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Why charities need to be more like social enterprises

Why charities need to be more like social enterprises. Michael Norton Wolverhampton , 20 March 2012. What is a charity? What is a social enterprise?. Charity: an organisation operating for charitable purposes

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Why charities need to be more like social enterprises

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  1. Why charities need to be more like social enterprises Michael Norton Wolverhampton, 20 March 2012

  2. What is a charity? What is a social enterprise? Charity: an organisation operating for charitable purposes Social enterprise: an organisation established with the primary purpose of creating social impact, not through fundraising and grants, but through enterprise

  3. Definition of social enterprise “Businesses with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.” As with all businesses, they compete to deliver goods and services. The difference is that social and environmental purposes are at the very heart of what they do, and the profits they make are reinvested towards achieving those purposes. www.socialenterprisemark.org.uk

  4. Project idea ↓ Application Including the budget: to be spent ↓ Grant or Fundraising ↓ Delivery of the project ↓ Accountability • Evaluation• Learning ↓ New project with new funding

  5. Project idea ↓ Investment proposal ↓ Funded by loans, equity, grants ↓ Provision of service or product ↓ Earned income (surplus or subsidy) ↓ Development of the business Marketing

  6. Legal formats: CLG: Companies Limited by guarantee (non-profit distributing), with or without charitable status CIC: Community Interest Companies IPS: Industrial and Provident Societies Co-op: Co-operatives LLC: Companies Limited by Shares LLP: Limited Liability Partnerships with a cap on income distribution

  7. Why a social enterprise? There is a limit to availability of philanthropic funds No need to fundraise (nobody doing likes this!) A business model that generates what you need You decide the agenda, and do it You are in control Customer feedback and engagement Sustainability and resilience

  8. Some examples from my work Directory of Social Change Earning its income through the sale of training and publications

  9. Innovation Labs

  10. The Oxford Student Hub Coffee shop Restaurant Meeting rooms Incubation space for social ventures Club for changemakers Training and support to social entrepreneurs

  11. The Oxford Student Hub Coffee shop Restaurant Meeting rooms Incubation space for social ventures Club for changemakers Training and support to social entrepreneurs

  12. FoodCycle Cooking and serving food which is donated or which would other be wasted Student volunteers and donated kitchen space Students raise the funds for their project and to pay for the support they need, becoming part of the growing FoodCycle community Pie in the Sky restaurants Green Meals on Wheels

  13. Driven by a social entrepreneur

  14. And then what…. ? Do something… and do it now! Think “social enterprise” Get started with an award from UnLtdwww.unltd.org.uk Crowdfund with loans and donations from friends and others: www.buzzbnk.org

  15. The world is full of problems But for every problem there is a solution It’s good ideas that will change the world; but an idea is only a good idea if you go and do something with it

  16. Some good ideas PimpMyCause: www.pimpmycause.com Circle Sports: www.circlesports.org Bikeworks: www.bikeworks.org.uk The Farm Shop: farmlondon.weebly.com An empty shops initiative in Wolverhampton?

  17. And finally… Remember this…. A journey of 1000 miles begins with a single step. Lao Tzu, founder of Daoism, 2,500 years ago

  18. And also this… Ever tried. Ever failed. No matter. Try again. Fail again. Fail better. Samuel Beckett, Irish playwright

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