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” »