social delta

Consulting and support for social enterprise in Canada

Tag: business strategy

Social Delta provides Investment Readiness Program (IRP) consulting

The Government of Canada has launched the Investment Readiness Program, which provides non-repayable financing (also known as grants!) of between $10,000 and $100,000 to help social purpose businesses grow.

This is a landmark commitment to social finance and investing in the social economy of Canada by the federal government. All social enterprises–both new and seasoned–should learn more about this program in order to apply for the grants to build their capacity to be ready to accept social investments (loans, share capital) in order to grow their business, and generate greater positive social impact in our communities.

For more than a decade, Social Delta has been providing the type of consulting that is eligible for funding under this program. Contact us to discuss how we can help you access and effectively use these newly available funds to start or scale your social enterprise.

The IRP is available for social enterprises and social purpose organizations regardless of how they’ve been incorporated. Non-profits, co-operatives, and private sector businesses with a social mission are all eligible. If you are in business (or want to be in business) to create social value, this program can help you kick start your mission based company. There a five organizations administering the grant applications and one of those organizations, the Community Foundations of Canada, offers a very useful FAQ document that can be downloaded here.

This is not a grant to cover your operational expenses. However, it is money that is available to help you create a strategic approach to develop and fulfill the demand for your products and services. Business planning, marketing, organizational readiness, market research, and even purchasing assets necessary to fulfill contracts are all eligible expenses.

Social Delta is experienced, having worked with more than 400 social enterprises and social entrepreneurs across the country. We help with early stage creative thinking, professional market research, finding sources of start up funds, building effective and practical operational business plans, and scale social enterprises by increasing sales and reach.

We offer a complimentary 45 minute confidential consultation to discuss your business, and to listen to how we can help you create or grow a successful social enterprise. With the launch of the IRP, now there are funds available that can help us help you. To chat with us, book a free consultation online, or contact us here.

NEW: RECIPE FOR IMPACT

  • Is your social enterprise engine sputtering?
  • Are you and your team frustrated or overwhelmed?
  • Is revenue stagnant? Is financial sustainability in jeopardy?
  • Are you maximizing your social impact?
  • Is your founder looking for other work?

Social enterprises can have troublesome adolescent years as well, and Social Delta knows how to help  you overcome the challenge through a practical, effective one-day strategy session.

We offer a full day facilitated strategy workshop to help you and your social enterprise stakeholders identify strengths and challenges, and refine your objectives. This is a co-working session which draws upon Social Delta’s decade of experience working with and studying social enterprises, and your intimate knowledge of your own business.

This is not just any business strategy session. It is specifically designed for social enterprises, whether run as a co-operative, a non profit corporation, or a private company. We don’t just look at the numbers, we review the whole business proposition and identify how to maximize your social impact through improved business practices.

This unique service starts with an online survey completed by your team of stakeholders (clients, managers, employees, volunteers, board members and owners). This survey sets the foundation for an objective group evaluation of the financial and social health of your business in 12 different thematic areas.  The survey results form the foundation of a day of in-person discussions allowing your team to make concrete decisions about what areas need to have more focus, and what aspects of the business can be relaxed in the short term. The whole process is designed to “round the wheel” by reallocating scarce resources–time, physical assets, operating capital, and human resources–to create a stable, robust and effective social enterprise.

Together, we will write your business Recipe for Impact

In only one day:  Concrete, realistic, measurable  next steps to maximize the social impact and the financial health of your business.

Contact us for more information on pricing or to learn about this unique service for social enterprises.

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