Social Start Up

PoneyPoney Posts: 2subscriber
edited February 2008 in Startup Funding
Hi Everyone-
Looking to reach out for some advice on my social entrepreneurial business idea, I`ll be selling merchandise and giving a percentage of annual sales proceeds to charity.
Can anyone give me any ideas about start up capital? Because the idea is for-profit, but I`m looking to give to charity is there somewhere special to start?
 
Thank you,
Poney

Comments

  • robertjrobertj Tampa Bay, FloridaPosts: 0subscriber Member
    I think it`s great that you want to contribute to charity from your business results. Some things to consider:
    1. A percentage of the annual sales may not be the optimum way to decide how much. Consider contributing a portion of the operating profit or profit before tax.
    2. If you intend to get start up capital from "investors", they should agree with your intention and you should disclose it to them.
    3. If the capital will come from borrowing - you need to be sure the revenue will service the debt. See #1 above
     
  • PoneyPoney Posts: 2subscriber
    Very good point to think about.
     
    Thanks you!
  • robertjrobertj Tampa Bay, FloridaPosts: 0subscriber Member
    You are welcome.
     
    If you have specific questions, please feel free to send me a Private message.
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