This case study is from 2014. We’re catching up with Ethical Property Australia to see what they’re up to in 2017. Watch this space.

STREAT is a social enterprise that provides homeless youth with the life-skills, work experience and training to start a career in hospitality.

After a long gestation, STREAT’s founders, Bec Scott and Kate Barrelle, kick-started the organisation in 2010 with two small food carts in Federation Square and a class of nine trainees. STREAT now supports six Melbourne based businesses – including cafes, catering and coffee roasting businesses – which provide venues to support the young people.

The enterprise’s vision is to stop youth homelessness and disadvantage, one mouthful at a time. These problems are hard to swallow, which is why STREAT works with others to stop them. Together they offer disadvantaged youth aged 16-25 a supported pathway from the street to a sustainable livelihood

 

“When we arrived at donkey wheel house, zero per cent of our revenue came from business operations, now 70 per cent of income comes from the business and within two years it will be 100 per cent. We’ll be running eight different businesses in a $5million company”

— Bec Scott, CEO of STREAT, 2014

 

Working alongside Paul Steele and donkey wheel house provided support in many ways to STREAT. TDi helped model STREAT’s growth options, educated the STREAT board about impact investment, brokered relationships with potential investors and provided support with developing documentation and agreements.

“Paul ran the process with a pro-bono law firm to create the new entity for the first $300k equity investment. Now we are working on a $2.5m impact investment”.

STREAT recently began modelling its first ten year growth plan.

 

“There is a gap in the market around the design of complex social enterprise deals. We were able to structure STREAT’s model to get the right mix of debt and equity, the correct market positioning, a strong model and bring together the impact investors”

– Bessi Graham, TDi CEO & Co-founder, Consultant with STREAT

STREAT was a project of donkey wheel when TDi was still a developing idea in Paul and Bessi’s minds. They see it as TDi’s pilot. It was the first social enterprise they worked with intensively – over 12 months – to prepare for investment.

Paul went to five law firms before finding one that could create the new STREAT entity – initially modelled by Bec and Paul on the back of a cafe napkin!

Now as they go out to the market for the $2.5m capital raise, with TDi as the intermediary, there is a track record for investors to draw on. “STREAT are in a very strong position and we expect that they’ll no longer need us once the second capital raise is done”, Bessi says. And that is how it should be.

It takes a village to grow an inclusive sustainable business

TDi has been committed to inclusive sustainable businesses since the early days of the social enterprise movement in Australia.

Two Feet Accelerator: Where are they now? YEVU

This week we’ve been chatting with Anna Robertson from YEVU – a social enterprise clothing brand designed and manufactured in Ghana.

YuMi Tourism Partners (Alotau) – Milne Bay Organics

“Coconut has been incredibly embedded in the Milne Bay tradition – from the food consumption through to the traditional dancing.” Last year, the YuMi pilot program took us to Alotau in Papua New Guinea, where we worked with difference maker, Rhona.

Indigenous tourism is key to economic recovery

Long-time friend, and associate of TDi, Ash Bartley has just started a new role with Visit Victoria.  We caught up with her recently to celebrate her new role and ask about the opportunity for Indigenous tourism in Australia’s economic recovery.

YuMi Tourism Partners (Alotau) – VilLink Tours & Expeditions PNG

“With what I’m doing, I want to encourage the other young women out there, that they can also have the chance to make a difference.  Not only in earning money, but sharing what they know, and getting other communities involved.”

Flexible and responsive coaching is key to sustaining women’s economic empowerment during a crisis

While each business owner faces their own set of challenges in response to the uncertainty and upheaval of COVID-19, we are observing a series of consistent coaching requirements emerge.

When life gives you lemons… pivot your business model

Nemika Brunton is based in Alotau, Papua New Guinea.  We met her during the YuMi Tourism Partners Pilot program.  The program addressed starting small, testing and learning, and how to adapt and respond to market needs.  These lessons have certainly helped Nemika shift her business focus in response to COVID-19. Tourism is a key industry for the town and many of the local businesses were tourism based.  So, the impact of COVID-19 hit the town hard.  Many locals – including Nemika – have adapted quickly to totally new businesses and customers.

Supporting Social Enterprise during COVID-19

Following a tumultuous year of bushfires, COVID-19 and recent floods in Southern NSW, lots of small businesses and the families and communities they serve, are doing it tough.  One way we’ve seen people showing their support for these local businesses is through the #shoplocal #shopvictoria and #buyfromthebush movements.  We’ve been inspired by this and wanted to share a #shopsocialenterprise guide based on some of the businesses we’ve been working with over the last 18 months.

Resilience, at what cost?

Over the past six months we as a team have navigated our own business and helped hundreds of others to do the same. We went from having a clear business model and ready to write our best year ever to having nothing as certain and many parts of our own business model under threat.

Finding motivation to continue business during COVID-19

As the current economic climate evolves with COVID-19, we have been sharing some perspective from both our own work and the continual conversations and support we’re offering others. Initially, we shared a metaphor about what this first felt like – like our house was...