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Working for a better small business community
Pre Start-up
Planning and preparation to start
Social Enterprise: Business on a Social Mission
| | Tip#2 Where has Social Enterprise come from?
Traditionally, peoples' and societies' needs were met by 1 of 3 methods -
1) private business who saw an opportunity to make money for individual benefit;
2) charities (including faith bodies) who recognised that societies' needs could not be entirely met by private business;
3) the state – who 'picked up the slack' left over.
However, it is increasingly recognised that some needs are not and cannot be met by these methods – private businesses will not trade where then cannot make what they deem 'sufficient' profits; there are less grants for charities; and the state only has so much money it can spend...
A hybrid approach is therefore becoming increasingly attractive – social enterprises, which combine the purposes of charities with the sustainable trading practices of business.
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