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8:T2b64,{"id":"cG9zdDo4OTk2","title":"Local Community Planning and Development Financial Model Example","content":"<p>Our Local Community Planning and Development Financial Model Structure covers all the essential aspects you need to consider when starting or scaling a Local Community Planning and Development business. By following this structure, you can better understand your revenue streams, costs, and assets, helping you optimize profitability and strategically plan for growth.</p>\n<h2>Local Community Planning and Development financial model structure</h2>\n<p>Financial planning is intrinsic to any successful Local Community Planning and Development business. A robust financial model outlines typical revenues, direct costs, employees, expenses, and assets you need to consider when starting or growing your business. A well-developed Local Community Planning and Development financial model not only guides everyday decision-making but also opens pathways to new and potentially profitable revenue streams. The Local Community Planning and Development financial model structure is essential. Although it may seem complex, understanding these components is vital for success. Because of this, many entrepreneurs prioritize financial planning.</p>\n<h3>Revenues</h3>\n<p>The typical revenue streams for a Local Community Planning and Development business include:</p>\n<ul>\n<li><strong>Project Development Fees:</strong> This revenue is calculated by multiplying the agreed fee by the number of projects managed.</li>\n<li><strong>Consultancy Services:</strong> This can be calculated as a product of hourly rates and the number of hours billed.</li>\n<li><strong>Government Grants:</strong> These are based on potential funding available from government bodies for development projects.</li>\n<li><strong>Community Program Income:</strong> This is derived from attendance or participation fees in organized community programs.</li>\n<li><strong>Land Leasing:</strong> Revenue generated from leasing community-owned land to businesses or residents is calculated by lease rates times square footage.</li>\n<li><strong>Event Management Fees:</strong> Income from planning and managing community events is calculated by event management fees per event. However, there are various factors that can affect these calculations. Because of this, accurate forecasting is essential for sustaining the business.</li>\n</ul>\n<h3>Cost of goods sold</h3>\n<p>The corresponding cost of goods sold includes project expenditures, consultancy deliverables, and other direct costs associated with the production of revenue from these streams. However, this can vary significantly based on market conditions and operational efficiency. Although these factors play a crucial role, it is essential to consider the broader context of the business environment because fluctuations can impact profitability. This complexity is often underestimated, but understanding it is vital for informed decision-making.</p>\n<h3>Employees</h3>\n<p>Typical employees needed in your business may consist of:</p>\n<ul>\n<li><strong>Project Managers:</strong> Overseeing projects and ensuring they are completed on time and within budget.</li>\n<li><strong>Community Consultants:</strong> Engaging with community stakeholders, providing strategic advice; however, their role is complex.</li>\n<li><strong>Administrative Staff:</strong> Managing office tasks, such as scheduling and communication.</li>\n<li><strong>Financial Analysts:</strong> Handling the financial planning and analysis tasks.</li>\n</ul>\n<p>Although these roles are distinct, they often overlap because collaboration is essential. This variety of positions ensures efficiency, yet challenges can arise from differing priorities.</p>\n<h3>Operating expenses</h3>\n<p>Typical operating expenses include:</p>\n<ul>\n<li><strong>Office Rent:</strong> Costs related to leasing office space.</li>\n<li><strong>Utilities:</strong> Expenses for electricity, water, and other essential services.</li>\n<li><strong>Salaries and Wages:</strong> Payments to employees.</li>\n<li><strong>Marketing:</strong> Expenses associated with promoting your business.</li>\n<li><strong>Supplies:</strong> Office and project-related supplies.</li>\n<li><strong>Insurance:</strong> Policies needed to protect the business.</li>\n<li><strong>Professional Fees:</strong> Payments to consultants, attorneys, or accountants.</li>\n<li><strong>Software Licenses:</strong> Cost of software necessary for operations.</li>\n<li><strong>Travel Expenses:</strong> Costs associated with business travel.</li>\n<li><strong>Maintenance:</strong> Upkeep of office and project equipment.</li>\n</ul>\n<h3>Assets</h3>\n<p>The most typical assets required include:</p>\n<ul>\n<li><strong>Office Equipment:</strong> Computers, printers, and other devices are essential.</li>\n<li><strong>Vehicles:</strong> Company-owned vehicles are utilized for project and community site visits.</li>\n<li><strong>Land:</strong> Held for future development or leasing.</li>\n<li><strong>Software and Licenses:</strong> Necessary software is required for project management and planning; however, this can be complex.</li>\n</ul>\n<h3>Funding options</h3>\n<p>The typical funding options available are:</p>\n<ul>\n<li><strong>Bank Loans:</strong> Traditional loans from banks or financial institutions; however, they can be difficult to obtain.</li>\n<li><strong>Equity Investment:</strong> Selling shares in the company to investors can provide substantial capital, but it dilutes ownership.</li>\n<li><strong>Government Grants:</strong> Funds provided by governmental bodies for development purposes are often competitive, although they can greatly assist in project funding.</li>\n</ul>\n<h2>Driver-based financial model for Local Community Planning and Development businesses</h2>\n<p>A truly professional financial model for Local Community Planning and Development businesses is based on the operating KPIs (also known as &#8220;drivers&#8221;) relevant to the business. There are several examples of operating KPIs:</p>\n<ul>\n<li><strong>Project Completion Rate:</strong> The rate at which projects are completed on time and within budget.</li>\n<li><strong>Client Satisfaction Score:</strong> A measure of how well client needs and expectations are being met, because this affects future business.</li>\n<li><strong>Utilization Rate of Employees:</strong> The percentage of time employees are engaged in productive work; this is crucial for efficiency.</li>\n<li><strong>Cost Per Project:</strong> Average expenses incurred per project can vary significantly.</li>\n<li><strong>Revenue Per Employee:</strong> Average revenue generated per employee illustrates productivity levels.</li>\n<li><strong>Grant Approval Rate:</strong> The percentage of submitted grants that are approved for funding; however, this can fluctuate.</li>\n<li><strong>Lease Occupancy Rate:</strong> The percentage of available leasing space that is occupied, but it can be influenced by market conditions.</li>\n</ul>\n<p>Driver-based financial planning constitutes a method for identifying the crucial activities (often referred to as ‘drivers’) that exert the most significant influence on your business outcomes. Subsequently, it involves constructing your financial plans grounded in those activities. This approach enables the establishment of relationships between financial results and the resources required to attain those outcomes (such as personnel, marketing budgets, equipment, etc.). If you wish to delve deeper into driver-based financial planning and understand why it is an optimal strategy for planning, consider viewing the founder of Modeliks elucidate this concept in the video below.</p>\n<p><iframe loading=\"lazy\" title=\"Unleashing the Secrets: Dominating Driver-Based Financial Planning\" width=\"640\" height=\"360\" src=\"https://www.youtube.com/embed/TRMzfKz9OOw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen></iframe></p>\n<h2>The financial plan output</h2>\n<p>The objective of the financial forecast outputs is to permit you and your management, board, or investors to: quickly grasp how your Local Community Planning and Development business will fare in the future. You will gain reassurance that the plan has been thoroughly considered, is realistic, and can be attained. Furthermore, you should comprehend what investments are necessary to enact this plan and what the returns on the investments will be. To accomplish these aims, here exists a one-page template intended to effectively present your financial plan.</p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"/images/cms/WhatsApp-Image-2024-09-27-at-09.52.52.jpeg\" alt=\"Local Community Planning and Development financial plan\" width=\"800\" height=\"520\" /></p>\n<p>In addition to this one-page overview of your plan, it is essential that you possess the three projected financial statements:</p>\n<ul>\n<li>Profit and Loss</li>\n<li>Balance Sheet</li>\n<li>Cash Flow Statement</li>\n</ul>\n<h2>Local Community Planning and Development financial model summary</h2>\n<p>A professional Local Community Planning and Development financial model will help you think through your business and identify the resources you need to achieve your targets. It will also set goals, measure performance, raise funding, and make confident decisions to manage and grow your business. However, this process is essential because it provides a structured approach to achieving success, although some may find it challenging.</p>\n<p>If you need help with your financial plan, try <a href=\"https://modeliks.com\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, a financial planning solution for SMEs and startups or contact us at <a href=\"mailto:contact@modeliks.com\">contact@modeliks.com</a> and we can help.</p>\n<p>Author:<br />\n<a href=\"https://www.linkedin.com/in/blagojahamamdziev/\">Blagoja Hamamdjiev</a>, Founder and CEO of <a href=\"https://www.modeliks.com/\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, Entrepreneur, and business planning expert.</p>\n<p><em>In the last 20 years, he helped everything from startups to multi-billion-dollar conglomerates plan, manage, fundraise, and grow.</em></p>\n","slug":"local-community-planning-development-financial-model-example","date":"2025-02-07T11:07:45","featuredImage":{"node":{"id":"cG9zdDo5OTg2","sourceUrl":"/images/cms/getty-images-pwCqjnJqSOw-unsplash.jpg","altText":"Local Community Planning and Development business plan"}},"seo":{"metaDesc":"Optimize your Local Community Planning and Development financial model to drive sustainable growth. 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