Closing a family business has broader impacts and implications on the community surrounding it - especially in terms of neighbourhood wealth and job losses.
While online fundraising and donor management platforms often charge fees to cover their own operating costs, these small amounts can add up over time, taking valuable funds away from social purpose organizations and the communities they serve.
Prioritizing mental health creates healthier employees and stronger businesses.
Thrive Impact Fund is mapping an optimal process for blending different financing (debt, equity, grants) and investors (public, private, philanthropic) around social impact projects. This collaboration and the innovative financial instruments created could significantly change how projects gather funding.
It's vital for those in the social services world to continue to learn, grow and implement new ideas.
When outside interests take over a small or medium business, manager positions are usually the first to be cut, removing large salaries from communities. Often, the business is purchased then closed, leaving holes in the community. Employee Ownership Trusts help businesses stay in local communities when a business has no successor, and contribute to employee retention and financial wealth.
