Revised guide to climbing social enterprise ladder

Social Enterprise London has launched an updated guide to help social enterprises manage their finances.

The guide, Climbing the Ladder, was first published two years ago but, after recent developments in the social enterprise sector, it now includes new advice and step-by-step guidelines on how to create effective financial management systems.

"We want people to recognise that the enterprise sector still needs capacity to build and time to grow," said Mei Yee-Hai, business research manager at Social Enterprise London. "The latest guide recognises changes such as new methods for financing social enterprise and better government loans systems.

"We are looking at how social enterprises can be less risk-averse and create sustainable futures for themselves. This advice will allow all social enterprise groups to address common fears such as loss of autonomy and control."

The research has been produced with the support of Triodos bank, whose regional manager for London and the south east, Paul Nicoll, described the guide as "a must for anyone considering embarking on a new venture".

The finance guide is part of a range of new publications produced by Social Enterprise London that give advice on various issues, including how to be a social entrepreneur, how to market a social enterprise, the role of social enterprise in the third sector and how childcare organisations can adopt a social enterprise strategy.

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