Zine by Movement Generation
Ways to Finance a Co-op by BRED

RECOMMENDED

Principles of the Financial Cooperative [TBD]
Excerpt from Raise Capital on Your Own Terms: How to Fund Your Business Without Selling Your Soul by Jenny Kassan
Financing Cooperatives by the Democracy Collaborative
Examples of Direct Public Offerings by Cutting Edge Capital