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Social enterprise slideshow hva funding fair

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  • 1. Social Enterprise Trading Places?
  • 2. What is a Social Enterprise?
    • These are!
  • 3. So what’s a Social Enterprise?
    • Social Enterprises are businesses that create income from trading activity to address a social or environmental need and generate profits that are re-invested for a social or environmental purpose
  • 4. Twelve Steps to Start Up
    • Define your business ideas
    • Define your social or environmental purp ose
    • Conduct a risk assessment
    • Conduct market research
    • Select your business model
    • Assess your skills and ide ntify your resources
    • Take professional busi ness, legal and accountan cy advice
    • Develop your bu sines s plan
    • Select the bes t l egal form
    • Obtain any necessary permi ssions/licensing/i nsurance
    • Identify and secure funding and finance
    • Open a bank account and r egister with HM RC/VAT
  • 5. Sustainable trading
    • Turnover is vanity, profit is sanity
    • Balancing customer needs, money and mission
    • Understand the foodchain
    • Impact pricing
  • 6. Sustaining organisations
    • Balanced income streams reduce risks
    • Business skills improve team performance
    • Customer focus improves retention and brand loyalty
  • 7. How to become a Social Enterprise
    • Identify the social or environmental problem your enterprise will overcome
    • Have a great business idea that can maximise benefits and keep costs down
    • Get a real business plan that you love and can use
    • Apply for the Social Enterprise Mark and use it proudly
  • 8. Business models
    • Manufacture
    • Distribution
    • Retail
    • Services
    • Direct or indirect
    • Team or sole trader
    • Sub-contractor
    • Franchise
  • 9. Legal forms
    • Sole trader/Unincorporated Association/Unregistered Charity/Partnership
    • Limited Liability Company/CIC by shares or guarantee (Directors)
    • Limited Liability Partnership (Designated Members)
    • Co-operatives/IPS (Executive Committee)
    • Charitable Incorporated Organisation or Registered Charity and trading arm subsidiary (Trustee/Directors)
  • 10. Finance and Funding
    • Start Up Grant - Unltd Level 1 (max £5k)and Business Enterprise Fund (max £1500 match)
    • Investment and loan – Impetus CDFI/Clearly So/Big Issue Invest/Equity Plus/Social Investment Business
    • Development grant – BEF Business Booster (max £5k over 9 months old, £1500 less than 9 months)
  • 11. Current economic challenges
    • Market polarity, middle being squeezed
    • High inflation, especially energy/fuel
    • Personalised budgets (Health and Social Care)
    • Disposable income do wn , essentials only
    Social Enterprise Please Support?
  • 12. Q&A
  • 13. Signposting
    • Unltd www.unltd.org.uk
    • BEF www.herefordshire.gov.uk/business/business_support/45918.asp
    • www.shropshire.gov.uk/economicdevelopment.nsf
    • Impetus www.impetus-marches.co.uk
    • Big Issue Invest www.bigissueinvest.com
    • Clearly So www.clearlyso.com
    • Business Link www.businesslink.gov.uk
    • Elaine Edwards [email_address]
    • Nick Comley [email_address]
    • Social Enterprise West Midlands www.socialenterprisewm.org.uk