What is a Social Enterprise?
A social enterprise is a for-profit, cooperative or nonprofit organization with two goals: to achieve social or environmental outcomes and maximize revenue. Social Enterprises…
Have a social or environmental impact
Earn income that directly supports that impact
Seek to maximize revenue to grow impact
Incorporating both mission- and market-driven values, Social Enterprise can be seen as the “middle” of the spectrum between traditional for-profit and nonprofit/charity enterprises.
Benefits to Social Enterprise:
Bring in money to pay yourself and staff
Reduce reliance on funding and donations
Create lasting community impact