Ever wondered what's the best way to register your profit making social enterprise?
Well there is no 1 size fits all, it all depends on your preference and what's most important to you.
I tried breaking it down the best I could
Potential customers
Your market research should prove a theoretical customer base for your idea, but potential customers will drive your point home.If you can acquire at least a handful of testimonials from your prototypical customer or a major client that will go.#socialimpact
Financial models
These should be a real part of your business plan, but don’t underestimate the level of detail required by most savvy investors. You’ll need full spreadsheets of projected costs, acquisitions, sales, and revenue, encompassing your profit margins,etc
#nonprofit
Market research
Market research is the supportable data that indicates the need and viability of your notion. Without it, your notion may only be good in theory. You need to have this numerical grounding if you want to validate your potential value.
#nonprofits#Socialimpact
Before approaching an investor as a social enterprise looking for funding your business plan must be up to date, and it must speak to the financial plan and projections.
#nonprofit#socialimpact#startups#africadevelopment
When approaching an investor you need to have Some financial projections and the key assumptions these are based on. How much money do you want to raise and what will it be used for? How will investors get their money back?
#socialimpact#Nonprofits#africandevelopment
Documentation to have handy as a social enterprise looking for funding.A well-thought-through 15-page pitch book covering the proposition, space, market, competition, business plan, description of & technology, product, core team, price to market, customer profile, why, &why now?
You are building a social enterprise life’s busy. You’re working hard and dreaming big. So what if the admin and the paperwork fall a little behind? Well, it could relatively influence your odds of raising funds when you decide to take that path.
#forpeople#socialimpact
3ways you can articulate your value at your workplace
1)Beproactive:find something that needs adjustments or needs improvement and work on it
2)Ask for feedback:this serves as a tool for personal development
3)Celebrate your wins,Take note of your successes it boosts self-esteem
The most important thing right now is giving the less privileged in our communities, the opportunity to dream of a better life and to empower them to live it.
#forpeople#socialimpact#africandevelopment#nonprofit
5point to note if you want to build a social impact brand that delivers your message.
1)Clarity:explain your business to your audience
2)The perfect offer:You need a message to stand out in the market.
3)Customer experience:Craft a journey.
4)Brand identity and
5)Visuals
A must-read for every entrepreneur
The Dip by Seth Godin
The Dip proves that winners do quit, and quitters do win. Seth Godin shows that winners quit quickly and often until they commit to beating the right “dip.”
#forpeopleforplanet#socailimpact
It is okay if the only thing you were going to do today was just breathed!
Taking time off to rest helps you rethink and make a more informed decision about your business.
#forpeople#socialimact#nonprofit
4brilliant ways to grow your nonprofit business.
1)Creat excitement
2)Host an in-person event
3)Keep your current members engaged
4)Run a public relations campaign.
#forpeople#nonprofits#socialimpact#africadevelopment
In a time when it feels like there is so much hate in society, it is important to remember that we are all connected by our human experience and that is love.
#be a promoter of peace and love
4reasons why you have to network
1)To find a sense of belonging.
2)Networking helps you gain visibility.
3)We learn from individuals around us.
4)You can not build a business on your own.
#forpeople#africandevelopment#Nonprofits#Socialimpact
4ways your small business can start its sustainable journey
1)know the area you are passionate about.
2)learn from industry leaders.
3)take about the opportunities so people know how much impact is possible.
4)Act with urgency, the sooner you start the easier it gets.