1 / 51

Agenda

Agenda. What is SE?. “. I saw how the concept of business could be reformulated simply by disconnecting investors from the expectation of financially gaining from their investment. . ”. Where SE Fits …. Examples. www.socialenterprisefund.ca. Why SE?.

janna
Download Presentation

Agenda

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Agenda

  2. What is SE?

  3. “ I saw how the concept of business could be reformulated simply by disconnecting investors from the expectation of financially gaining from their investment. .”

  4. Where SE Fits …

  5. Examples www.socialenterprisefund.ca

  6. Why SE?

  7. Something is Happening: Change is a foot!! Net Impact is a global network of leaders who are changing the world through business. Mark Albion – co-founder – 2008 in Edmonton – “something in the water – something has changed”

  8. I believe that social entrepreneurship will be the driving force in the world over the next 100 years, the single biggest movement that’s going to change the way we live. Jeff Skoll “ ”

  9. Blurring boundaries: Interest in Doing Good

  10. 35% of existing SEs were started in the last 2 years (October 19, 2010 Globe and Mail)

  11. What SE Brings to the Table

  12. Trends

  13. Conclusion

  14. Risks are surprisingly similar

  15. Revenue Risk

  16. So, the question is:

  17. Answer: The 3 “Cs”

  18. It’s tested; it works

  19. Ambition: Direction, level and pace

  20. Development Path

  21. I mo. I mo. I mo. 2 Mos. Board selects one idea for market research & financial feasibility 3 mos. Board decides whether or not to complete the plan and prepare launch 2 mos.

  22. Ready organizations are: • Stable:mission, funders, clients, board, SMT • Resilient:demonstrated • Financially Healthy: key financial indicators, reserves, deficits/surplus, growth, diversity, earned revenues • History of Achievement • Entrepreneurial

  23. Cultural Shifts

  24. CorporateStructure – Legal Considerations • Get legal advice • Know yourself! • Are you are society, a non-profit, a charity, a co-operative? • Have you read your articles of association and your by-laws? • What are the powers of the organization: are you able to own assets, distribute income, borrow? • Remember the CRA

  25. Eligibility • Non-profits, charities, social purpose co-operatives operating in Edmonton • Social entrepreneurs that agree to non-profit format

  26. What we Finance … • Social enterprise • Planning • Operating/working capital • Capital

  27. Social and affordable housing • Planning • Land acquisition • Capital construction • Renovations • Acquisitions

  28. Asset building/strengthening balance sheets

  29. What we Assess… • Eligibility • Ability to execute • Resilient, stable, financial strength, track record • Business case • Feasible, sustainable, doable • Blended value • Exit strategy

  30. Financial Products • Term loans • Patient capital

  31. Terms and Conditions • Flexible – fit financing to need • Term • Interest rate • Fees • Security

  32. Examples … • Social Enterprise – Local economy mission • Good Food Box • Capital and working capital financing • Term – 6 year • Interest – 5% • Repayments: Interest only for 1 year; blended P and I for next 5 years

  33. Examples … • Social Enterprise – Affordable space to arts community • Capital and working capital financing • Term – 5 year • Interest – 4% • Repayments: Interest only for 1 year; blended P and I for next 4 years

  34. Affordable housing: acquisition of supportive seniors complex Term - 1 year Interest - 5% Security - first mortgage Status – Paid in full Examples …

  35. Balance sheet strengthening: acquisition of program center Term – Loan # 1 for 1 year; loan # 2 for 2 years Interest – loan # 1 - 5%; loan # 2 – 6.5% Security - first mortgage Status – Paid in full Examples …

  36. Development Services • Path to Loan Grants • Seminars • Portfolio

  37. Clients - SE Planning Loans • Furniture Recycling

  38. Clients – Housing Planning Loans

  39. Clients – Other Planning Loans

More Related