TIPS& ACTIONS : Week 11
“A social enterprise is a social business or business venture that exists to fix a social or environmental problem and uses its profits for this purpose. ” - Marcus Coetzee
To be considered a social enterprise, organizations must:
- 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 profits
- Be autonomous of state
- Be majority controlled in the interests of the social mission
- Be accountable and transparent
Reflect on whether a social enterprise is the right model for you:
- Who is your beneficiary (i.e. the people or community who will benefit from the services of the social enterprise)?
- Who is your customer (i.e. the person or organization that will pay the social enterprise to deliver its services)?
- Will the social enterprise be able to generate a surplus (i.e. profit margin) from sales to the customer?
- Will the social enterprise require a loan or equity investment in order to expand?
- How much control do you personally desire to have over the social enterprise?
- “A Guide to Legal Forms for Social Enterprises in South Africa” by Legal Resources Centre
- “A Guide to Finance for Social Enterprises in South Africa” by Greater Capital
- “What Makes a Social Enterprise a Social Enterprise” by Social Enterprise UK
- “Business Models for Social Enterprises” by Marcus Coetzee
- “Think Like a Social Enterprise” by Marcus Coetzee
- “Setting up a Hybrid Social Enterprise” by Marcus Coetzee
- Week 10 Highlight video: coming soon
Social Innovator Profile:
a. Luvuyo Rani: profile-luvuyo.php
3. Pro-Circuit Coach Profile:
a. Marcus Coetzee: profile-marcus.php
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