Social enterprises are mission driven organizations that apply market-driven business growth strategies to achieve a social purpose. Their aim is to accomplish a “double bottom line” -- making both an impact on the mission as well as the financial outcomes of the organization.
Social enterprises can vary greatly, depending on the interests and market opportunities available to a nonprofit. They are most easily created when a nonprofit has organizational capacity, marketable assets that can be leveraged along with a sound market opportunity.
Many nonprofit organizations see social enterprise as a way to reduce their dependence on charitable donations and grants. Others view the social enterprise itself as the vehicle for social change. Whether structured as a nonprofit or a for-profit, social enterprises are launched by social entrepreneurs who want to improve the common good and solve a social problem in a new, more lasting and effective way than traditional approaches.
Strategy Solutions can help you evaluate your social enterprise alternatives, conduct feasibility studies and business plans to support your social enterprise. We can also train your staff to complete these activities to support your current or future social enterprise efforts.
Contact us at 866-480-8003 or info@getstrategy.com for more information.