social enterprise journey
DESCRIPTION
Presentation made by Million Arts co-founder,Prajakta to Students for Advancement of Global Entrepreneurship ("SAGE") in January 2010TRANSCRIPT
Social Enterprise
My JourneyFrom Inspiration to Action
Prajakta Kharkar, Cofounder,Million Arts Project
January 23, 2010, SMU SAGE
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Million Arts Project
a for-profit start-up
A social mission
empowerment through enterprise
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Our profit partners• Joyce Oromo – main artisan, helped by the women in the picture
•10 children, some her own , some her late sister’s
• Civil war refugees now living in Kampala
•Paper-bead jewelry –
•Food on the table
•Send children to school
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Spectrum of business models
Positive Social Impact
Profit-motive
Charities
Govt. and some Intl. bodies Soc. Enterprises Biz
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Double bottom-line
Solutions to societal problems
+ Sustainable +ve income stream
= Social Justice
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Models within social enterprise
Manufacturer Wholesaler Retailer Consumer
Value chain
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The Million Arts Model
Manufacturer Wholesaler Retailer Consumer
Value chain
Profit-sharing
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Finding your own space Million Arts’ Three Step Formula
Step 1: Identify a social problem
Step 2: Propose a solution – Does not have to be an innovative idea but needs to
fill a gap that is not being met– Collaborative competition vs. Cut-throat competition
Step 3: Back up the idea with a profitable business model
Special Tip: Use the internet to the fullest!
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Dealing with Challenges
• Communication
• Cross-border management
• Getting rid of the ‘volunteer’ mindset
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Million Arts Factsheet for 2009
• Supporting a group of 28 refugees in Kampala
• Online sales implemented
• Replicating the model in Tanzania
• Million Arts Ambassador programme spreads to India and the US
• Successful social media strategies
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Further Resources
Visit us, write to us and join us @
• Million Arts Project: www.millionarts.com
• Any queries or stories?– [email protected]– Follow us on Twitter: MillionArts