Asking the right questions can help social enterprises to identify business opportunities in their communities. These questions form an integral part of the business planning process; the essential step in developing a sustainable organisation.
10. Business Model Canvas
Question 8: What key activities does the
enterprise need to carry out?
OR
What are the most important activities for the
enterprise to focus on?
12. Core Elements of a Business Plan
A business plan needs to clearly convey:
• Mission critical information with respect to
strategy, operations, marketing and finance
• Why the enterprise is sustainable
13. Generating Income from Services
• Understand your local customer segments –
use a community map
• Talk to local business people – what services
do they lack/need that you could provide?
• Look at the capacity of your staff
• Look at the location of your facility
• Follow trends and policy developments
14. The Big Question!
Practical Exercise:
If you were given €20,000 and asked to repay it
in full at the end of 3 years with 1.5% interest,
what would you spend it on?
15. Learn More!
Great free resources available online:
• Coursera
• Open2Study
• FutureLearn
• Udacity
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