Social Enterprise--Building Sustainable Earned Income
Nonprofits are learning they must diversify their funding sources to reduce their dependence on government, foundations and corporate donors. One way may be to develop business ventures. Your nonprofit can start a business and earn unrestricted income, making your organization less dependent on grants and contributions. This can be done legally and without sacrificing your tax-exempt status. Our consulting service can show you how to create earned income through fees for service, product sales, retail businesses, manufacturing, licensing, e-commerce, and more.
Social Enterprise Planning
Whether you are a nonprofit needing assistance with learning about the potential of earned income from business ventures, or want to expand your current earned income sources, Non-Profit Success can help you structure a process and produce a plan that meets your needs. As you start your process of considering the potential for earned income to your organization, we can help you choose among a range of ideas using criteria that takes into account your organizational objectives, resources and constraints. Once you are ready to pursue a particular earned income option or business, we can help you develop a business plan. Non-Profit Success can provide the following services to help guide your venture to success:
*Conduct market research and competitor analysis to define a strategic market position
*Define management and operating systems required for new or expanded venture
*Prepare a detailed business plan
*Analyze your financial history and prepare a capital budget, operating financial projections,, and cash-flow projections
*Identify funding and assist you working through the funding structures
Business Ventures for Nonprofits
Thrift shops and museum shops have been around for years, and have generated earned income for the sponsoring organizations. New business ventures have emerged in recent years--from franchises to services businesses. Online auctions through eBay and e-commerce sites remove geographical restrictions on the market for nonprofits, just as they have for commercial businesses. The most common types of nonprofit businesses are:
* Retail or thrift shops
* Employee training
* Clerical services
* Light manufacturing
* Consulting services
* Property management
* Help hot line for employee assistance program
* Maintenance services
* Restaurant or cafe
The 7th Annual Gathering of the Social Enterprise Alliance was held in Atlanta Ga. March 7-10, 2006. Gerald Sweitzer was Chairperson of the Atlanta Host Committee. See their website for more information about the organization and the Atlanta gathering.
You may want to subscribe to the Social Enterprise Magazine on line which covers social enterprises, venture philanthropy, earned income projects, and more. See www.socialenterprisemagazine.org
To set up an appointment, or discuss your opportunity with social entrepreneurship, call us tool free at 866-504-2487 or e-mail us at: our contact page
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