(2022). Retrieved 16 December 2022, from https://www.youtube.com/watch?v=KrQuGTvwl0s

A complete guide on Social Enterprise Impact | Sopact. (2022). Retrieved 16 December 2022, from https://www.sopact.com/social-enterprise 

Social Entrepreneurship

What is social entrepreneurship? Social entrepreneurship is a type of business that identifies social problems that need to be solved for the public benefit. Social entrepreneurship is available to approach ordinary enterprises, social services, and engagements creatively. What makes social entrepreneurship different from ordinary businesses is that it could be for-profit or non-profit. Still, it aims to solve social problems rather than accumulating the business owner’s wealth and estate. As ordinary businesses focus on expanding their business when it becomes profitable, social entrepreneurs can make decisions with their cause without taking other ways that might make money. 

Then, why is social entrepreneurship important? What kind of social impacts do social enterprises make in the community? For some problems, a for-profit business may be better suited to solving them. The businesses can make profits to expand what it is doing and address and solve problems they might have found. 

Besides, social enterprises may be less suitable for making a profit. Still, we can count on their positive impacts on the community, such as job creation, health care for the most vulnerable members, environmental protection, etc. Social enterprises are organizations that face the problems society has to go through. They are hard-working at the frontiers for the public, for us. Even when the priority for ordinary businesses would be profit, the very first priority for social enterprises is solving such social services they are serving.