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

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