While every business idea and angel investor vary in different contexts, there are foundational elements that remain the same. At the core, these are what investors are looking for, and they are, therefore, what you should be mastering and incorporating into your social enterprise and pitches to win them over. Here’s some of the most effective ways to persuade an angel investors for buying into your social enterprise.
Perhaps since the 2008 global financial crisis, now is the first, if not the biggest, period of transition for many social enterprise founders and workers. Just like Australian social enterprises are unique and varied, so too have been their responses to Covid-19.
Although we’re living in unprecedented times and every path is unique, we found that some lessons come in handy over and over again. News and stress about the coronavirus from around the world are creating significant uncertainty among leaders, employees and customers. Beyond common sense measures, we wanted to provide a list of practical tips, tactics and strategies to help you make quick and needed decisions to help you navigate through these stormy times.
Pandemics like the H1N1 influenza of 2009 have not only set the stage for novel approaches to public health concerns, but have joined the global financial crisis in welcoming new entrepreneurial activities that address both economic and societal concerns. The outbreak of COVID-19 is affecting our lives as social enterprise founders, managers, funders, and volunteers—and it will continue to do so in several ways.
Where social entrepreneurs and social impact workers have been aware of systemic inequalities that have existed for decades, the emergence of coronavirus has made these clearer for the rest of the world. COVID-19 has presented the world with a new look at how individuals or certain groups are exposed to health crises, food shortages, job insecurity, and more. It is becoming increasingly clear outside the social enterprise sector that social impact entrepreneurs and companies are needed in this space.
Life has changed for many of us over the past several weeks. We’ve had to acclimate to Zoom meetings, spending the day in our pyjamas, and workspaces surrounded by kids, clutter, and distractions. What could this mean for our social impact?
Whether within local communities, nationally or globally, social entrepreneurs are dogged changemakers who put the needs of the ordinary citizens above financial gains but understand the need to be financially sustainable to scale their solution to more people. While a lot is known about what it takes to run a successful for-profit business, little is known about how a social changemaker navigates life as a business person.
When the traditional lean canvas just won’t cut it.
Right now, in Australia and indeed globally, there’s a big, audacious story that needs to be told because of its potential to transform the world we live in: the story of the Aussie social enterprise movement.
Any education program that wants to help support and up-skill social innovators, while nurturing the next generation’s social entrepreneurs, needs to hit these marks.
With social enterprise being a largely unregulated term in Australia, organisations in the cause space need to work even harder to be transparent and build loyalty and trust. Luckily, we can draw on the power of social media to find and nurture our tribe of trusting followers. Here are four posts you can schedule in that focus on building trust.
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?