120914 esc the city presentation

Social Enterprise – a bluffer’s guide

@EscTheCity@EmergeLab@OnPurposeUK

#Esc2SocEnt

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LOTS OF PEOPLE FROM LOST OF WALKS OF LIFE ARE LOOKING FOR NEW WAYS TO DO BUSINESS

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THE OLD SYSTEM IS AN INEFFICIENT WAY OF ORGANISING SOCIETY

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SOCIAL ENTERPRISE PROMISES SOME REAL ADVANTAGES VIS A VIS CHARITY AND BUSINESS

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THE DEFINITION OF SOCIAL ENTERPRISE REMAINS CONTENTIOUS

Use of profits

Legal structure

Trading status

Ownership

Mission

THINKING OF A SPECTRUM OF SOCIAL ENTERPRISE IS OFTEN MORE HELPFUL

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Traditional business

Philanthropic business

Social enterprise

Enterprise-related charity

Traditional charity

Social enterprise intermediaries

ALL KINDS OF ORGANISATIONS ARE REPRESENTED ON THIS SPECTRUM

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Traditional business

Philanthropic business

Social enterprise

Enterprise-related charity

Traditional charity

Social enterprise intermediaries

SO THERE ARE LOTS OF DIMENSIONS TO CONSIDER WHEN ENTERING THE SOCIAL ENTERPRISE SPACE

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Front-line Intermediary

Commercial

Charity

Start-up Established

Large Small

Education Climate change

Sales rep Accountant

LET’S TALK ABOUT SOME SPECIFIC EXAMPLES

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HERE ARE SOME USEFUL JOBS SITES

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www.escapethecity.orgwww.impact-society.comwww.clearlyso.comwww.justmeans.comjobs.thirdsector.co.ukwww.socialenterprise.org.uk/pages/job-page.htmljobs.guardian.co.uk/jobs/charitieswww.careershifters.orgjobs.firetail.co.ukwww.charityjob.co.ukwww.idealist.orgwww.bridgespan.org/Careers

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http://www.forbes.com/sites/samanthasmith/2012/09/10/34-places-to-find-that-new-job-social-innovators-edition/

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http://www.forbes.com/sites/samanthasmith/2012/09/10/34-places-to-find-that-new-job-social-innovators-edition/

PRACTICAL NEXT STEPS

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1. The best way to transition into a new industry is to build up experience and contacts in that industry, while you’re still in your current job.

2. Start with a blog and Twitter profile, knowing that people are going to look you up online – if you can demonstrate that you’re passionate about the subject through having writing online and intelligent opinions on in the industry, you’re more likely to engage people in meaningful conversations.

3. There is no timeframe on how long it takes to find what you’re interested in. It can take weeks, months, or years. So balancing it financially sometimes means taking on a part-time job, or reducing expenses as much as possible, while you’re finding your escape. Be patient.

4. If transitioning from corporate to charity, be prepared to argue your case as to why you’re voluntarily taking a pay cut and why you’re going to stick at the role. (If transitioning into social investment or other impact investment jobs, you won’t necessarily have to take a pay cut.)

5. Follow people who have made a similar leap to you and ask them how they did it – through Linkedin, Escape the City, or through personal networks.

READ REPORTS/NEWSLETTERS FROM:

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•Nef•NESTA•Young Foundation•NPC

EVENTS

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• Net Impact• Impact Lab• Young Foundation – monthly sessions on modeling / finance (Gemma)• Big Society Capital (Natasha)• Careers in Charity (Carla)• Claridge Capital (Saskia)• Clearly So (Rod)

ONLINE PROFILE

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SOCIAL INVESTMENT LINKS

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http://www.cabinetoffice.gov.uk/resource-library/growing-social-investment-market-vision-and-strategy

http://blogs.ft.com/martin-wolf-exchange/2012/07/02/banking-reforms-after-the-libor-scandal/

http://www.ssireview.org/articles/entry/measuring_social_value

http://opinionator.blogs.nytimes.com/2012/06/27/fixes/?utm_source=Fixes+Phil+Equity+article&utm_campaign=6-28-12-PressHit-NYT-CapPart-ABL&utm_medium=email

http://www.fastcoexist.com/1680075/accountants-will-save-the-planet

http://www.forbes.com/sites/jessicahagy/2012/07/17/the-6-people-you-need-in-your-corner/

FUNDING

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As an Approved Provider for a £10 million government fund for social enterprises, Claridge Capital seeks to work with social enterprises that:• Are based on a robust, scaleable business model• Can provide compelling evidence of their social impact• Are capable of delivering near-to-market financial returns.