Social Entrepreneurship – The Best Of Both Worlds

How is Social Entrepreneurship Different from Business?

A Social Entrepreneurship is, first and foremost, a business. That means it is an organisation engaged in the trade of goods, services, or both to consumers, but it trades primarily to support a social purpose (not profits for shareholders!). Like any business, it aims to generate profit, but it reinvests those profits in the business or in a social cause. It is, therefore, not simply a business driven by the need to create profit for shareholders or owners. Social Entrepreneurship is committed to commercial viability but the prime motivation is building a better society and finding a solution to social problems.

Like business, Social Entrepreneurship is diverse. They include local community enterprises, social firms, co-operatives, and large-scale organisations operating locally, nationally or internationally. Continue reading “Social Entrepreneurship – The Best Of Both Worlds” »

Are Charities Becoming More Social Entrepreneurial?

Social Entrepreneurship Versus Charity

Last night we had a Board Meeting for the Organisation I am a Director for called Empower 4 Life. We started to brainstorm ways in which raise money to equip the poor for self-sustainability. We discussed some fundraising ideas but the majority of the discussions centred around some social entrepreneurial projects that we could set up. Obviously, social entrepreneurship is my passion but when you look at traditional charity organisations around the world, there is a merging trend to use more entrepreneurial practices to become financially sustainable. Continue reading “Are Charities Becoming More Social Entrepreneurial?” »