In the evolving landscape of Australian business, underscored by frameworks like the State of Victoria's Social Procurement Framework, social benefit suppliers emerge as pivotal players in driving social and environmental change. Despite their potential, these suppliers face a labyrinth of challenges that can stymie their growth and impact.
The crux of sustainable advancement lies in harnessing the expertise of growth advisors specialised in social procurement and responsible sourcing. This article delves into why such partnerships are indispensable for social benefit suppliers aiming for impactful and enduring success within Australia's unique procurement ecosystem.
Social enterprises are businesses that aim to achieve social, environmental, or cultural goals while also making a profit. As mission-driven organisations, social enterprises are well-positioned to develop innovative solutions to pressing societal issues. This article examines ten key areas of social disadvantage in the contemporary Australian context, reflecting on opportunities where social enterprises could drive positive impact.
With over 20,000 social enterprises in Australia alone, there is immense potential for driving positive change through sustainable business models. However, many impact-focused ventures face obstacles in areas like measuring impact, raising capital, scaling operations, and securing revenue opportunities.
As we leave 2023 behind, several notable events impacted social enterprises and non-profits over the past year. Government funding fell 10% across the sector. However, donations from corporate partnerships and everyday Australians rose 15% compared to 2022, showing growing support. With economic uncertainty on the horizon in 2024, proper planning and strategy will be key to stability and meaningful impact.
Many business owners, boards, and stakeholders may not realise they are already operating as a social enterprise. Social enterprises aim to have a positive community impact, not just maximise profits. According to CSI Australia, a social enterprise has an underlying mission of creating social or environmental change. This differs from a traditional business focusing solely on making money.
In recent years, the concept of social enterprises has gained significant traction, serving as a driving force for positive change within our communities and the global business landscape. Social enterprises are unique entities that combine commercial activities with a core mission of creating social, environmental, or community impact.
Unlike traditional businesses solely focused on profit maximisation, these enterprises prioritise generating meaningful, sustainable change while ensuring financial stability. As our society moves towards a more conscious and inclusive economy, understanding the essence of social enterprises is crucial.
The team at One10 have been busy over the last 4 weeks creating a new program to support #socialenterprises.
The one-on-one program aims to engage with revenue-stage social enterprise ventures to build their resilience and help them to thrive in a post-covid world.
We are now seeking values-aligned #government #corporate or #philanthropy #partners to be part of this exciting and much-needed program.
One10 Social Impact Grant recipient WomenCAN Australia and founder Mikaela Stafrace is looking for someone to help establish it’s #FacilitiesMaintenance and #HomeServices Business. Find out more in the story.
Congratulations to EmpowrMobility founders Tristan King and Jerome Carslake who have successfully launched their impact venture after recently completing the One10 #Activate #Accelerator Program.
Empowr Mobility put's aspiring young Australians or people experiencing disadvantage into affordable, safe and fit-for-purpose vehicles. So they can safely get to work, school or their training course, and keep up important social connections.
Back in 2015 Impact Investor and One10 Group Founder, Geoff Gourley, established and seeded the One10 #FounderFund which is critical to how One10 support the social enterprise sector.
The ‘One10 Founder Fund’ helps support emerging Social Entrepreneurs & Founders to develop and launch their ventures from Ideation to MVP, and beyond.
We’re pleased to announce that since 2015 more than $750,000 has been generously provided by a range of individuals & supporters, and benefited participants through subsidised support and services delivered by One10 Group.
With the advent of new century, the world has witnessed a boom in the number of social enterprises across the globe. In US alone, more than half of social enterprises were institutionalized in 2006 or later and the trend is same elsewhere too. In India, around 89% social enterprises are just ten years old or younger. This signifies towards the novelty of social sector sphere, providing a colossal magnitude to budding entrepreneurs for innovation, ideation to experiment, refining or pivoting towards new ones, job creation while giving out million of dollars for maximizing social values through organizations, work and lives.
A digital guide for entrepreneurs and purpose-driven people who want to use social innovation and enterprise to make a difference in the world.
The One10 team made the decision 3 weeks ago to ‘self-isolate’ during the Covid-19 Virus Pandemic, which gave us some time to reflect and go back over years of tips, advice, lessons and interesting insights into Social Enterprise.
So, we have created this ‘Digital Guide to Social Enterprise’ for entrepreneurs and purpose driven people who want to use social innovation and enterprise to make a difference in the world.
mykensho is a unique technology, knowledge and human-enabled adolescent identity, career and advanced life skill development ecosystem solution.
Proud to announce today that Impact Investor and One10 Founder, Geoff Gourley and One10 are backing a new Regionally-Based Social Enterprise venture called Clann.
Last month our founder, Geoff Gourley, was extremely humbled to be selected in the Top 100 Social Entrepreneurs and Innovators around the world. A list prepared and selected by European-Based Social Enablers called the SE100.
Green is the new black in investing as billions of dollars pour into ethical funds and a rush of financial products with environment and social themes targets mainstream investors.
Ethical fund assets grew 62 per cent in 2015 to $52 billion, shows the latest Responsible Investment Association Australasia (RIAA) Benchmark Report. The sector has doubled in two years as responsible investing redefines the investment landscape.
The Victorian Government has released a Social Enterprise Strategy, announcing $5 million in funding to further increase the impact of and innovation in the state’s social enterprise sector, build business capacity and skills, and improve market access.
Social entrepreneurship is experiencing some exciting key trends to watch in 2017. What was once a difficult venture to pursue is becoming easier as access to valuable resources increases and as more consumers hold corporations socially responsible.
Social businesses and not-for-profits are coming up with innovative ways to tackle the SDG in anyway they can from finding different approaches to tackling these ingrained and complex issues.
As an engineer graduate I never envisaged myself going down an entrepreneurial path. I was keen to work within a large corporate and climb the career ladder. That person seems a million miles away from where I am today. I chose engineering for a few reasons, a strong one being the range of potential careers that you could have without being restricted to a certain field, but instead have transferable skills.
