A guide to third sector trading - WCVA

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It’s an idea, but is it business? A guide to third sector trading 1: Getting started 2: First steps 3: Business planning 4: Legal and governance 5: Funding and resourcing 6: Financial controls 7: Managing growth 8: Management and governance 9: Social enterprise 10: Sources of support Table 1.2: Establishing different types of trading organisation step by step Action Guide section New and small-scale trading organisations Community organisations generally Existing and prospective charities Get started bring people together 2.3/2.4 form a broad-based group attract wider support involve partners decide your basic aims 2.5 essential essential essential explore business idea/s 2.7 draw up a list of possibilities draw up a list of possibilities consider several options form a partnership 2.4 advisable if appropriate if appropriate get help and advice essential if necessary if necessary consider charity status is it an advantage? is it an advantage? will trading affect status? Investigate business ideas do back-of-an envelope costings 2.7 3 3 3 identify markets, competition 3.2 3 3 3 feasibility study 3.2 3 3 3 Decide on constitutional structure get a basic constitution 2.4 3 - - decide the trading structure 4.2 3 do you need a subsidiary trading company? develop ideas for ‘community ownership’ 2.5 if necessary 3 possibly 14
It’s an idea, but is it business? A guide to third sector trading 1: Getting started 2: First steps 3: Business planning 4: Legal and governance 5: Funding and resourcing 6: Financial controls 7: Managing growth 8: Management and governance 9: Social enterprise 10: Sources of support Action Guide section New and small-scale trading organisations Community organisations generally Existing and prospective charities Get a business plan decide who will do it 3.2 3 3 3 get advice, expertise, or funding for a consultant 3.2 3 3 3 involve your team in planning 3.2 3 3 if appropriate Prepare the organisation fund raise as necessary 5.1 3 3 3 identify members of trading board; provide training 8.4 3 3 3 register trading company 4.1-4.6 recommended recommended recommended consult accountant 4.6 if appropriate discuss plans with accountant Prepare the business develop a marketing plan and put it into practice 4.2 3 3 3 appoint the manager 8.3 3 3 3 set up business finance systems, VAT, insurances etc 6.2 3 new systems probably essential set up business reporting 6.4 3 new system probably essential set up accommodation 3 3 3 15
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A guide to third sector trading - WCVA

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