Should You Start A Nonprofit or a Social Enterprise?

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Should you start a nonprofit organization or a social enterprise? Is a social enterprise a nonprofit or a business? We’ll answer that and more in this video. #Nonprofit #Entrepreneurship #SocialEnterprise
I now work full time for the 501c3 nonprofit I started many years ago and love seeing the social impact we make in our community as we grow. As we’ve grown, we’ve incorporated parts of a social enterprise business model. I’ve also known many people who started with social entrepreneurship (vs a traditional nonprofit route) and are making an incredible impact on the world!
In this video I talk about what a social enterprise IS, and how it fits into starting a nonprofit or starting a business - because the truth is, social entrepreneurship can be a part of either a nonprofit or a for-profit business model. It’s ALL about making a difference on the world.
// WHAT TO WATCH NEXT
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// MORE ABOUT ME
Hi! I’m Amber, a nonprofit founder, Executive Director, and public speaker on social impact, changemaking, nonprofits, leadership, and more. Want me to come speak at your business, college, school, or event or interested in consulting for your nonprofit? Reach out: ambermsmith.com/
My Nonprofit Founder to Full-Time Academy -- with online trainings to guide you through the steps to start a nonprofit (in the USA) and more -- is now LIVE! foundertofullti...
On Facebook? Talk to me and other change makers about social change, nonprofits, social enterprise, leadership and more in my Facebook group, Change the World or Bust: / changetheworldorbust
Join my newsletter! ambermsmith.co...
I'm also on Twitter: / ambermelsmith
Pics of me and my cute dog on Instagram: / ambermelsmith

Опубликовано:

25 сен 2024

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Комментарии : 85

@AmberMelanieSmith 3 года назад

My Nonprofit Founder to Full-Time Academy -- with online trainings to guide you through the steps to start a nonprofit (in the USA) and more -- is now LIVE! foundertofulltime.com/

@mentalityofmindset 3 года назад

Thank you for teaching this. Non Profit with social enterprise. This video really helped with clarifying how to structure my 💡 ideas.

@AmberMelanieSmith 3 года назад

You're so welcome!

@tommalsman4185 Год назад

I am amazed at the diverse approaches that an individual can take to fit their plan of action. Only a true mentor can form an array of directions so easy to understand and execute. Thank you Amber.

@AmberMelanieSmith Год назад

People are truly creative!

@MegaGabedog 9 месяцев назад

Very informative.. LOVE your materials.. perfect messages at the perfect time!!!!.. tytytyty

@AmberMelanieSmith 9 месяцев назад

Yay! Glad they are helpful!

@carolynmurphy9521 Год назад

This is actually what I desire to do!! Establish a nonprofit & build a social enterprise model into it. This nonprofit will tackle the complex problem of the rising number of single mothers living below the poverty line.

@AmberMelanieSmith Год назад

It can be a very effective model with the right infrastructure!

@carolynmurphy9521 Год назад

@@AmberMelanieSmith , do you offer help setting up nonprofits?

@AmberMelanieSmith Год назад

@@carolynmurphy9521 Hey Carolyn! I do nonprofit consulting sometimes, yes! I am booked up for the next bit of time but feel free to reach out for future opportunities.

@carolynmurphy9521 Год назад

@@AmberMelanieSmith , great!! I'm not ready yet but I'll reconnect around the first of the year.

@Joyyyyyyyyyyyyyyyyyy 4 месяца назад

@@AmberMelanieSmith , I'm starting a nonprofit and need help , could you please help set up a nonprofit for me ?

@b-borg8942 3 года назад

Thank's for this video! I saw the previous video on this subject and they are both great and inspiring to go-ahead with lest hesitation regarding the social enterprise.

@AmberMelanieSmith 3 года назад

Thanks! Social entrepreneurship is really interesting and promising for solving social issues at large scales. I find them super interesting!

@dumbphonemom 3 года назад

This video was made for me. I can’t believe it was just uploaded one day ago! Perfect timing! Thank you!! 💕

@AmberMelanieSmith 3 года назад

You're so welcome!

@sapheriaemani6491 Год назад

OMG!! your video is so amazing! I recived so much clarity and you explained this topic very well!!! You have a new subscriber!

@AmberMelanieSmith Год назад

Yay!!

@08tinotenda 3 года назад

I think your content is Actually amazing ! keep moving forward . your explanation is clear and your voice is smooth ;) , im stating my first Enterprise soon. I will subscribe

@AmberMelanieSmith 3 года назад

Thank you so much!

@slsand1mixtapetour381 3 года назад

Great, straightforward breakdown. Thanks!

@AmberMelanieSmith 3 года назад

Thanks!

@a7siesta 3 года назад

excellent video, thank you so much for doing this work. I'm a social entrepreneur ready to start a social enterprise non-non-profit.

@AmberMelanieSmith 3 года назад

Yay! Glad the video was helpful!

@mahmoudgrant779 3 года назад

wow, this is a very informative video, thank you so much.

@AmberMelanieSmith 3 года назад

You're very welcome!

@Landidariddler5402 2 года назад

You earned my subscription, love the way you explain the difference & meanings

@AmberMelanieSmith 2 года назад

Yay! Thanks so much for watching!

@aquaculture8028 2 года назад

Making a difference!

@AmberMelanieSmith 2 года назад

That's what it's all about!

@PorscheAbraham 3 года назад

Great video, thanks for sharing!

@AmberMelanieSmith 3 года назад

Thanks for watching!

@iangill6761 3 года назад

Thank you for sharing I think for myself that non profit social enterprise is the way forward, however here in the UK regulations may be different, its something I will look into over the next few months.

@AmberMelanieSmith 3 года назад

Good luck!

@cristel1114 2 года назад

We call it CIC in the UK instead; Community Interest Company.

@josephaondoverkogi5306 Год назад

JK Blocks is a social enterprise in Makurdi, Nigeria that is set out to meet unmet needs in housing for all through making and improving access to blocks using market approach models.

@AmberMelanieSmith Год назад

Awesome! Thank you for sharing your work!

@wepersonallyexperience1272 3 года назад

Thank you for the guidance!

@AmberMelanieSmith 3 года назад

You're so welcome!

@PhilosophicalZombieHunter 2 года назад

outstanding. very clear.

@AmberMelanieSmith 2 года назад

Yay!

@BDoctus 3 года назад

Very interesting.

@AmberMelanieSmith 3 года назад

Social entrepreneurship is fascinating!!

@jasmineweiss1097 3 года назад

This was great thank you for the content

@AmberMelanieSmith 3 года назад

My pleasure!

@BranchofTheTrueVine02 2 года назад

Thank you for this video 😊

@AmberMelanieSmith 2 года назад

You're very welcome!

@codeAlongwith 3 года назад

Why is it that we hear so little about social enterprise? Charity and business seem to be much more in the public eye.

@AmberMelanieSmith 3 года назад

Not sure! I've always wondered that. My theory is that it is hard for people to wrap their brains around the idea that an entity can be BOTH profit and social-change oriented. It goes against cultural norms (at least in the USA), where it is generally believed helping others has to be completely separated from financial growth. That is a belief that ironically also harms nonprofits from becoming financially sustainable.

@sumeshkaushik8935 Год назад

V well explained 🎉

@AmberMelanieSmith Год назад

Thank you 🙂

@Alnoor7Inc Год назад

Our God blessings you

@AmberMelanieSmith Год назад

Thanks for watching!

@hansanaicker5015 Год назад

Thanks ❤️❤️🙏🙏

@AmberMelanieSmith Год назад

You're welcome 😊

@danielcitizenman5510 3 года назад

Interesting

@AmberMelanieSmith 3 года назад

Social enterprises ARE interesting! :)

@danielcitizenman5510 3 года назад

@@AmberMelanieSmith What are your thoughts on Trade Associations?

@NopomFoundation 2 года назад

thanks

@AmberMelanieSmith 2 года назад

You're welcome!

@bonnevillegarage Год назад

Thank you for the information... would you stand by this information now 2yr later?

@AmberMelanieSmith Год назад

Generally yeah! I think there may be some cool new examples of social enterprises I'd share now that have emerged in the past few years - so I'm sure an update video will happen! :)

@hansanaicker5015 Год назад

For profit for family legacy

@AmberMelanieSmith Год назад

The rules will definitely be different for for-profit vs nonprofit then!

@ashleywalker5536 Год назад

What would be the best way to register my clothing line if I wanted to donate 10-20% towards a nonprofit project

@AmberMelanieSmith Год назад

Hey Ashley, you can simply have your clothing line be a business of whatever structure you feel fits it best, then make donations to charity of whatever amount. No special structure needed for a business to simply donate to charity. :)

@codeAlongwith Год назад

How do you pivot from a program where you receive donations of items and give them away to selling donated items cheaply? This is challenging as I am not sure when to pull the plug on the give aways?

@AmberMelanieSmith Год назад

Hi Mark, the IRS has some helpful guidelines on how to do this within the rules: www.irs.gov/charities-non-profits/contributors/information-on-donated-property-for-charitable-organizations

@codeAlongwith Год назад

@@AmberMelanieSmith Just to be clear, I want to do this in a legitimate manner, as in procure items with a clear explanation of intention to sell them cheaply. Obviously donated items remain as donations to the people they are intended for. The problem is how and when to change the program. I am in Australia. This is a very frustrating point.

@EmergingSpeakers 3 года назад

My idea requires many people to help out so I figure nonprofit would generate more volunteers.

@AmberMelanieSmith 3 года назад

It is one option, surely!

@IAmSteffReed1 3 года назад

You Da Best!

@AmberMelanieSmith 3 года назад

@king0vdarkness Год назад

is this only for USA or does this apply to UK too?

@AmberMelanieSmith Год назад

You mean the social enterprise model? There are examples of those all over the world!

@Jeffjutzu Год назад

So I have an LLC but I'm wanting to help the community and charge very little for my services. I want to build up my community and make sure they have everything they need to succeed but the lack of profit is hold us back. If we were to become more of a social enterprise would we be able to change our tax structure in order to receive grants and donations?

@AmberMelanieSmith Год назад

A social enterprise is a business model, but doesn't necessarily relate to your legal structure. You could be a business and operate in a way that creates social impacts without being a nonprofit. If you instead changed to a nonprofit legal structure, you might be eligible for grants and donations, but you'd also have to have a board of directors (who can't be a majority of people with a relationship with you, per the IRS) who votes on your annual budget, who your Executive Director is, and what their salary may be.

@Jeffjutzu Год назад

@@AmberMelanieSmith thank you, I'm definitely going to look into possibly switching over.