A for-profit social enterprise may be more focused on generating sales.
Some companies find more success in converting to a social enterprise business plan model.
In a recent press release, CEO of SEUK Peter Holbrook announced: “Today we’re calling on all social enterprises to join our movement.
The country’s current economic model is broken but together we can use our collective voice and mandate to bring about the change that is so desperately needed.
Transitioning to a social enterprise will only enhance or expand your existing mission.
You should not change your business plan if you are interested in making money.SEUK’s stance on social enterprises proves that there is a future for these types of businesses.To develop a social enterprise business plan, you must first have a cause, of course.Starting a social enterprise is similar to launching a business.The ideal candidates are a hard-working entrepreneur looking to influence social change or an existing business owner looking to expand or change its business model. This mission typically involves solving a social, cultural, or environmental issue.Often, social enterprises have more of a social connection and community impact than traditional businesses.So, this opens the door to greater branding opportunities and more exposure to a community.However, you must have the right motives behind a building a social enterprise.Most companies already have a mission that is at least loosely focused on social, cultural, or environmental improvement.“Increasingly more and more people recognise that social enterprise must be the future of business, we are seeing more and more CICs, community businesses, mutuals and co-ops emerge.Our message is that together we are much more powerful than we can ever be alone—our country and our world is crying out for economic models that nourish and support our communities rather than extract wealth and exploit.