The financial services of a company is one of the most important one in order to see your business plan move forward. For the social business the financial services are built up of the social contributors. The people who are crowd funding the project.
The social business is a creation of each own social contributors. They take plan, they design, they sell, they take decisions and they fund all these actions with their pre-order of the final product. I suppose this social business department sound more familiar to most of you, as we all have the recent emerging experience of the crowd funding model like Kickstarter and other minor platforms.
But of course we all know that a business in order to operate with stability needs to follow a budget and a cash flow. These 2 important tools should be ensured by the platform that is going to host the social business. It is important for every contributor to know before his contribution where the money will be spend. By this way the contributor comes much closer to the social business, raising the trust and the transparency of the company.
But who is supposed to create the budget and the cash flow? At this point this procedure should be done with 2 ways. Not separate each other, but in contribution. The first way is to start designing the business plan by the person or the team who has the idea. That's fair, but the contributors should be able to make interruptions to the budget and the cash flow mainly in the building procedure.
Therefore there should be a separate fee in order to be payed by the contributors which will grant them access to the scheduling of the company. This method could be used for every department, as the contributor gains the access to the managing team and has his own votes interacting with the other members of the social business.
Finally the financial department in the social business needs support from the platform that will host the social business.
In the case of an eyewear company there should be a clear budget schedule and a clear cost development research. The next department which one of the most difficult to socialize is the Supplies Department.
The social business is a creation of each own social contributors. They take plan, they design, they sell, they take decisions and they fund all these actions with their pre-order of the final product. I suppose this social business department sound more familiar to most of you, as we all have the recent emerging experience of the crowd funding model like Kickstarter and other minor platforms.
But of course we all know that a business in order to operate with stability needs to follow a budget and a cash flow. These 2 important tools should be ensured by the platform that is going to host the social business. It is important for every contributor to know before his contribution where the money will be spend. By this way the contributor comes much closer to the social business, raising the trust and the transparency of the company.
But who is supposed to create the budget and the cash flow? At this point this procedure should be done with 2 ways. Not separate each other, but in contribution. The first way is to start designing the business plan by the person or the team who has the idea. That's fair, but the contributors should be able to make interruptions to the budget and the cash flow mainly in the building procedure.
Therefore there should be a separate fee in order to be payed by the contributors which will grant them access to the scheduling of the company. This method could be used for every department, as the contributor gains the access to the managing team and has his own votes interacting with the other members of the social business.
Finally the financial department in the social business needs support from the platform that will host the social business.
In the case of an eyewear company there should be a clear budget schedule and a clear cost development research. The next department which one of the most difficult to socialize is the Supplies Department.
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