Activity-8 Imagine you are the owner of a Social Enterprise. It is the very beginning and the costs are overwhelming. Funds are needed as soon as possible, but there is no space for creating debts. Which crowdfunding method would you choose? Estimated time: 20-25 minutes Activity-9 Considering the above crowdfunding methods, choose one of them …
In most of the cases, social enterprises start from the scratch, so funding is crucial for the development or their sustainability. There are many available resources, but which of them is suitable for your enterprise is a personal issue. Bootstrapping/Self-funding Self-funding or bootstrapping is called when you manage to keep savings for a purpose. This …
Introduction By the end of this module learners will get acquainted with all the possible ways of raising funds for their Social Enterprise. Given the fact that each business has different needs, the learners will have the opportunity to compare the available funding methods and choose the one that suits them. Purpose The purpose of …
Create your own Business Model Canvas for the Social Enterprise you want to start. Consider that some of the parts may be differentiated because of the nature of α Social Enterprise. Estimated time: 30 minutes
Revenue streams are the amount of money that a company generates from customers. In the case of Social Enterprise, revenue streams are referred to the income which will be provided in activities related to the social mission. Ιn social enterprises revenue streams are a huge part which needs consideration in order to ensure the sustainability …
The cost structure in a social enterprise covers both commercial activity costs and impact delivery costs. Depending on the enterprise, the social impact dimension sometimes can cost more than the commercial part. Impact Costs: This category includes costs that are related to supporting staff for the people working in the enterprise (who usually belong to vulnerable …
In Social enterprises customers are separated from beneficiaries. This segmentation happens because the product/service is not always used by the people who paid for it. As a result, two categories of customers are created, but it happens from time to time for some of them to belong to both categories: the type of customers who …
Channels are related to the possible ways that the enterprise approaches possible customers (sponsors in the case of Social Enterprise). Communication is the main activity in this block. In a social enterprise, channels also stand for helping customers to get and evaluate the impact value propositions together with business value propositions. Channels have five consecutive …
Each enterprise should define the type of relationship which will be developed with each sponsor. Relationships can be from neutral, personal, or typical. The relationship with the customers affects Value Proposition. In the case of a social enterprise customer relationships are critical. It is possible for some of them to be engaged only for commercial …
Value proposition includes the basic arguments regarding the reason someone should buy the product/service. Social Enterprises are related to the possible social value and depend on it. Realistically, a social enterprise cannot be sustainable only by generating social value. Since it is also an enterprise it will generate commerce value simultaneously with the social value. …