Starting a social business

Once you are confident that you have a viable business proposition and the people needed to execute it, you are in a position to start your social business.

The next stage is to begin putting together your business plan. This master plan will outline the structure and governance of your enterprise in clear, concise terms while also showcasing the social purpose or social return as an additional feature.

Your business plan will also include financial projections and proposed options for start-up finance, as well as an outline of how you plan to manage both projects and employee relations.  

Once you’ve completed your business plan, you will be ready to run a social business.


In this section:

Social Enterprise Business Plan
Social Enterprise Business Plan

Guide to business planning: how to put together a business plan that accurately describes you and your proposed business in detail.

Social Business Structure
Social Business Structure
Social businesses typically involve more than one person in their governance, so creating a legal structure for your business is an essential step.
Woman writing on piece of paper
Financing a social business

You will almost certainly require start-up finance or 'capitalisation' in order to purchase stock and equipment, pay bills, pay for marketing and so forth. You will also need money to keep paying the bills until you are paid for your products or services.

Social Business Employment Relations
Social Business Employment Relations
Often, relationships with social business employees are more complex. In this section, we look at the best approaches to employment relationships.
Social enterprise project management
Social enterprise project management

Creating a new social business or undertaking change in an existing one requires the effective co-ordination of strategy and implementation.

For a detailed guide to the social business start-up process of a social business, head over to Co-operatives UK’s Simply Start-up.