Banana skins to watch out for...
• Social enterprise – if you’re
going to do it, do it with your
The definitions mire
• Not necessarily for you, but understand what
people will ‘project’ onto you based on their
understanding (i.e. commissioning officers)
• Social enterprise can take any one of 13
different legal forms...
• Risk of market confusion with increasingly
ethical practices of private companies
You need to make a profit
• Need for customers as well as consumers
• Ongoing reliance on grants and donations =
Staff performance issues
• Not everyone who works in a social enterprise
will be the perfect employee...
Advice and support
• Don’t take it at face value – question it
• You have to live with this enterprise, not your
advisor, so get them to explain why what
they’re recommending is not only the best
option, but also the best use of your time
The banana skins:
• Confusing definitions
• Need for paying customers
• Don’t tolerate under performing staff
• Question the validity of advice and support
Case study – Caremart Ltd
• Footcare for older people
• Flagship social enterprise for DoH
• National investment programmes
• Replicating enterprise
The banana skins it had to deal with...
• Incorporated as a share company (on advice)
• Refused loan from social enterprise lender
because ‘you’re not a social enterprise’
(lender didn’t understand definitions)
• Delayed applications to national investment
programmes owing to problems with
application documents (poor performance)
BUT DON’T BE PUT OFF!!
• Now you know what the problems are likely
to be you can avoid them and enjoy it more!