“We recommend keeping the below best practices in mind as you discuss the launch or scale of your social enterprise:
- Manage expectations around enterprise profitability with your key stakeholders.
- Diversify your sources of revenue both on the business and fundraising side.
- Take a double bottom line approach and allocate training costs. This will help you better understand how your business performs and allow you to capture the true cost of your training.
- Don’t shy away from fundraising to cover training costs. A diverse revenue mix of public, private, and social enterprise creates stability and space to grow.
Find the Profit in Nonprofit Social Enterprise
18 March 2019