This Non-Profit Runs a Billion Dollar Social Enterprise Business
About 20 years ago, I was handed a copy of the Red Cross business plan. When asked what is the business of the non-profit Red Cross, most people respond: disaster relief. My response, after reviewing their document, is that the business of the Red Cross is selling blood. It’s a billion dollar business. And the Girl Scouts? Money from cookie sales fuels the Girl Scout programs and summer camps. Mi Casa? The Latino community and working families served by this non-profit gain access to resources for improving education, after school enrichment, business training, and career development. Most non profits are risk-adverse. They don’t want to – or are unable to – borrow money and go into debt to fuel their programs. So the idea of a for-profit social enterprise that is tasked to make money for the non-profit is a new, innovative concept for many organizations like Mi Casa. Over the past seven years, after the loss of major government funding during the Bush Administration years, Mi Casa has made steady progress to identify a money making social enterprise that would both align with their mission statement, and bring in a steady cash flow to fund their non-profit programs. Last December, they launched TalentSource Staffing, a full service staffing agency in Denver, CO. After a slow start, they are now experiencing exponential growth and a welcome cash flow that goes directly to support services and resources that the non-profit offers. A second Mi Casa social enterprise that will teach financial skills to Latina women, is just launching. The addition of money making social enterprises to fund the work of...
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* Virtual Mentor With The United Nations; mentor to the Goldman Sachs/Fortune 2014 Global Woman Leaders Award Winner * Wrote for The Washington Post the national desk * Called “One of 50 People Who Matter Most on the Internet” by Newsweek Magazine * Author * Founder, Alexia Parks 10 TRAITS Leadership and KEYNOTE SPEAKER.
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