Transform Your Business Model with Social Enterprise Presented by: Maria Fabula President & CEO Community Resource Center
Introductions Community Resource Center
Defining Social Enterprise
Defining Social Enterprise Social enterprises are businesses whose primary purpose is the common good. They use the methods and disciplines of business and the power of the marketplace to advance their social, environmental and human justice agendas. ~Social Enterprise Alliance
What can social enterprise offer? Sustainable economic model Consistent, predictable cash flow Diverse funding base Increased brand awareness Improved Skills and Expertise Greater Innovation and Creativity Increased Impact
Social Enterprise Terms Community Resource Center
Social Enterprise Spectrum
Social Enterprise Components Directly addresses social need What is Social Enterprise? Source: Social Enterprise Alliance Commercial activity drives revenue Common good is primary purpose
Exchange Program Cohort
Social Enterprise Examples Business Model: Buy One, Give One
Social Enterprise Examples Business Model: Donate & Resell
Social Enterprise Examples Business Model: Pay What You Want
Social Enterprise Examples Other SE Business Models: Market Intermediary Model Employment Model Fee-for-Service Model Cooperative Model Market Linkage Model Service Subsidization Model
For-Profit vs. Non-Profit
Earned Income Revenue generated from the sale of goods, services rendered, work performed or interest earned/investment income.
Fee-for-service Payments for services or products provided by a nonprofit. Fees may be mandatory, voluntary or requested. Fee-for-service is a type of earned income.
Success Criteria Honor your mission Create decision-making process Track successes & challenges Help educate stakeholders Know when to seek help
Characteristics of Nonprofits with Successful Social Enterprises
Characteristics of Nonprofits with Successful Social Enterprises
Challenges Nonprofits Face Lack of business acumen Cultural concerns Seen as a distraction from the mission Potential loss of funding; redirected funding Start-up costs / opportunity costs Unrelated business income / UBIT
Your Own Readiness Complete the scoring tool in your packet titled Organizational Characteristics and Readiness Share ideas for building on strengths and improving on weaknesses
Developing a Social Enterprise
Explore Opportunities & Select a Venture to Pursue Identify organizational assets & competencies Examine market needs and opportunities Explore your social enterprise ideas to leverage assets and competencies and meet market needs Select an idea (or two or three) to explore in more depth
Idea Swarm Share an idea up to two minutes Group ideas, connections, related ideas, offers to help up to three minutes
The Exchange: Next Steps 2019 Cohort: 2nd Quarter Social Enterprise Cohort: 9-month intensive social enterprise development program Competitive application process: Open Fall 2018 Typical cohort size of up to 10 nonprofits Social Enterprise Exchange Networking Quarterlies
Final Questions?
Upcoming Trainings Get Grants La Junta August 22 th 9:00am-4:00pm $70 RPD Special $100 Early Bird $125 Regular Price Development Roundtables: October December Colorado Health Foundation June 28 Adolph Coors Foundation July 25 Daniels Fund August 29 All Development Roundtables Denver or Teleconference 2:00-3:30pm $20 Early Bird $35 Regular Price
Community Resource Center RESOURCES Colorado Grants Guide 770+ detailed profiles of Colorado grantmakers Nonprofit Support Center Start Up for Success EDUCATION Statewide Training Fund Development Strategic Planning Board Development Evaluation & Planning Nonprofit Leadership & Management A network of 700+ emerging and established leaders increasing community impact since 1990 Participation Project
THANK YOU! Presented by: Maria Fabula President & CEO fabula@crcamerica.org 303-623-1540 www.crcamerica.org