How to Start a Social Enterprise

How do you go about starting a social enterprise? Don’t you need a lot of business experience? Can a regular person really do this? Let’s see…

This is Amy. She is really concerned about the number of migrants who can’t read basic English. She is also concerned about the number of elderly people in her community who are alone and lonely.

Amy has a great idea to start a business that can fix these problems. A business that hires elderly people to teach basic reading skills to migrants. She knows that she needs to have some money in order to start the business, she needs “CAPITAL LITERACY”. “Capital” can mean money or things that Amy can use to start and run her business to make MORE money. Capital literacy will help Amy to understand, get, and use the different forms of capital she’ll need for the business.

Amy writes out a “BUSINESS PLAN” so that she can know how much capital she’s going to need for the money she expects in return for her service. For example, she needs some books and maybe a mini bus to take people to their lessons.

Amy finds a team of people willing to help with the business. For example she’ll need elderly reading teachers, people to help her promote the business, maybe even a bus driver.

Amy is now running a social enterprise.

Remember it starts with an idea to make a difference, a business plan, a team, and some determination.

[christiebcoop]

Business Plan, team, determination.. got it

[anaguerrerosholisticwellbe]

It really is as simple as that. If I can make it, anyone can. All you need is to believe in yourself and the reasons why you think your enterprise is needed by the community your target

[adamovard]

Very easy and very powerful. Thank you for making this and sharing it to us. Please make more.

[DonaldKamarea]

simple and well-explained. thumbs up!!!

[ngonitapiwa]

"Amy thinks that the problem migrants have is that they dont have basic reading skills?" asked Mr Petty.
"You cannot turn your statement into a question by merely just changing your tone. Rather say 'does Amy " suggested the old English teacher.

[kleb]

Hello,
Where the cash flow is gonna come from? Are the immigrants going to pay the elderly? I would appreciate if you could answer me, or clarifying this doubt!

Nice video,
THANKS

[biochemlife]

She forgets that majority of elderly people would be racist towards the migrants and wasn't exactly clear about how it would generate revenue 😂