What is social enterprise?
Social enterprise is the fusion of a business opportunity and a social need.
In a traditional business, the profits are distributed to owners. In a social enterprise, the assets are held in trust to benefit the community and the profits are used to create further social good.
Why create a social enterprise?
To diversify revenue
A new funding stream is created and the organization has the flexibility in how to deploy the proceeds.
To use market forces to advance a social mission
The organization is connected with a new group of customers, broadening the reach of the overall mission.