It is a movement for advocacy, promoting financial sectoral change to key actors.
They also work to effect ‘change from within’, campaigning for the re-alignment of finance professions to a more equitable and fair model.
The Lab web site has an inciteful article, written by Angela Clements, founder of Fair For You. It shows the journey that a finance sector principal can be driven to follow, when the inequity of access to mainstream credit, for example, makes even more difficult the life of an economically disenfranchised family.
The Key Fundhave a range of on-line resources available for the budding social entrepreneur, or social enterprise that is leaning towards developing its business in 2016.
You can find some simple and effective Key Fund toolkits below. Whether needing to survey and assess your income needs as an individual, or a family unit, or to calculate various loan interests.
You can also find a template for creating your Social Enterprise Business Plan. This will guide you methodically and clearly through the steps you need to plan your governance, your policies and your operational delivery – all focused on social enterprise creation and sustainability.
The Key Fund main web pages also have a more comprehensive and detailed set of resources available on the Fund Start-up Advice web centre (Courtesy of Start-up Donut). This offers you more insight and detailed resources for creating a new social business and has links to a variety of services and information that new groups or companies will find useful.
‘The Social Business Dragons’ Den is part of the Building Enterprise project managed by Community Partnerships at the University of Nottingham and led by Roger Moors, CEO of SEEM and Jeanne Booth, Chair of the East Midlands Fellowship of the RSA’.
Want to pitch to the Dragons?
Have you got an idea for a social business to pitch to the Dragons? Here’s the rules:
You must be living in the city of Nottingham to pitch.
Pitch Perfect Event – 11th May 2015, 6.00pm to 9.00pm
Nottingham Writer’s Studio 25 Hockley NG1 1FP Nottingham
This workshop will take you through the steps for preparing your pitch and equip you to present your ideas to different audiences. It will be invaluable for anyone who wants to practice their pitch and improve their chances of winning a prize at the Social Business ‘Dragon’s Den’ on 14th May.
As well as giving you a chance to meet and network with businesses already active in this emerging sector, The Hub can be instrumental in helping you to formulate your new social business idea, or to pivot an existing business strand into delivery on social terms.
The Hub will contain a variety of Social Business practitioners to share ideas with and seek support from, if required, including…
The lounge of Antenna, in Nottingham, was buzzing last night (24th February) with talk about business for good and how change in traditional structures and processes can create models of delivery that are good for business.
The event was part of the ongoing programme of engagement with post-grad students at Nottingham University for the Social Business Programme, which seeks to offer opportunities and ideas for the current post-graduate cohort of the University to start a business for good, a Building Enterprise activity.
The evening was chaired and facilitated by Jeanne Booth, who was able to introduce a panel of speakers for the audience, who were both inspirational and able to deliver pertinent short messages about their experiential learning in the development and awareness of Social Business. Some of the ideas abroad on the night are tendered below…
Corporate social responsibility is dead, long live Social Business! This could have been the rallying cry for the audience from Paul’s presentation. The old ways are perhaps no longer fit for purpose, we were told. With CSR as a concept, arguably, seen as a reactive and backward looking process.
Much was made of nature and things natural as metaphors for new business development under the banner of Social Business. We have destroyed 50% of the rain-forest so far. Paul surprised the audience with the metaphoric concept of bio-mimicry as perhaps providing the new, forward looking business model.
However, the speaker argued, not all in the past is of no use. The Guilds were, from early modern history, craft makers and carers for community. Fostering skills and market development, from their geographical locus, yet preserving the best of tradition.
It is this, the fostering of ideas, like the emergent Social Business movement, that is the only truly scaleable resource we have. ‘A dialogue between two people with ideas results in a more dynamic third idea‘. Wonderful stuff!
This section of the evening had the style of a structured interview and response between Toni and Jeanne. Toni, in her development of the Nottingham Circle, a membership group for the over-50’s, had clearly done much to encourage the recording and shaping of data and soft outcome records for her organisation.
In any new or developing business, this collection of data is redundant in itself. It is how the people in the organisation deploy the knowledge locked up in the data, or in people’s stories over time.
Relationships, shared goals, resourcefulness and generosity. These were some of the keywords Jeanne was able to elicit from the speaker. They are the perfect framing paradigm for a good Social Business too. These and a great spreadsheet, which you can deploy for funders, partners and beneficiaries too.
How do you finance good business was Roger’s key question to the audience at Antenna? Illustrating the tensions between the Third Sector and traditional business, Roger opined that it was seen as the sector’s traditional role, over business, to deliver social outputs.
This has changed. Using another natural metaphor the audience were asked to declare if they ate vegetables? Then they were asked if they were vegetarians? There was a large disparity in the aggregate numbers of the replies.
Thus, Roger argued, ‘…Social Business is not about legal structure, it is about how you do it’. All businesses need capital, to finance cash-flow, purchase of assets or to develop their business idea. Social investment is, therefore, about investing for impact.
There are, therefore, three key elements to getting an offer of social investment. An economically sustainable idea. A collection of ‘investable’ people. Impact.
To see if you qualify, contact Roger at SEEM. He’s the capital chap!
Martin works with people in organisations to ‘...identify, articulate and present the truth of their product or service’. Echoing the message that traditional business methodologies were undergoing change, Martin stresses the search for ‘truth’ in presentation, marketing and delivery as now being the key social business driver.
There is a new commercial imperative. It is the power of the story, not about a thing in itself. As founders of new social businesses the message about your motives, your values and the journey you have undertaken to get here are now powerful drivers of client or customer engagement.
This was a telling section of the evening. Stressing the emotional and empathetic engagement inherent in social business. ‘People no longer buy the ‘what’, they are interested in the ‘why’.
Nicky’s story is one of developing her Social Business through reaction to familial allergies and intolerances. Driven to engage with school catering staff, Nicky was able to grapple initially with the ‘different school lunch’ issue, helping to foster a more tolerant attitude to difference, certainly, but also restoring a sense of balance and good health to her own family members.
From this ‘community action’ approach, Food Freedom has gone on to foster and deliver a range of training courses and awareness raising expertise for a variety of clients – schools, companies and community settings.
A very telling and key part of the Food Freedom presentation was the characteristics needed to found, grow and stabilise a new Social Business. Nicky had three important messages for the Antenna audience…
Really want to make a difference – care about it above profit…
Draw exhilaration and energy from the feedback and measured impact you can obtain along the way…
Make sure you gather that evidence formally and then deploy it wisely.
The evening concluded, after a short break, with a full Q & A session with the expert panel. The Chair was able to guide the audience through questions and responses, from theory and practice, to help them conceptualise, form or grow their Social Business idea.
This was a well organised, useful and informative session. It is part of a wider programme of creating enterprise events. If you have an idea as post-grad, then this is the place to go for answers, advice and, perhaps, even funding…see more here.
Share SocEntEastMids with your colleagues today...
Sharing knowledge, developing a good idea and planning ahead?
If you are on a post-graduate course in Nottingham, in any discipline, and interested in starting your own business, then the Social Business Programme represents a great opportunity to develop your idea, share opportunities and to learn about the social business start-up sector.
From February to April 2015 the programme of events and conferences represent a great opportunity to develop your ideas in concert with a team Social Business specialists.
You can also meet us at a special postgraduate meeting of First Tuesday, Nottingham’s network for social businesses, on February 3rd, 2015. Social Business and social impact measures are part of the debate.
Places are free, but numbers are limited.
Key Programme Events:
3rd February, 2015 – First Tuesday, a Post-grad special event. Inspiration for the entrepreneur and a free drink for the first fifty people through the door! You can book here…
24th February, 2015 – What is good for business? Four different speakers offering you insights into key aspects of Social Business development. A Question and Answer Session will follow this, the first of four sessions in the programme.
“…how emerging technologies in the digital economy can transform society by the mobilisation of collective action, enable a more collaborative economy, new ways of making, citizen participation, sustainability and social innovation”.
This European initiative, connected by philosophy and concept, itself overcomes distance by the use of new technology. Bringing together organisations and key players on the innovative transformation of society through their use of the internet.
This can be in the creation of projects which develop a more collaborative economy, devise new ways of making, delivering a more open and democratic society, as well as using technology to bring forward new funding streams, accelerator and enterprise incubator programmes.
This whole spectrum of activity sits well with our own social finance mission, based upon strong ethical considerations, which deliver social output as a key return of the business plan.
We think DSI will continue to grow through 2015. Nesta and its partner organisations are holding an event in Brussels on the 17th February, 2015 to enable players in this new sector to engage, discuss and make new connections.
If you wish to explore DSI further, ahead of the event, the DSI Partnership has a web site that is worth exploring. You can see who the 1500 or so partner organisations are and access news and information on funding and research. You can also download a set of free resources. See more here.
Their succinct definition, of what DSI is, is given below….
“Digital Social Innovation is a type of collaborative innovation in which innovators, users and communities co-create knowledge and solutions for a wide range of social needs exploiting the network effect of the Internet.”
If you are interested in the transformative power of financial innovation, social change and new technology economies of scale, we think this is a movement worth tracking in 2015. The city, region or national movements in our sector will all find something of interest here.
We may even see you in Brussels?
Share SocEntEastMids with your colleagues today...
Elvaston Castle and Country Park, in Derbyshire, has been working to establish through consultation, with a wide variety of communities of interest and partners, a clear ‘vision document’ for the Castle.
This has been achieved and now the Castle is looking to appoint a Chair of a new advisory Development Board, to prepare the estate for the next phase of its sustainable future.
Working with The National Trust, Derbyshire County Council have delivered a profile and terms of reference for the new Chair and the Development Board.
This Community Interest Company (CIC) has been established to play its own partnership role in developing and broadcasting news and information to the Elvaston community and its hinterland.
(Roger Moors of SEEM, has through his work with the community and DCC, as well as the Elvaston team, been instrumental in the creation of this new inclusive community presence, designed to inform everyone about the new future for the Elvaston Estate).
A free panel debate: Friday 14th November, 2014 – 3.00 to 4.30pm, followed by an informal networking event at the Mezz Bar and Lounge at Broadway.
The event promises some great insights and conversations exploring if, and how girls and women are moving forward in the digital creative industries, with thoughts and opinions on overcoming potential barriers as a women starting out in the digital industries.
The event will be energised by a distinguished panel. Keynote speaker, Helen Darlington founded creative agency INK Digital . A Finalist for 2014 Digital Entrepreneur of the year; and winner of 2013 Female digital entrepreneur; Helen will be joined on the panel by Joy Francis Executive Director of Words of Colour Productions, and co-founder of Digital Women UK, Jo Welsh, Diversity and Inclusion manager at Creative Skillset, Annie Hayley Founder and Director of Nottingham based App development company Multipie, and Artist and Curator Candice Jacobs.
You can also visit the pages of the Projector Project too. Projector is Broadway’s Business support Programme for the creative and digital content industries, ‘…offering 1-2-1 business advice, business sessions and workshops and residency opportunities; the programme is funded by ERDF therefore participants do not have to pay for any of the business support provided’.
Friday 14th, 2014 – a diary date for all female creatives in Nottingham?
Share SocEntEastMids with your colleagues today...
Nottingham based Food Freedom, a new social business created by Nicky Gray and supported by Roger Moors of SEEM managed to secure national coverage this week on BBC Radio 4.
Developed as a consultancy and training company to advise and inform food businesses about allergies, Nicky spoke about the impending legislation that all restaurants, indeed all food outlets will be subject to come mid December this year. ‘You and Yours’, one of the stations prime time programmes featured Nicky and a number of restauranteurs talking about the need to comply with the new laws or face prosecution.
Nicky who has a wealth of knowledge in this arena decided to establish her business last year to both safeguard people who suffer with food allergies and intolerances but also to assist food outlets, many of whom are unaware of the new law and their obligations. Food Freedom was one of a number of businesses supported by SEEM under the Cabinet Office Social Incubator North programme. Roger said…
‘I’m delighted that Nicky has managed to get this level of publicity and awareness on national radio. The impact of her work is enormous and I’m really pleased that the support and finance we provided has enabled her to grow and develop her business so successfully in such a short period of time’.