Our Mission is to create social entrepreneurs by nurturing them with training, counselling and monitoring that will create large-scale job and social action following the sustainable development approach.
Social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives.
The social entrepreneur is a mission-driven individual who uses a set of entrepreneurial behaviours to deliver a social value to the less privileged, all through an entrepreneurially oriented entity that is financially independent, self-sufficient, or sustainable.
Social enterprises are businesses, which apply market-based strategies to achieve a social or environmental purpose. Many commercial businesses have social objectives, but social enterprises are distinct as social or environmental purpose remains central to their operation.
So, Social Enterprise is the market based solutions of global problems. Social Enterprise have a clear social and environmental commitment, which generate the majority of their income through trade , principally reinvest profits in their mission, are accountable and transparent , and which have participative or democratic governance or ownership.
According to Social Enterprise UK, social enterprises should:
Have a clear social and/or environmental mission set out in their governing documents.
Generate the majority of their income through trade.
Reinvest the majority of their profit.
Be autonomous of state.
Be majority controlled in the interests of the social mission.
For Profit For Impact –They make profits and also make impacts
Social Enterprise –They make revenue, but direct it all back into making more impact. A social enterprise has as its goal the improvement of one or more social, environmental or community practices, where profit is seen as a means, not the end, of the enterprise.
Non Profit -They rely on grants and charity to make impact.
The two are distinct ways of doing business. A social enterprise’s primary purpose is its social and/or environmental mission – it tries to maximise the amount of social good it creates balanced against its financial goals.
An ethical business however, attempts to minimise its negative impact on society or the environment.