A social enterprise is a company with a social mission at its core. Established to solve a specific problem for the benefit of poor or disadvantaged members of society, social enterprises operate exactly like normal businesses, except for some small differences.
Unlike a charity, a social enterprise generates profits and aims to be economically self-sufficient. Eliminating the need for fundraising allows social enterprises to reinvest profits to generate a sustainable social impact.
A social business is created by the disadvantaged population it serves or serves as its main clients.
100% of the company’s profits are reinvested in the continuation of the company’s social mission.