The Best of Social Impact: Must-read Articles of the Month (March 2019)
Social impact, entrepreneurship, and innovation — if it’s interesting news, you’ll find it here. These stories may not be the ones atop your news feed, but chances are they’re the ones you’ll actually want to read. Whether it’s opinions on creating positive social change – or the simply the valuable lessons learned along the way, here’s a round up of the past month’s most interesting articles.
Let’s take a look at some of the world’s top social enterprises that you should keep an eye on (and draw inspiration from) in 2019 according to Forbes.
As charities increasingly look to other revenue streams to stay afloat, a guidebook is aiming to help not-for-profit leaders navigate the world of social enterprise.
Addressing the world’s most complex challenges by designing specifically for social impact is a largely untapped market with a continuously increasing demand. However, designing for social impact isn’t simply about creating pretty objects for a good cause or selling rad merchandise and giving a percentage of the proceeds to charity. In its ideal form, designing for social impact is envisioning the impact you want to have for a community or individual, bringing stakeholders into the process, working toward sustainable solutions, measuring the difference you’re making, and sharing your results so that positive impact can spread across the world.
Should social enterprise be on every school curriculum? It will be in Scotland by 2028. The Scottish government, which is well-known for championing social enterprise across the country, has been “the driving force” behind the project’s success, says Emily Mnyayi, head of social enterprise in education at SEA. At the moment, the government is providing funding to work with 250 new schools each year.
Adam McCurdie, co-founder of Humanitix, told Pro Bono News that winning the award, and the creation of a social enterprise business category reflected the trend of business being expected to give back to the community.
Whether you’re an established organisation or just starting out, you can’t avoid the fact that you need finance to kick things off or keep them growing. You won’t always find a financial solution that is straightforward or simple. It’s likely you’ll need to work with multiple stakeholders on a “blended” finance structure. Read on for Sefa’s 4 Ps (Partnerships, Passion, Pathway & Persistence), on starting a social enterprise or investing in entrepreneurial growth.
The NRL has released its third Social Impact Report, outlining the positive community and wellbeing program achievements delivered year-round by the Game.
Kate Welch has long been an important advocate and driver of the social enterprise movement. She tells BQ what drives her and talks about the sector.
Ask Australian-based grant seekers and they’ll tell you the funding application process can often be: burdensome, difficult, time-consuming, arduous, frustrating, convoluted and exhausting. Not a great situation for social ventures whose time is precious and resources limited. So what advice can we give to organisations to help them navigate the veritable smorgasbord of grant application processes and make the activity less stressful and resource-intensive?