This 2013 Social EnterPrize recipient is a brilliant example of how perseverance, planning, and maintaining quality can turn a grant based charity into a self-sustaining social enterprise. We had a chance to catch up with Founder and CEO, Marcia Nozick on the most recent updates on ESS.
“This program represents a ‘summer of opportunity and social impact’, for the student and the Trico Foundation”, said Overall. “The student will be able to move their venture forward while generating additional income and plugging into our support services, network activities and events; and we get another bird’s eye view on what is needed to take promising social enterprises to the next level. It’s a real win-win.”
Happy New Year! The start of 2019 gives us the opportunity to reflect and learn from 2018. The past twelve months brought the Trico Charitable Foundation amazing insights such as crossing the chasm; the 6 key mindsets of social entrepreneurship; the release of 9 A.S.E.S.S. blogs; social entrepreneurs’, summer students’, and Social EnterPrize recipients’ journeys and learnings; and the grand opening of the Trico Changemakers Studio.
There are a growing number of events connected to social entrepreneurship. Many of them happen in our home city, demonstrating what an incredible hub of activity Calgary is. The Trico Foundation team is pleased to attend many of them and wish we could attend more.
With our definition of social entrepreneurship at the forefront, Trico Charitable Foundation is committed to the development of the social entrepreneurship ecosystem by helping social enterprises figure out their key issues.
To zero in on the testing you need, you have to balance two perspectives. On the one hand, you want to be aware of and prepare for all key risks/thresholds as you move from where you are now to what you want your social venture to be when it is in its ‘steady state’ (i.e. your model has proven to be a success and growth is predictable and steady. A typical barometer in this regard is what your venture will look like five years after it starts). This will also help make sure you are building towards your goals rather than building a bridge to nowhere (this is a significant risk for start-ups, as discussed below). On the other hand, a lot of your current assumptions will be wrong, so you don’t want to go into too much detail too far down the road.