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Partners, service users, as well as staff and volunteers.
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Social
Enterprise (Routledge Studies in the Management of Voluntary and
Non-profit Organizations)
(Paperback)
by Marthe Nyssens (Editor)
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- Paperback:
352 pages
- Publisher:
Routledge,an imprint of Taylor & Francis Books Ltd
- (11 Sep 2006)
- Language
English
- ISBN:
0415378796
In
one of its previous books, the EMES European Research Network traced
the most significant developments in 'social entrepreneurship' emerging
inside the third sector in Europe.
Building upon that
seminal work, the
present book presents the results of an extensive research project
carried out over a four-year period. More precisely, this book develops
a theory of social enterprise through a comparative analysis of 160
social enterprises across 11 EU countries. Amazon.co.uk
Social Enterprise.
What
Wikipedia says a social enterprise is...
Social enterprises are organizations which trade in
goods or
services and link that trade to a social mission. The need to deliver
on both financial and social performance targets is often referred to
as having a double bottom line.
It could be that the profit
(or surplus) from the business is used
to support related or unrelated social aims (as in a charity shop),
or that the business itself accomplishes the social aim through its
operation, say through the employment of people from a disadvantaged
community including individuals and existing business who have
diffuculy in securing investment from banks and mainstream lenders.

What else is a social enterprise?
(Text
from the Government Small
Business Service -
go here for the SBS
site.)
''Social enterprises are businesses that trade in order to
pursue a social aim. They:
produce goods or provide
services to achieve their goals
and financial self-sufficiency
-
have social aims such as
employment and training - or
provision of services - particularly for disadvantaged
groups
-
often have a democratic
management style with different
stakeholders taking part in decision making, eg
employees, users of the social enterprise or specially
appointed trustees
-
often report
on their social, environmental and
economic impact
-
principally reinvest
profits in the business or in the
community to further their social aims
Social enterprises are diverse and operate
at many levels.
They include community enterprises, social firms and mutual
organisations such as co-operatives and large-scale
operations operating nationally or internationally. What they
have in common is a commitment to meeting social and
financial needs, with some also aiming to meet
environmental needs.
Sources of finance
for social enterprises
include:
Social
enterprises may qualify for grants in the
same way as other types of business. In addition, social
enterprises in disadvantaged communities, or which address
social exclusion, may qualify for start-up and capital
grants.''
Find the latest Euro definition on our download
page.
Community
Interest Companies?
(text
from the Community Interest Company web
pages - go here
for
the CIC
site).
''Community Interest Companies (CICS) are limited companies
with special additional features created for the use of
people who want to conduct a business or other activity for
community benefit, and not purely for private advantage. This
is achieved by a "community interest test" and "asset lock",
which ensure that the CIC is established for community
purposes and the assets and profits are dedicated to these
purposes.Registration of a company as a CIC has to be
approved by the Regulator who also has a continuing
monitoring and enforcement role.''
Social
Enterprise Partnership GB Ltd:
Training for social enterprise
managers and the
development of best practice...
''SFEDI's
core standards for business advice and
management (referred to as Business Support and Business
Development). These standards are the core SFEDI standards and
sit beside the Social Enterprise specific standards as an
overall package for managing or advising social enterprise. The
introduction to both sets of core standards contain valuable
information on how to integrate standards into your practice,
however, stay tuned for further social enterprise specific
guidance. Further information on SFEDI can be obtained by
exploring their website at
www.sfedi.co.uk.''
Designing Equity Finance
for
Social
Enterprises:
A
little time has passed since this Baker
Brown
paper was written - however, it
does capture nicely the philosophy of financial need for social
enterprises and how the economic structures of mainstream
financial provision have changed to accomodate this 'new'
business form.
See
the Baker Brown paper here (pdf
document)
With
all business - the way forward... develop
a work plan - create a vision that is clear, costed and timetabled.
- Be
clear about what you want to do.
-
Be clear how you wish to achieve your plan.
- Engage
all your partners appropriately to achieve your aims.
- Divide
your plan into short, medium and long term aims.
- Be
accurate and honest about all your costs.
- Create
realistic deadlines, test the process of achievement
regularly.
- Research
multiple markets and options.
Some
useful Links
What is a community
business?
- definitions from the Development Trusts
Association.
How others do it!
- A Hong Kong based charity, which supports Asian
socially responsible businesses.
You
will find an interesting information and link resource on
the writer Andrew
Bibby's web page.
His Step by
Step Guide
to Social Enterprise Finance, published by Social
Enterprise London, is available on our
download page.
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