October 17, 2017 Laura 0Comment

Peter Mangan, founder of The Freebird Club, talks to us about social entrepreneurship, the importance of the double bottom line and creating a global community with a platform offering social travelling and home-stays to mature adults.

 

Key Takeaways

[0:47] By 2025 one third of Europeans will be over the age of 60

[3:27] Starting a business is a creative process

[3:50] Initial challenges include getting the right people around you, finding the money to get started and getting the first few customers

[12:25] It’s important that investors are also interested in the vision of the company

[14:00] It’s essential to be adaptable and flexible when things are progressing rapidly

[14:50] Planning for growth is important, you need to be able to service the business properly as it grows to keep customers happy

[15:45] There are increasing opportunities to get grant funding for social enterprises, which give credibility as well as early stage finance

[16:10] The number of investors looking for a double bottom line is growing, having a social impact as well as being profitable is increasingly important

[17:00] Top three tips on on starting your own business:

  • Talk to people who know that industry or sector
  • Believe in yourself and have the conviction to do it.
  • Find the supports on the way, it can be a lonely journey

 

Links to things mentioned in this episode

freebirdclub.com

The Freebird Club on Facebook

The Freebird Club on YouTube

The Freebird Club on Twitter

European Social Innovation Competition

European Social Innovation Tournament

Impact Hub Fellowship For Longer Lives