Should You Start A Nonprofit or a Social Enterprise?
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- เผยแพร่เมื่อ 20 ก.ย. 2024
- Should you start a nonprofit organization or a social enterprise? Is a social enterprise a nonprofit or a business? We’ll answer that and more in this video. #Nonprofit #Entrepreneurship #SocialEnterprise
I now work full time for the 501c3 nonprofit I started many years ago and love seeing the social impact we make in our community as we grow. As we’ve grown, we’ve incorporated parts of a social enterprise business model. I’ve also known many people who started with social entrepreneurship (vs a traditional nonprofit route) and are making an incredible impact on the world!
In this video I talk about what a social enterprise IS, and how it fits into starting a nonprofit or starting a business - because the truth is, social entrepreneurship can be a part of either a nonprofit or a for-profit business model. It’s ALL about making a difference on the world.
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// MORE ABOUT ME
Hi! I’m Amber, a nonprofit founder, Executive Director, and public speaker on social impact, changemaking, nonprofits, leadership, and more. Want me to come speak at your business, college, school, or event or interested in consulting for your nonprofit? Reach out: ambermsmith.com/
My Nonprofit Founder to Full-Time Academy -- with online trainings to guide you through the steps to start a nonprofit (in the USA) and more -- is now LIVE! foundertofullti...
On Facebook? Talk to me and other change makers about social change, nonprofits, social enterprise, leadership and more in my Facebook group, Change the World or Bust: / changetheworldorbust
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I'm also on Twitter: / ambermelsmith
Pics of me and my cute dog on Instagram: / ambermelsmith
My Nonprofit Founder to Full-Time Academy -- with online trainings to guide you through the steps to start a nonprofit (in the USA) and more -- is now LIVE! foundertofulltime.com/
Thank you for teaching this. Non Profit with social enterprise. This video really helped with clarifying how to structure my 💡 ideas.
You're so welcome!
Very informative.. LOVE your materials.. perfect messages at the perfect time!!!!.. tytytyty
Yay! Glad they are helpful!
This video was made for me. I can’t believe it was just uploaded one day ago! Perfect timing! Thank you!! 💕
You're so welcome!
I am amazed at the diverse approaches that an individual can take to fit their plan of action. Only a true mentor can form an array of directions so easy to understand and execute.
Thank you Amber.
People are truly creative!
I think your content is Actually amazing ! keep moving forward . your explanation is clear and your voice is smooth ;) , im stating my first Enterprise soon. I will subscribe
Thank you so much!
OMG!! your video is so amazing! I recived so much clarity and you explained this topic very well!!! You have a new subscriber!
Yay!!
Thank's for this video! I saw the previous video on this subject and they are both great and inspiring to go-ahead with lest hesitation regarding the social enterprise.
Thanks! Social entrepreneurship is really interesting and promising for solving social issues at large scales. I find them super interesting!
This is actually what I desire to do!! Establish a nonprofit & build a social enterprise model into it. This nonprofit will tackle the complex problem of the rising number of single mothers living below the poverty line.
It can be a very effective model with the right infrastructure!
@@AmberMelanieSmith , do you offer help setting up nonprofits?
@@carolynmurphy9521 Hey Carolyn! I do nonprofit consulting sometimes, yes! I am booked up for the next bit of time but feel free to reach out for future opportunities.
@@AmberMelanieSmith , great!! I'm not ready yet but I'll reconnect around the first of the year.
@@AmberMelanieSmith , I'm starting a nonprofit and need help , could you please help set up a nonprofit for me ?
Great, straightforward breakdown. Thanks!
Thanks!
You earned my subscription, love the way you explain the difference & meanings
Yay! Thanks so much for watching!
Great video, thanks for sharing!
Thanks for watching!
excellent video, thank you so much for doing this work. I'm a social entrepreneur ready to start a social enterprise non-non-profit.
Yay! Glad the video was helpful!
wow, this is a very informative video, thank you so much.
You're very welcome!
Thank you for the guidance!
You're so welcome!
Making a difference!
That's what it's all about!
outstanding. very clear.
Yay!
Thank you for sharing I think for myself that non profit social enterprise is the way forward, however here in the UK regulations may be different, its something I will look into over the next few months.
Good luck!
We call it CIC in the UK instead; Community Interest Company.
This was great thank you for the content
My pleasure!
JK Blocks is a social enterprise in Makurdi, Nigeria that is set out to meet unmet needs in housing for all through making and improving access to blocks using market approach models.
Awesome! Thank you for sharing your work!
Very interesting.
Social entrepreneurship is fascinating!!
Thank you for this video 😊
You're very welcome!
V well explained 🎉
Thank you 🙂
Why is it that we hear so little about social enterprise? Charity and business seem to be much more in the public eye.
Not sure! I've always wondered that. My theory is that it is hard for people to wrap their brains around the idea that an entity can be BOTH profit and social-change oriented. It goes against cultural norms (at least in the USA), where it is generally believed helping others has to be completely separated from financial growth. That is a belief that ironically also harms nonprofits from becoming financially sustainable.
Our God blessings you
Thanks for watching!
Thanks ❤️❤️🙏🙏
You're welcome 😊
Thank you for the information... would you stand by this information now 2yr later?
Generally yeah! I think there may be some cool new examples of social enterprises I'd share now that have emerged in the past few years - so I'm sure an update video will happen! :)
Interesting
Social enterprises ARE interesting! :)
@@AmberMelanieSmith What are your thoughts on Trade Associations?
thanks
You're welcome!
For profit for family legacy
The rules will definitely be different for for-profit vs nonprofit then!
You Da Best!
:)
My idea requires many people to help out so I figure nonprofit would generate more volunteers.
It is one option, surely!
What would be the best way to register my clothing line if I wanted to donate 10-20% towards a nonprofit project
Hey Ashley, you can simply have your clothing line be a business of whatever structure you feel fits it best, then make donations to charity of whatever amount. No special structure needed for a business to simply donate to charity. :)
How do you pivot from a program where you receive donations of items and give them away to selling donated items cheaply? This is challenging as I am not sure when to pull the plug on the give aways?
Hi Mark, the IRS has some helpful guidelines on how to do this within the rules: www.irs.gov/charities-non-profits/contributors/information-on-donated-property-for-charitable-organizations
@@AmberMelanieSmith Just to be clear, I want to do this in a legitimate manner, as in procure items with a clear explanation of intention to sell them cheaply. Obviously donated items remain as donations to the people they are intended for. The problem is how and when to change the program. I am in Australia. This is a very frustrating point.
So I have an LLC but I'm wanting to help the community and charge very little for my services. I want to build up my community and make sure they have everything they need to succeed but the lack of profit is hold us back. If we were to become more of a social enterprise would we be able to change our tax structure in order to receive grants and donations?
A social enterprise is a business model, but doesn't necessarily relate to your legal structure. You could be a business and operate in a way that creates social impacts without being a nonprofit. If you instead changed to a nonprofit legal structure, you might be eligible for grants and donations, but you'd also have to have a board of directors (who can't be a majority of people with a relationship with you, per the IRS) who votes on your annual budget, who your Executive Director is, and what their salary may be.
@@AmberMelanieSmith thank you, I'm definitely going to look into possibly switching over.
is this only for USA or does this apply to UK too?
You mean the social enterprise model? There are examples of those all over the world!
I need help decided what to choose for my biz. Do you do consults?
Hey there! Normally I do but I'm booked up for awhile, feel free to join my FB group! facebook.com/groups/changetheworldorbust
How i contect with u ???
The 3000th 🤗
😎
I may need to watch this again because I couldnt concentrate properly as some stunningly beautiful girl kept distracting me