Review. Revise. Revitalize.
HIP Signature Services
Social Enterprise
_edited.png)
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:
-
Orient the Board and Management Team to the social enterprise and answer questions that they have about the process and the outcomes.
-
Share a list of funders who finance the stages of social enterprise development with potential clients.
-
Assess Financial Readiness and Risk Tolerance to examine what capacity the non-profit has to explore, start, and launch a social enterprise.
-
Define Criteria around the key social enterprise outcomes, which will be used to assess, rank, and select the top three to five social enterprise ideas.
-
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.
-
Conduct a comprehensive feasibility study to examine the top social enterprise opportunity in greater detail and craft a business case for further development.
-
Compile a detailed social enterprise business plan to guide business development and inform decision-making.
-
Coach Non-Profit Social Enterprise Leadership Team to launch, manage, and grow social enterprise into a revenue-generating business.
Top 5 HIP blogs on Social Enterprise
-
Social Enterprise Success Series: A Non-Profit Leader’s Guide
-
Non-Profit Business Plan Guide for Social Enterprise Success
-
10 Social Enterprise Pitfalls Non-profits Must Avoid for Success
-
Social Enterprise vs. Business: What Non-Profits Need to Know
-
Market Research That Sets Non-Profit Social Enterprises Up for Success