Review. Revise. Revitalize.
HIP Signature Services
Social Enterprise
Non-profits looking for opportunities to generate their own revenues to re-invest in programs, services, and administrative activities of their own choice are exploring social enterprise opportunities more and more. For many non-profits, creating a social enterprise is foreign and risky - both from knowledge and financial perspectives.
Non-profit teams and boards are not necessarily equipped with the entrepreneurial mindsets, skills, or experience needed to assess whether a social enterprise is a good choice or to develop a solid business plan that showcases realistic opportunities. Fortunately, these entrepreneurial skills can be learned, and risks can be assessed and mitigated with careful planning.
The HIP team leads non-profit boards and managers through a step-by-step process as they explore social enterprise. Our process leads clients to:
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Orient Board and Management Team to social enterprise and answer questions that they have about the process and the outcomes.
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Share a list of funders who finance the stages of social enterprise development with potential clients.
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Assess Financial Readiness and Risk Tolerance to examine what capacity the non-profit has to explore, start, and launch a social enterprise.
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Define Criteria around the Key Social Enterprise Outcomes which will be used to assess, rank, and select the top three to five social enterprises ideas.
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Complete Quick and Dirty Social Enterprise Feasibility Studies for top ideas that examine market opportunities, competitive environment, speed of entering the market, and short- and long-term profitability.
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Conduct Comprehensive Feasibility Study to examine the top social enterprise opportunity in greater detail and craft a business case for further development.
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Compile a detailed social enterprise business plan to guide business development and inform decision making.
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Coach Non-Profit Social Enterprise Leadership Team to launch, manage, and grow social enterprise into a revenue generating business.