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 8.2 Managing for sustainability 212 Recognising sustainability 212 Steps to a sustainable organisation 213 8.3 Getting the staffing right 217 A new type of employment 217 A few words about job creation as a social enterprise goal 220 8.4 The roles of the directors 222 The composition of boards of directors 222 Board officers 224 Directors’ roles with special importance in social enterprises 225 8.5 ‘Community ownership’ 227 8.6 Constraints affecting charities and subsidiaries 229 Responsibilities for monitoring trading subsidiaries 229 Handling financial problems in the trading subsidiary 230 Sharing the charity’s facilities 231 9: Social enterprise and support bodies 234 9.1 Working with the public sector 234 The need to change the environment 234 9.2 Working with development workers 237 10: Sources of support 239 10.1 Leading organisations to support trading and enterprise 240 10.2 More guidance and support 244 Appendix 1: Types of legal structure for social enterprise 245 Appendix 2: A model business plan 249 Appendix 3: Calculating unit costs 253 A step by step guide for enterprises contracting for services 253 4
It’s an idea, but is it business? A guide to third sector trading Introduction This is a guide to trading for charities, community groups and social enterprises. Not for profit organisations who raise or intend to raise a significant part of their income from trading are sometimes called social enterprises. Exact definitions don’t matter. What matters is deciding whether trading is for you, and that you should do it efficiently. This guide takes you through the process step by step. It considers – why start, business planning, governance, funding and resourcing, monitoring, managing growth and sources of support. It also contains useful insights and models. I hope it will help all those considering and undertaking trading within the third sector. Graham Benfield OBE 5
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A guide to third sector trading - WCVA

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