Social Enterprise Business Plan Template

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You can view the steps of the certification process here.

Certification as a B Corp is available globally, and there are currently certified B corps in 34 countries worldwide.

Once you’ve written your first business plan ask for feedback, then listen to the feedback you’ve receive.

Be open to constructive comments and willing to add detail where it is needed.

A Benefit Corporation is a legal structure for a business, as an L3C or LLC is. Currently this structure is available in Arkansas, California, Colorado, Delaware, Florida, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington D. The world is full of opportunities to make a positive impact.

Benefit Corporations do not need to be certified, but they are required to make publicly available their performance on their social missions as compared to a third party standard. Social enterprises are really defined by their mission and their accomplishments, rather than their legal structure, so realistically any business can choose to become socially-minded and transparent, and dedicate themselves toward working for the common good.The basic idea behind a Benefit Corporation is that it is a for-profit, non-tax exempt entity that is legally able to emphasize it’s stated social or environmental goals ahead of maximizing profits for shareholders. The Huffington Post reports that as of 2012, 31 percent of those defining themselves as social enterprises were LLCs.Some business leaders make the argument that any good business can be a social enterprise.As a start-up you will find that funders, investors and stakeholders will request to see your business plan.Once you have your plan on paper it will be quick for you to pull together the information requested by funders or investors.When you are writing your first business plan you should aim to answer the following questions: Who are your competitors? Take time to think about what they do well and learn from them, it’s unlikely your idea has never been done before so use others experience as a tool for learning. You might not make a profit in your first year but you need to have an idea of when and how you will become financially sustainable.What resources you will need to make this happen – people, premises, materials? When you are first starting out you might be able to beg, steal and borrow but if you want to become sustainable you need to be realistic about the resources you need. When you are writing your first business plan the Business Model Canvas can be a useful structure to follow.The Social Enterprise Alliance offers this definition: “In its early days, the social enterprise movement was identified mainly with nonprofits that used business models and earned income strategies to pursue their mission.Today, it also encompasses for-profits whose driving purpose is social.“The definition has expanded to include contributing something to the world and living and working on one’s own terms,” Mycoskie says. This site is a wealth of information about B Corporations, from details on who approves the certification to the steps of the process and related legislation, including tips for international corporations and those operating entirely outside of the United States.Social Enterprise UK A resource for those looking to start social enterprises in the United Kingdom.

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