Social Enterprise

What Is Social Enterprise?

Social Enterprises are organizations that address a basic unmet need or solve a social or environmental problem through a market-driven approach. By comparison, social enterprise takes the approach of getting the best of both worlds from conventional business models and conventional charitable organizations models. It takes a balance stance between those two models. By aligning business to United Nations SDGs leveraging the social enterprise model, it brings business to not only sustainable profitability but with better purposes and real impact to Social, Economy, and Environment development.

Why Social Enterprise?

While it seems like there are rooms of improvement to both the conventional business models and those of charitable organizations, social enterprise is filling the gap to make things work better. By taking care of social, economic and environmental impact at the same time while not losing the ability to self sustain, social enterprise can strike the balance between business model that goes after only maximum profit and charity model that goes after only maximum social impact. Social enterprise promotes, encourages, and makes social change alongside its daily business activities, which ensure sustainability by itself, A walk the talk approach. 

Sustainable Business Models

How long can our business sustain? Can our business sustain without any income for 3 months consecutively? What are the best ways or models to ensure business profitability, if not at least sustainability? These are just some of the very important questions to be considered before venturing into any business. This has been more alarming with the global pandemic outbreak in 2020, when none of the business has ever experienced such a long period of lock down in most countries, which is not under a physical war condition. The awareness towards business sustainability had been brought up through a hard reality hit. Businesses were tested with extreme cruelty.