A solid financial strategy ensures that a social enterprise has the capacity to achieve its mission and the flexibility to respond and adapt to changing financial conditions. It is one of a core set of strategies that enable social enterprise success in both the short- and long-term.

This workshop will introduce social enterprise practitioners to a financial framework they can use for sustained financial health. It will:

• Define and establish a clear and executable financial strategy;
• Identify principles and best practices to achieve superior financial performance in areas related to procedures, liquidity, resilience, sustainability and growth; and
• Discuss the use of key financial documents – income statement, cash flow statement and balance sheet.

About Michael Murr:

Michael Murr is a seasoned and client-focused leader with broad experience in strategy, programs and governance in not-for-profit and municipal government settings. He is collaborative and thoughtful by nature and is inspired by the power of social enterprise as a force for good.

Michael has worked with dozens of social enterprises which has given him a deep understanding of the challenges faced and what it takes to be successful. He regularly coaches and consults with clients to help them articulate their business ambitions and set an effective course for the future.

Prior to joining CSED, Michael was the executive director of an Ottawa-based environmental non-profit where he led the organization through a time of significant change and renewal. He has also spearheaded economic development programs and partnerships with industry stakeholders, chambers of commerce, business improvement areas and other levels of government to improve business conditions and support business success.

Please Note: The "Practitioner Series" has been created to specifically cater to the needs of social enterprise practitioners and executives. All registrants will be contacted to establish details of their social enterprises and/or to establish their relationship with the social enterprise sector. Preference will be given to social entrepreneurs from Ottawa but, where possible and if seats are available, we will accommodate out of Ottawa interests also.