Profit is not the only sign of a successful social enterprise.
Thursday, March 2, 2006
If you think that a social enterprise is the same as you and your mates getting together a whip-round in the pub, think again. Social enterprises are organisations with all the profit-making enterprise of corporate organisations but whose bottom line has as much to do with social benefit and sustainability. Here’s how to unleash some of that entrepreneurial spirit.
1. Be hard-headed. Social entrepreneurs (SEs)need all the qualities of commercial entrepreneurs. They take risks, grasp opportunities and are proactive rather than reactive. Most social enterprises are viable profit-making entities. If you haven’t got a head for business, then you’ll not cut it as an SE.