Being a Social Enterprise Information
What is a Social Enterprise?
A social enterprise is a business that combines making profit with creating positive social or environmental impact. Unlike traditional businesses that focus mainly on profits, social enterprises aim to solve community problems while still maintaining financial sustainability.
Key Differences Between Social Enterprises, Charities, and Private Businesses:
Social Enterprise:
A social enterprise is a business that combines making profit with creating positive social or environmental impact. Unlike traditional businesses that focus mainly on profits, social enterprises aim to solve community problems while still maintaining financial sustainability.
Key Differences Between Social Enterprises, Charities, and Private Businesses:
Social Enterprise:
- Generates income through selling products/services
- Reinvests profits into a social mission
- Self-sustaining through business activities
- Has both social and financial goals
- Relies mainly on donations and grants
- Dependent on external funding
- Focus solely on social impact
- Money spent goes directly to addressing social issues
- Creates sustainable solutions to community problems
- Provides employment opportunities for underserved populations
- Get needed products/services while supporting social causes
- More transparency in how money is used
- Creates conscious consumption options
