The goals of making a living and making the world a better place no longer need to be at odds. Here’s how businesses are succeeding by choosing to do good.
Whether you’re an established organisation or just starting out, you can’t avoid the fact that you need finance to kick things off or keep them growing. You won’t always find a financial solution that is straightforward or simple. It’s likely you’ll need to work with multiple stakeholders on a “blended” finance structure. Read on for Sefa’s 4 Ps (Partnerships, Passion, Pathway & Persistence), on starting a social enterprise or investing in entrepreneurial growth.
The key to kick-starting your social enterprise dream is to turn inspiration into motivation and motivation into action. Many social entrepreneurs started their ventures as passion projects, but over time have reaped the rewards of running their own business. Finding funding is one of the biggest challenges faced by social entrepreneurs. You can have what you think is the best idea in the world but without the moolah to make it happen, it’ll be close to impossible to even get off the ground. But it’s not all doom and gloom – here are some awesome social enterprises that have harnessed the power of crowd to kick-start their social enterprise dreams.
Hearing input directly from your customers can be daunting for a social entrepreneur. You’ve likely put everything on the line for an idea that you believe in and while you know that seeking input from customers can be valuable, it can be a confronting exercise! Many entrepreneurs avoid research because of this, but those who do know that the payoff is big.
Here are five reasons why the time has never been better for Australian social enterprises to get a slice of the $600 billion social procurement pie.
New giving concepts and donations platforms seem to be popping up left, right and centre. But let’s take a look at collective giving – you might be wondering what it is and how is it changing the way Australians are interacting with charities. Is it just another buzzword? A passing trend? Or is it here to stay?