UnLtd
description
Transcript of UnLtd
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One Church One Hundred UsesSocial Entrepreneurs:
Backing people with passionCliff Prior
UnLtd: the Foundation for Social Entrepreneurswww.unltd.org.uk
www.unltdworld.comtwitter @UnLtd
http://www.facebook.com/UnLtd
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UnLtdReaching out and unleashing the energies of people to
transform the world in which they live.
We call these people social entrepreneurs.
Working for:
A world where people act to make it better
www.unltd.org.uk
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Back people first, projects second
Communities which face problems contain the people who will create
the solutions
Minimise bureaucracy, maximise opportunity, trust judgement, back
hunches
If there is a question about what is best, act and then learn from the
results
UnLtd philosophy
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We support a social entrepreneurs from first steps to scaling up
UnLtd Advantage and Level 3 support focuses on replication and scaling up with investment readiness support and brokerageLevel 2 support focuses on freeing up an individual’s time to develop a projectLevel 1 support focuses on first steps, building entrepreneurial capacity
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UnLtd* position in the sector: early stage and needing support
UnLtd*
Others
Money
Support
Early Later
AWs
AWs
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UnLtd strategy for the austerity age Social and community entrepreneurs at the heart
of rebuilding our society They are plentiful and create major benefits So get more support and more local support for
community level social entrepreneurs Drive growth in the social ventures with highest
potential for scale, to replace public services Reducing regulatory & other barriers to entry: eg
venture-lite model, altered procurement Build the ecosystem of support for social
entrepreneurs and their ventures www.unltd.org.uk/socialfuture
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Some real stories...
Annys Darkwa: Vision HousingPhil Conway: Cool2CareMatthew Bolton: Living Wage CampaignBasharat Najib: Voice of AstonAlex Grayson: Empower
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Who are Social Entrepreneurs?238,000 people trying to start (0.4%)
1.7m people leading one now (2.8%)
Majority small / 90% informal
Gender balanced
Peak age 30 - 45
40% Minority Ethnic (cf 10% average)
53% degree or professional
A third from 20% most deprived areas
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The power law of numbers vs scale
1K giants
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Benefits and impact
Economic impact* Social impact* Social innovation* Social capital* Confidence to act*
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DiversityCommunity Health Employment Sport Social care Housing Refugees Criminal justice Food miles RecyclingCarbon reduction Community regenEducation Digital social Advice Volunteering Faith Gang culture Campaigns Training Organic food Regeneration Youth work Safety Heritage Culture Peace building Crowdsourcing Social investment Fair finance And things so lateral they defy description
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What are the qualities you
need for success as a social
entrepreneur?
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All these
Motivated
CommittedSolution
focused
Talented
Strong Vision
Seize opportunity
Can do
Resilient
Resourceful
Determined
Passionate
Entrepreneurial
person Risk taker
Willing to make
sacrifices
Self aware
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And none of these
Motivated
CommittedSolution
focused
Talented
Strong Vision
Seize opportunity
Can do
Resilient
Resourceful
Determined
Passionate
Entrepreneurial
person Risk taker
Willing to make
sacrifices
Self aware
Idiosyncracy
Rules OK!
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There are many ways to be a
social entrepreneur
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Innovation or replication?
Innovation * Implementation * Applying something to a new field * Replication *
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What is the currency?
Money * People power * Trust * Media/celebrity *
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What is the market?
Business to business* Public service contract * Fundraising *Community support *
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What style of leadership?
Charismatic * Visionary * Operational *Barrow boy/girl * Professional *
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Two major motivations
Biographic * Career *
...trending towards a mix
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Two key notes to remember
You don’t have to be a saint * You don’t have to be a superhero *
Halos Lycra
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4 Tips for success
Be selfish! * Don’t do it all yourself *Big vision small steps * Cash is king *
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5 hints
Don’t wait – do it! * Network like crazy *Use mistakes as free education * Place yourself in the path of luck *
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Raising resources
Person, idea, deliverySeed > angel > VCCharity-socent-socbiz Cash-talent-connectionPartners, value chainLean design
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So what are you going to do about it?www.unltd.org.ukwww.unltdworld.comtwitter @UnLtdwww.facebook.com/UnLtd
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For profit
Start up business
SME business
Big business
Blended return
Start up social entrepreneur
Major social enterprise
For social benefit
Community venture
Top 100 charity
Early stage
Growing Big scale
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The Pipeline is fragmented:
First
Trading
Early
stage
£1m
plus
Later
stage
L2L1 L3L0
Pre
entry
Thinkers
Starters
Doers
Scalers
Builders
£100k -
£500k
Trading
record
Gap for initial
risk capital
Supply of risk capital for
growth has improved in
UK
Gap in support