Updated: Jul 25
Social enterprise describes many different kinds of businesses, and it needs to have a clear definition. In this episode of Strategy Made Simple, we go through several key elements to define social enterprise.
Featuring content based on interviews with:
Sophie Short: https://www.socialenterprisemark.org.uk/
Elizabeth Chick: https://www.buysocialcanada.com/
Rebecca Dray: https://www.buysocialusa.org/
Amanda Kiessel: https://www.goodmarket.global/
Social Enterprise World Forum (SEWF) characteristics of a social enterprise:
1. Mission focused
2. Surplus/profits invested into the mission
3. Ownership tied to the mission
4. Transparency in business practices
5. Primary income is through trading goods/services
6. Asset locks
Marketplace Revolution by David LaPage: https://www.buysocialcanada.com/marketplace-revolution
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You can continue the conversation by joining SocialEconomyConnect.com. Social Economy Connect is a free mutual support platform for practitioners, social entrepreneurs, co-op members and developers and third sector supporters to discuss issues and solutions with a focus on social outcomes in the economy.
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For more information visit strategymadesimple.ca
Scripted, recorded and edited by: Matthew Rempel
Music provided by: epidemicsound.com
Strategy Made Simple: Keep it simple.
About the Author:
Matthew Rempel is a social enterprise development coach, with a focus on marketing. He helps social enterprises focus in on the core values of their business, and present them in clear language for their customers and clients. He has connected and interviewed many social enterprise leaders in Canada and around the world. He is also a lifelong nerd, and will gladly use analogies from games and movies to explain complex topics.