What exactly are the social enterprises? How they serve in socio-economic issues?
Social enterprise, a business model to achieve our shared objectives for a just and green economy.
Global trade, investment and business activity are the most powerful drivers of economic transformation and social change. In that light, social enterprises which trade for a social or environmental purpose offer a business model to help achieve our shared objective for a just and green economy in line with the SDGs. Social enterprises are businesses that are changing the world for the better. Like traditional businesses social enterprises create revenues, jobs and profits but their main objective is to create social impact. Social enterprises reinvest or donate their profit to create positive change.
What forms can a social enterprise take?
A social enterprise can be:
Non-profit organizations do not exist to generate revenue for shareholders and stakeholders but to create a business that focuses on a specific cause.
Businesses that operate according to a specific social or charitable mission are known as social businesses. These businesses are often supported by a non-profit organization and may exist to promote the organization’s goal and opportunity.
People who come together to address a specific need often form co-operative groups, or co-ops. These member-owned and operated enterprises usually focus on basic needs like housing or groceries.
A form of financial services for entrepreneurs and small businesses that lack access to banking and related services.
Are there any programmes that can help me establish a social enterprise?
An EU programme that supports social entrepreneurs through exchange of know-how and networking is the Erasmus For Young Entrepreneurs (EYE)!
Erasmus for Young Entrepreneurs is a cross border exchange programme which gives new or aspiring entrepreneurs, the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries.
The exchange of experience takes place during a stay with the experienced entrepreneur (1- 6 months), which helps the new entrepreneur acquire the skills needed to run a small firm.
Recently, the programme launched three destinations out of Europe (Israel and the USA New York, Pennsylvania), all available for exchanges of 1-3 months.