THE WINNERS of
the SOCIAL BUSINESS PLAN
COMPETITION
2009 received their PRIZES
at an AWARDS EVENT held at The Business
Place Philippi on 25 November 2009.
PRIZES
INCLUDED...
- 8 small
grants and preferential loan funding to help start or grow the winners'
social businesses.
- Membership
to The Business Place's new membership program.
- The 2 *main
prize winners*
received grant and preferential loan
funding, as well as a sponsored incubation package with office space
and administration support.
THE WINNERS WERE...
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WHAT IS A
SOCIAL BUSINESS?
- A social business uses business
methods to address social problems.
- A social business should have a
solution to a problem in a community. Also, this solution must have
a way of making money.
WHAT WAS THE
COMPETITION ABOUT?
We
were looking for people with interesting and workable ideas to address
social problems in their communities and make enough money to provide
them with an income and keep the business going.
The
judges looked for a social business plan that:
- Clearly
addressed a social problem.
- Showed
how the activities of the business would start to address the problem.
- Showed
how within a reasonable time the business would pay for itself and
become profitable.
- The
jobs created by the social business would be fair and offer a decent
wage.
The
people who qualified:
- Already
ran a social business, or had an idea for a new social business.
- Lived
and operated their social business on the Cape Flats - the area with
the boundaries N2, Baden Powell Drive, R310 and M5 as well as Delft and
Blue Downs.
The
competition was open to all but we particularly welcomed entries from
youth, women and people with disabilities.
Entries
could be by an individual or as a business or other kind of
organization – whether this was an unregistered business, a
Pty Ltd, CC, sole proprietor, partnership, co-operative, Section 21
company, NPO, NGO or any other relevant kind of organization.
We
helped entrants with training workshops to develop a social business
plan outline that described how their idea could work. The workshops
were held at The Business Place (Philippi & Ekapa branches) and
at Red Door (Khayalitsha & Mitchells Plain branches). |
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