What issues do social enterprises face?

Many social enterprises will come up against similar struggles when starting up. After the business is up and running, they start to encounter a new set of challenges which may include profitability, structure, sustainability etc.

After digging deep into the workings of private and social enterprise we’ve found that most young, growing and mature companies face very simular problems at different stages.

3 stages of business cycle are:

Start up: Very early stages, turnover up to 10k, still doing research, looking for advice/resources.

Mid: Running 1-5 years, 1-2 staff, turnover 10K to 500k, have a number of clients and services, clear strategy and experience.

Established: Running for 4+ years, 500k + turnover, more than 5 staff, well established with market penetration.

At all tree stages there are ten common issues that each social entrepreneur faces when running a private or social enterprise. The ten issues are more relevant to certain stages of the business cycle:

1) Mission – defining what you want and how you’re going to get it.

2) Business Plan!!

3) Governance/structure – Social Enterprises in particular have lots of guidance regulations to follow and often at times the red tape gets blurred as to what is permitted or not.

4) Funding – How is funding acquired and allocated then where exactly can it be used?

5) Sales

6) Finding and resourcing new talent – And utilising that talent when you find it

7) Marketing/advertising/social media – Making sure EVERYONE knows about you and what you do

8) Learning and development

9) The “OMG Factor” – what makes it different/keeps it going?

10) Expanding and Scaling

11) Keeping track records of what works

Would you agree with the above issuses?

In your experience what other challenges are raised within these sectors?

Many social enterprises will come up against similar struggles when starting up. After the business is up and running, they start to encounter a new set of challenges which may include profitability, structure, sustainability etc.

After digging deep into the workings of private and social enterprise we’ve found that most young, growing and mature companies face very simular problems at different stages.

3 stages of business cycle are:

Start up: Very early stages, turnover up to 10k, still doing research, looking for advice/resources.

Mid: Running 1-5 years, 1-2 staff, turnover 10K to 500k, have a number of clients and services, clear strategy and experience.

Established: Running for 4+ years, 500k + turnover, more than 5 staff, well established with market penetration.

At all tree stages there are ten common issues that each social entrepreneur faces when running a private or social enterprise. The ten issues are more relevant to certain stages of the business cycle:

1) Mission – defining what you want and how you’re going to get it.

2) Business Plan!!

3) Governance/structure – Social Enterprises in particular have lots of guidance regulations to follow and often at times the red tape gets blurred as to what is permitted or not.

4) Funding – How is funding acquired and allocated then where exactly can it be used?

5) Sales

6) Finding and resourcing new talent – And utilising that talent when you find it

7) Marketing/advertising/social media – Making sure EVERYONE knows about you and what you do

8) Learning and development

9) The “OMG Factor” – what makes it different/keeps it going?

10) Expanding and Scaling

11) Keeping track records of what works

Would you agree with the above issuses?

In your experience what other challenges are raised within these sectors?

Many social enterprises will come up against similar struggles when starting up. After the business is up and running, they start to encounter a new set of challenges which may include profitability, structure, sustainability etc.

After digging deep into the workings of private and social enterprise we’ve found that most young, growing and mature companies face very simular problems at different stages.

3 stages of business cycle are:

Start up: Very early stages, turnover up to 10k, still doing research, looking for advice/resources.

Mid: Running 1-5 years, 1-2 staff, turnover 10K to 500k, have a number of clients and services, clear strategy and experience.

Established: Running for 4+ years, 500k + turnover, more than 5 staff, well established with market penetration.

At all tree stages there are ten common issues that each social entrepreneur faces when running a private or social enterprise. The ten issues are more relevant to certain stages of the business cycle:

1) Mission – defining what you want and how you’re going to get it.

2) Business Plan!!

3) Governance/structure – Social Enterprises in particular have lots of guidance regulations to follow and often at times the red tape gets blurred as to what is permitted or not.

4) Funding – How is funding acquired and allocated then where exactly can it be used?

5) Sales

6) Finding and resourcing new talent – And utilising that talent when you find it

7) Marketing/advertising/social media – Making sure EVERYONE knows about you and what you do

8) Learning and development

9) The “OMG Factor” – what makes it different/keeps it going?

10) Expanding and Scaling

11) Keeping track records of what works

Would you agree with the above issuses?

In your experience what other challenges are raised within these sectors?

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About Business and Community Link

Business and Community Link is here to offer the best in business support. We are a small but friendly team of business owners who understand the difficulties that you face because we have been there! Our main aim is to encourage, support and offer assistance to those running or thinking of running micro and small businesses. Our vision is to be the first point of call for businesses across the country when they are looking to get the help and support they need to make a success of their organisations. We will provide training, mentorship and affordable solutions so that all businesses no matter what their size or turnover, can have a fighting chance of survival.
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