During Global Entrepreneurship Week, at Pickwell Manor in North Devon, a group of students on the CMS Pioneer Leadership Course will learn how to apply models of social enterprise to ideas that seek to enhance the lives of people and communities. The five-day residential is hosted by the Church Mission Society and students are encouraged to come along with a business idea to work on during the week. They will attend sessions on formulating a mission statement, devising a business plan, accessing different sources of funding and evaluating success. In addition, they will hear stories of social enterprises that are already thriving and get the opportunity to quiz their owners to discover the secrets of their success.
One example of good practice to be shared is Global SeeSaw, a company that sells wholesale, online and through their shop goods made by women who have been exploited through global trafficking. Run as a social enterprise, all profits are reinvested into the business to create more jobs. This gives vulnerable women, who are disproportionately affected by poverty, greater freedom.
Mark Wakeling, the entrepreneur behind Global SeeSaw, explains: “We’re committed to finding quality products that not only impress with their contemporary design, but also use recycled materials in their manufacture. While many fair trade companies pay just wages and don’t use child labour, we go a step further and ensure that all our manufacturing partners also reinvest their profits. We measure success in human lives changed, rather than wealth generated.”
Course leader, Jonny Baker, says of this unique learning opportunity: “To be sustainable, we must embrace the practices of social enterprise and seek to make a difference, while generating finances where appropriate. For too long business principles have been seen as incompatible with social action, but if we are to be relevant and innovative in the longer term, creative ways of demonstrating our faith need to be self-supporting as well as transformative. We have created this module to begin to address this and we’re encouraging our students to pursue activities that will not need to be wholly dependent on charitable funding.”
For more information on this venture see the CMS website.
This week, Doug Richard, former Dragons’ Den investor and founder of the School for Startups hosted a ‘bootcamp’ for social enterprises in London. Much of the day focused on comparing businesses run to generate profit for shareholders with those run to create a social impact. Just how “business-y” should a social enterprise be?This week, Doug Richard, former Dragons’ Den investor and founder of the School for Startups hosted a ‘bootcamp’ for social enterprises in London. Much of the day focused on comparing businesses run to generate profit for shareholders with those run to create a social impact. Just how “business-y” should a social enterprise be? Richard attempted to answer the question by focusing on the realities of running a social enterprise in a competitive marketplace. Here are eight lessons that every social entrepreneur would do well to bear in mind:
Simon Wicks, BHP Information Solutions