Deloitte Consulting LLP MOVING ‘FROM BLUEPRINT TO SCALE’: IDEAS FOR PROMISING ACCELERATION MODELS Overall Themes from Brainstorm Session Across All Enterprise Development Needs Shared Vision and Leadership A strong vision is important for a leader to develop a strategy and pitch the business to investors Media and Marketing SMS Cross-sector Collaboration Utilizing media effectively is key to reaching customers and building the brand overall Careful collaboration with other stakeholders can benefit enterprises across all challenges Coaching and Mentorship -2- Euclid_Readout_v1.pptx The right mentors can provide the necessary support for enterprise leaders Key Recommendations for Specific Enterprise Development Needs 6 Business Development and Strategic Planning Distribution and Market Access Create a shared vision Think differently for creativity and innovation Partner with social sector players Create a unique, memorable brand Learn from others and their experiences Apply appropriate tools & approaches from business Utilize social media Collaborate with private sector players 3 8 Financing Leadership Skills and Business Acumen Identify new and innovative models for financing Build relationships locally and nationally Find coaching to develop leadership skills Collaborate across sectors Communicate business ideas effectively Improve impact evaluation and documentation Explore new models of governance Use pro-bono support on specific projects -3- Euclid_Readout_v1.pptx 2 2 Business Development and Strategic Planning Euclid Participants Recommended … “The challenge for entrepreneurs… is the ability to attract and retain managerial talent, especially in light of severe competition with well-established corporate firms” – Omidyar Network Networks Introduction to Potential Investors Network of (future) Stakeholders Capability Building Coaching and Mentoring Dynamic and Responsive Business Dev. Clarity in Communication Enabling Ecosystem Knowledge of External Activity Boot Camps Social Incubators How They Are Served Experienced Social Entrepreneurs Financial Models Design Thinking Business Model Canvas Accelerator Programs Source: Euclid “Have Your Say” Conference, January 2014; Workshop facilitated by Deloitte Consulting LLP -4- Shared Vision Collective Intelligence Euclid_Readout_v1.pptx What Entrepreneurs Get Direct Resource Provision 3 Financing Euclid Participants Recommended … Direct Resource Provision Special Loan Schemes Networks Relationshipbuilding Locally and Nationally Capability Building Impact Evaluation and Documentation Enabling Ecosystem Joint Venture Opportunities How They Are Served Social Investment Funds Tax Benefits Investment Donations Social Entrepreneurs Pension Plan Communicating Business Idea Effectively Organizational Development for Scalability Capacity to take Capital Inflow Knowledge of Funding Sources Venture Capitalists and Angel Investors Consortium of Social Entrepreneurs Commercial and Investment Banks Source: Euclid “Have Your Say” Conference, January 2014; Workshop facilitated by Deloitte Consulting LLP -5- Community Banks Social Stock Market Donors Government Euclid_Readout_v1.pptx What Entrepreneurs Get “Social entrepreneurs struggle to access finance and face capital that is inappropriately structured for their needs” – ANDE 6 Distribution and Market Access Euclid Participants Recommended … What Entrepreneurs Get “Access to customers remains a critical gap holding back social ventures” – Nesta Direct Resource Provision Access to Distribution Network Networks Introductions for Distribution Networks Capability Building Set up a Strong Marketing Team Create a Unique Brand Localize Offerings to Regions Use Social Media Marketing Companies Government’ Distribution Networks Corporations’ Distribution Networks Public Procurement Enabling Ecosystem Source: Euclid “Have Your Say” Conference, January 2014; Workshop facilitated by Deloitte Consulting LLP -6- Other Social Entrepreneurs Euclid_Readout_v1.pptx How They Are Served 8 Leadership Skills and Business Acumen Euclid Participants Recommended … What Entrepreneurs Get “Most social enterprises require significant capacity building and training to attain the education, skills, and access to information in order to execute their business plan.” – GIZ Direct Resource Provision Pro-bono support for specific projects Networks Connections with for-profit Corporations Capability Building Leadership Training Ad-hoc support New Models for Governance Steering Councils General Business Acumen Financial Skills How They Are Served Incubators in Corporations Cross-sector Collaborations In-house Training with Mentors Network Organizations Source: Euclid “Have Your Say” Conference, January 2014; Workshop facilitated by Deloitte Consulting LLP -7- Global Good Fund Crowd-sourced Boot Camps Media (e.g., HBS Review) Euclid_Readout_v1.pptx Enabling Ecosystem