Social enterprise slideshow hva funding fair

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Social enterprise slideshow hva funding fair

  1. 1. Social Enterprise Trading Places?
  2. 2. What is a Social Enterprise?What is a Social Enterprise? These are!These are!
  3. 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. 4. Twelve Steps to Start Up 1. Define your business ideas 2. Define your social or environmental purpose 3. Conduct a risk assessment 4. Conduct market research 5. Select your business model 6. Assess your skills and identify your resources 7. Take professional business, legal and accountancy advice 8. Develop your business plan 9. Select the best legal form 10.Obtain any necessary permissions/licensing/insurance 11.Identify and secure funding and finance 12.Open a bank account and register with HMRC/VAT
  5. 5. Sustainable trading • Turnover is vanity, profit is sanity • Balancing customer needs, money and mission • Understand the foodchain • Impact pricing
  6. 6. Sustaining organisations • Balanced income streams reduce risks • Business skills improve team performance • Customer focus improves retention and brand loyalty
  7. 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. 8. Business models • Manufacture • Distribution • Retail • Services • Direct or indirect • Team or sole trader • Sub-contractor • Franchise
  9. 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. 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. 11. Current economic challenges • Market polarity, middle being squeezed • High inflation, especially energy/fuel • Personalised budgets (Health and Social Care) • Disposable income down, essentials only Social Enterprise Please Support?
  12. 12. Q&A
  13. 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 elaine.edwards@herefordshire.gov.uk • Nick Comley nickc@comfirst.org.uk • Social Enterprise West Midlands www.socialenterprisewm.org.uk

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