Our future success is tied to our financial sustainability. And to be financially sustainable, we must create a viable financial model with a manageable cost structure, an adequate and reliable income stream and enough free cash flow to invest in the future.
A space for us all includes a financial plan with four inherent objectives:
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Reduce the fixed cost base to balance the budget for the foreseeable future.
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Set aside five per cent of commercial revenue to help manage financial risk, or to invest in strategic initiatives.
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Reinvest in line with strategic priorities.
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Diversify revenues and share risks through partnerships.
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