Today is a 20 minute task led by your tutor and a Westminster City Council member. Follow each task carefully during the session.
Task 1: Calculate your business ingoings/outgoings. Explore how social enterprises make and invest their profits to help you decide what to do with your own.
Task 2: Begin to piece together your pitch. Use the example slides and key features to begin piecing together your final pitch presentation!
Making a Profit:
As you are setting up a product based business, your profits should come from the sales that you make.
But what you do with those profits is what makes you a social enterprise. It’s up to you how you choose to do this. Reinvest, split a percentage, donate to charity… the possibilities are endless!
Cost Strucure Examples:
Examples include sales commissions, product cost, cost of labour and raw materials used in manufacturing, etc…
What will your business be spending money on?
Revenue Stream Examples:
By selling goods and services in the open market, subscriptions and fees, grants or funding from local councils or charities, etc…
How will your business make money?
Watch this video from Dragon’s Den.
What techniques does this entrepreneur use to capture the dragon’s attention?
Your Pitch Presentation
Take a look at the recommended slides for your slide deck. You can download an example presentation using the button below. The boxes to the right give you an idea of what to include in each slide.
We recommend using Canva.com to create your presentation – use the login details on week 4.