Social Enterprise Journey

Social Enterprise

My JourneyFrom Inspiration to Action

Prajakta Kharkar, Cofounder,Million Arts Project

January 23, 2010, SMU SAGE

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Million Arts Project

a for-profit start-up

A social mission

empowerment through enterprise

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Our profit partners• Joyce Oromo – main artisan, helped by the women in the picture

•10 children, some her own , some her late sister’s

• Civil war refugees now living in Kampala

•Paper-bead jewelry –

•Food on the table

•Send children to school

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Spectrum of business models

Positive Social Impact

Profit-motive

Charities

Govt. and some Intl. bodies Soc. Enterprises Biz

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Double bottom-line

Solutions to societal problems

+ Sustainable +ve income stream

= Social Justice

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Models within social enterprise

Manufacturer Wholesaler Retailer Consumer

Value chain

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The Million Arts Model

Manufacturer Wholesaler Retailer Consumer

Value chain

Profit-sharing

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Finding your own space Million Arts’ Three Step Formula

Step 1: Identify a social problem

Step 2: Propose a solution – Does not have to be an innovative idea but needs to

fill a gap that is not being met– Collaborative competition vs. Cut-throat competition

Step 3: Back up the idea with a profitable business model

Special Tip: Use the internet to the fullest!

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Dealing with Challenges

• Communication

• Cross-border management

• Getting rid of the ‘volunteer’ mindset

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Million Arts Factsheet for 2009

• Supporting a group of 28 refugees in Kampala

• Online sales implemented

• Replicating the model in Tanzania

• Million Arts Ambassador programme spreads to India and the US

• Successful social media strategies

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Further Resources

Visit us, write to us and join us @

• Million Arts Project: www.millionarts.com

• Any queries or stories?– [email protected]– Follow us on Twitter: MillionArts