Posts by Adam Gustine

Business in the Neighborhood

Over the past three years, CovEnterprises and LMDJ has hosted an intensive on social enterprise at Midwinter. Each year, we have gathered pastors and community development practitioners from inside and outside the Covenant to a day+ session focusing on the key issues of enterprise and economic development. We have examined the theological foundations for social…

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Five Factors- Part 6- Material

Lastly for our series on looking for natural advantages for your business, we come to the question of material. What does it take to run your business, specifically, what consumable materials are needed to make what you are selling etc? (Here we are thinking specifically of what it takes to make/produce etc, not other materials…

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Five Factors- Part 5- Facility

One of the biggest challenges a new enterprise will face will be absorbing high facility costs. If you are making loan or rent payments on a facility (likely meaning you are locked into a long term lease or mortgage), you will need immediate revenue just to sustain those payments. The allure of getting into a…

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Five Factors- Part 4- Labor

Looking for a natural advantage when it comes to labor costs is a 3rd factor that will impact the potential success of your enterprise. The challenge with looking for a natural advantage in labor costs for an enterprise that seeks to create impact/transformation is that, very often, the people hired in the business are part…

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Five Factors- Part 3- Market

A second factor that will have a serious impact on the viability of your enterprise is the question of the market for your business. Who is buying what you are selling? This might seem like a bit of a crass way to put it, but with a few thoughtful brainstorming sessions, we believe that this…

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Five Factors- Part 2- Capital

The first of the five factors is capital. More specifically, the kind of capital you have access to that you are using to launch your enterprise.  Not surprisingly, many businesses struggle to find/raise the money to launch their business well, and in the cases where small businesses find access to business loans, investors etc. the…

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5 Factors- Part 1

In our previous series, we wrestled with the question of impact. What kind of impact will your social enterprise venture make in the community? How do you know? How will you know if you are being effective? These are essential, and first questions. Starting by naming the impact we want to make, and the ways…

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Start with Impact 6- Community Resiliency

The final marker of community transformation that we think about when we evaluate the impact in community is the development of community resiliency. Similar to community flourishing, resiliency is not an easy thing to track numerically. However, it is a critical layer for any healthy community.  Resiliency refers to the capacity to recover from a…

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Start with Impact 5- Community Flourishing

Over the last few weeks, we’ve been looking at ways to measure the impact in our community through the work of enterprise and economic development. Central to our core philosophy at CovEnterprises is the idea that we ought to begin the work by identifying the impact we seek to make in the neighborhood and working…

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Start with Impact 4- Development

Last week, we looked at ways that social enterprise can pursue authentic community transformation by working to create pathways of opportunity in communities where folks experience a lot of brick walls and challenges to economic stability. In the main, creating opportunity is a work that happens at the individual level, impact people in the community.…

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