Social Impact BlogShowing posts by Allen Proctor
Our new website has dozens of new features, including training opportunities and information to connect experts and investors to social enterprises. One especially valuable new service on our website is the Marketplace. At the Marketplace you can search for local social enterprises.
Starting today and continuing through August 15 we will be rolling out the exciting changes to the Center for Social Enterprise Development. Today you are receiving our first blog under our new name, SocialVentures. Our new website www.socialventurescbus.com will go live August 15. There you will see many valuable new features such as the social […]
I am thrilled to announce that Social Ventures Fund, LLC had its first close and has come into formation. It will remain open for new investors for the next 18 months. This is a great opportunity for individuals, family funds, and companies to extend their philanthropy into their investment portfolio.
When this blog launched in 2005, there was a strong need to improve both understanding of and performance by nonprofits to create social impact efficiently and reliably. Over the years the performance of local nonprofits improved immeasurably, particularly in the cultural sector. Still, two recessions and a historically slow economic recovery leaves the financial sustainability of the nonprofit sector fragile.
The elevator pitch is a vivid and transparent way to reveal how well focused is the definition of product and customer. Its value is in revealing to entrepreneurs whether they have done enough work to create a customer / product / attribute / brand focus that warrants the next step of building a business plan.
Impact investing is not a new term, but it has been expropriated by the general investment community as a marketing term that sounds more appealing than ESG and more specific than sustainable investing. This trend is making it more difficult to distinguish investment in companies that are committed to creating social impact, which we call social enterprises.
I welcome the number of efforts to recognize and encourage companies to do good in the community. Many labels are being created, yet it would be a mistake to make qualifying for a particular label the criterion for being considered a good company.
Pelotonia’s success is an excellent example of the value of capital to empower good planning and good implementation. The lack of sufficient capital to plan for and absorb surprises is often what gets new social enterprise start-ups into trouble.
Open Letter to Aspiring Social Entrepreneurs: “Let me be the first — and perhaps only — person that recognizes you for your bravery and courage; a sacrifice to align purpose within the motivation for profit.”
The challenge of a weekend program, however, is what to do next. The unbelievably high energy of a weekend event can lose momentum quickly without some structure and guidance to hold the team and its energy together. Working with GiveBackHack, the Center for Social Enterprise Development is taking a whack at the hack by offering the weekend participants “Next Steps”, an evening of structure.