Financial Planning & Business Advisor
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Overview
Scope & Deliverables
Founded in 2009, Fair Trade Judaica (FTJ) initially focused on outreach and education. Over the last several years, FTJ added product design, development and sales to its mix of activities. Income is currently generated through on-line sales, wholesale sales, wholesale rep commissions, and sales at fairs as well as through tax-deductible donations. From 2012-2013, total sales from its income-generating strategies rose by 40%, reaching $42,000; its 2014 forecast is $61,000.
FTJ needs to: 1) develop realistic three-year financial projections for its income-generating activities, and 2) assemble advisors to help monitor its strategies and consult on needed adjustments going forward.
Specific tasks for the consultant(s) would include one or more of the following:
- Review current income-generating strategies
- Assist in identifying major assumptions behind the financial projections
- Help us accurately identify COGS
- Identify potential ways to improve current strategies (optional)
- Develop a multi-year spreadsheet model with input variables to accomplish goals
- Assist in developing forecasted income statements.
- Provide on-going advice on strategies and needed adjustments to strategies.
Organization Description
Fair Trade Judaica, based in the Bay Area, promotes fair trade as a Jewish value through educating the Jewish community, and expanding the production, distribution, and sale of fair trade Judaica products.
Project Results
FTJ is working to achieve financial sustainability. We have been successful in launching several income-generating projects. The ability to generate additional income will support the staffing level needed to ensure greater stability and to fulfill our strategic vision.
Required Skills/Experience
Experience analyzing and making financial projections for small start-up organizations
Business development and marketing, a plus
Understanding of the market for "fair trade" vs. general merchandise, a plus
