Reverse-Engineering a Social Enterprise Model for Nonprofits
Abstract
By reverse-engineering a typical for-profit social enterprise, Concordia Place launched a proactive solution to the “long-term-work-with-short-term-funding” paradigm that plagues many nonprofits. Each year, nonprofits host fundraising events, prepare grant proposals, send appeal letters, conduct campaigns, and leverage public funding sources to try to fund the day-to- day, year-over-year operations. Finding a market to monetize a core competency empowers nonprofits to financially stabilize their current mission work. And, hopefully, from a position of financial strength, nonprofits can delve into more strategic, long lasting solutions to key social issues.
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Copyright (c) 2017 Brenda Swartz (Author)
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