Gabriola Island Community Investment Cooperative - Empowering Sustainable Local Development
The Gabriola Island Community Investment Cooperative (GICIC) aims to foster a sustainable island economy and create a thriving community by investing locally in social, economic, and environmental endeavors. GICIC seeks high social returns in areas such as sustainable businesses, food security, waste recovery, clean technologies, and more. Their approval process involves reviewing proposals based on business plans, with decisions made by the Board of Directors. The business plan focuses on project overview, funding requests, financial forecasts, and risk mitigation strategies.
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Presentation Transcript
GICIC Business Planning
What is the Role of the Gabriola Island Community Investment Cooperative? GICIC will help Gabriola grow a sustainable island economy and a healthy community. By investing locally in identified areas of social, economic and environmental benefit. GICIC is prepared to invest in current and new enterprises, as well as providing interim financing to not-for-profits. GICIC assets currently exceed $50,000.
Goals of Local Investing High social return Private financial return Manageable risk A business plan needs to speak to each element.
GICIC Seeks High Social Returns in the Areas of: Sustainable local businesses and local work Food security and sustainable agri-food businesses First Nation partnerships Waste recovery and recycling Clean technologies and renewable energy Affordable housing
Approval Process Proposals are reviewed by the GICIC Advisory Committee based on the business plan and meeting with the applicant. Advice is given to the Board of Directors which makes the final decision.
Business Plan Elements 1. Project Overview What is the opportunity and what are the expected benefits? How well does it conform with GICIC s areas of investment priority? What are the project s key milestones?
2. What is being requested of GICIC? Loan amount, timing and potential repayment terms? Advice re project planning and implementation? Facilitated coordination with other interested parties?
3. Financial Forecast What are the forecast revenue and expenditures, capital and operating, for the project? On what market and regulatory assumptions are these forecasts based?
4. With respect to risk, what are the exposures and risk mitigation plans? financial resources human resources approval structures and processes competition facilities and technology
What does a short business plan look like? Opportunity 1.Problem Summary 2.Solution Summary 3.Market Summary 4.Competition 5.Overview 6.Why Us?
Financial Plan 1. Forecast 1. Key Assumptions 2. Revenue by Month 3. Expenses by Month 4. Net Profit (or Loss) by Year 2. Financing 1. Use of Funds 2. Sources of Funds 3. Statements 1. Projected Profit & Loss 2. Projected Balance Sheet 3. Projected Cash Flow Statement
