37 min
The Social Enterprise Set-up Journey - The Midlife 360 experience with Co-Founder, Ingrid Fawcett The Nonprofit Bookkeeper
-
- Non-Profit
Join me and my guest, Ingrid Fawcett, co-founder of Midlife 360, as we explore the world of social enterprises and their unique challenges, focusing on empowering women in midlife. Ingrid shares her journey alongside co-founder Sally Field, blending business acumen with a passion for societal impact, ultimately bridging gaps for women re-entering the workforce. Ingrid also sheds light on the differences between social enterprises/Community Interest Companies (C.I.C.) and Charities, discussing registration challenges and financial planning strategies for new ventures like Midlife 360.
KEY TAKEAWAYS
The founders of Midlife 360 have faced challenges during the registration process, but have learned valuable lessons and gained clarity on their mission.Financial management and opening bank accounts can be challenging for social enterprises, but building relationships with banks and seeking support can help navigate these processes.Midlife women facing challenges and transitions can benefit from seeking support and recognizing their skills.BEST MOMENTS
“There was somebody else who was building a web, an app about sharing tools at home between men and women…”
“… personally, that whole element of it terrifies me. So, it’s one of those sorts of things that, it goes back to doing maths at school….”
“You and Sally are probably juggling everything on your own. How do you manage it all, I hand it all over to Sally. Good idea”
“So I'd say to anybody who's starting something, it's starting to invest in that relationship prior to actually opening the bank account”.
EPISODE RESOURCES
Cambridge Judge Bus. School's Social Venture Weekend
Allia Grow you Bus. Social Ent. Programme
Connect with Midlife 360
Connect with Ingrid
ABOUT YOUR HOST
Aishat operates her own practice – BAnC Services which focuses primarily on serving non profits. Before founding her practice, she dedicated over two decades to the non profit sector. Beyond her professional endeavours with non profits, Aishat is deeply committed to supporting single mothers in navigating financial management challenges and is the author of "Money Solutions for Single Mums" (available at https://amzn.eu/d/fvDcdG). Additionally, she is passionate about educating young black adults on financial literacy. In essence, Aishat is particularly enthusiastic when engaging in conversations about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
LinkedIn
Instagram
TikTok
Join me and my guest, Ingrid Fawcett, co-founder of Midlife 360, as we explore the world of social enterprises and their unique challenges, focusing on empowering women in midlife. Ingrid shares her journey alongside co-founder Sally Field, blending business acumen with a passion for societal impact, ultimately bridging gaps for women re-entering the workforce. Ingrid also sheds light on the differences between social enterprises/Community Interest Companies (C.I.C.) and Charities, discussing registration challenges and financial planning strategies for new ventures like Midlife 360.
KEY TAKEAWAYS
The founders of Midlife 360 have faced challenges during the registration process, but have learned valuable lessons and gained clarity on their mission.Financial management and opening bank accounts can be challenging for social enterprises, but building relationships with banks and seeking support can help navigate these processes.Midlife women facing challenges and transitions can benefit from seeking support and recognizing their skills.BEST MOMENTS
“There was somebody else who was building a web, an app about sharing tools at home between men and women…”
“… personally, that whole element of it terrifies me. So, it’s one of those sorts of things that, it goes back to doing maths at school….”
“You and Sally are probably juggling everything on your own. How do you manage it all, I hand it all over to Sally. Good idea”
“So I'd say to anybody who's starting something, it's starting to invest in that relationship prior to actually opening the bank account”.
EPISODE RESOURCES
Cambridge Judge Bus. School's Social Venture Weekend
Allia Grow you Bus. Social Ent. Programme
Connect with Midlife 360
Connect with Ingrid
ABOUT YOUR HOST
Aishat operates her own practice – BAnC Services which focuses primarily on serving non profits. Before founding her practice, she dedicated over two decades to the non profit sector. Beyond her professional endeavours with non profits, Aishat is deeply committed to supporting single mothers in navigating financial management challenges and is the author of "Money Solutions for Single Mums" (available at https://amzn.eu/d/fvDcdG). Additionally, she is passionate about educating young black adults on financial literacy. In essence, Aishat is particularly enthusiastic when engaging in conversations about money management.
Work with Aishat: www.bancservices.co.uk
CONNECT
LinkedIn
Instagram
TikTok
37 min