Feasibility Studies & Business Plans

To get a social enterprise project up and running, you will need to first test out the idea out and see if it is feasible. Some questions you will need to answer are;

• What is the market for the product or
  service?
• What are the technical issues that need to be addressed?
• What is the competition?
• Will people or business buy it?
• Is it going to be sustainable?
• Does it fit your Mission?

Once you answer these questions, you can move on to prepare a Business Plan which deals with such issues as;

• Marketing
• Annual Cash flow
• Capital requirements
• Staffing
• Organisation structure

Planning for success

If you are going to be successful, you will need to plan and keep on planning. There are two basic types of planning;

Strategic

Planning for 3-5 yrs. What are your overall Aims & Mission?

What key resources need to be in place?

What are the external factors?

Can you manage the Risk?

Have you got financial planning in place?

Operational

Staffing job descriptions

How is your project going to operate?

Who is going to do what?

When is it going to happen?

How are you going to reach your market?

Board Development and Governance

• Company structure and incorporation
• Who should be a director?
• What key skills are needed from a
  director?
• Getting the balance between  Governance and Management
• Key compliance tasks

Taking on new staff

Often a critical part of making a success of a new enterprise, you need to consider;

• Job analysis
• Job description
• Person specification
• Salary scale

Once that  is complete you need to conduct a recruitment process including;

• Job advertisement
• CV screening
• Interview process
• Selection
• Staff contract

Back-office support

We can provide support with;

• Payroll
• Bookkeeping
• Cash-flow projections

For help and advice on setting up and running your social enterprise, contact us on

01-8171911 or e-mail services@tosach.ie

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