In recent years, Black-led social enterprises have emerged as powerful catalysts for change in local communities. Driven by a mission to create social impact, these enterprises are tackling systemic inequalities by creating economic opportunities and empowering communities. By developing tailored, culturally relevant solutions, Black-led social enterprises are not only addressing systemic inequalities but also reshaping…
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Building and engaging with a supportive community is not just a strategy for survival; it’s a pathway to thriving in social entrepreneurship. Instead of individual determination, effective communities can enhance resilience by providing enterprises with a vital source of support, collaboration, and innovation. Being a social entrepreneur often involves significant emotional and mental strain due…
Social enterprises are increasingly becoming vital players in supporting families affected by disability. These organisations operate with a dual purpose: to generate profits that fund their social missions while creating positive change for communities. For families caring for individuals with disabilities, these services are crucial; not only to empower them financially but to address some…
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How Economies Can Thrive in Uncertainty
Economic uncertainty has become a common issue today, influenced by global challenges like pandemics, climate change, and geopolitical tensions. In these times, social enterprises—organisations that focus on social and environmental goals rather than just profits—can help strengthen our economies where traditional businesses fail. A notable strength of social enterprises is the ability to target social/environmental…
Impact washing occurs when organisations falsely claim to create significant social or environmental benefits without providing evidence to support these assertions. This trend, like greenwashing in environmental efforts, is becoming increasingly common and is profoundly affecting nonprofits and charitable giving. As donors become more selective in their contributions, they want to ensure that their support…
The recent UK Budget 2024 has prompted extensive discussions regarding the implications of rising operational costs for social enterprises. With the government announcing increases in employers’ national insurance contributions and the minimum wage, numerous social enterprises are now confronted with the significant challenge of maintaining their financial viability while endeavouring to provide impactful services to…
EdTech (Educational Technology) is a powerful tool that has the potential to revolutionise education, making it more accessible, equitable, and inclusive for all. By leveraging technology, EdTech offers innovative solutions to global education challenges, providing people from underserved communities with opportunities for a better future. One of the greatest advantages of EdTech is accessibility. In…
As social enterprises scale, maintaining a strong focus on their mission and impact becomes a key challenge. Growth often brings increased complexity, requiring careful planning to avoid mission drift while expanding reach and resources. Here are strategies to ensure social enterprises can scale effectively without losing sight of their core mission. Use strong, mission-driven leadership. …
Ethical sourcing and sustainable supply chains are increasingly important for businesses that want to align their operations with social and environmental values. For social enterprises, prioritising ethical sourcing is not just about reducing negative impacts; it’s a fundamental part of their mission to drive positive change. Social enterprises have a unique opportunity to lead by…
Given the growing concern about global challenges, it’s not surprising that investors are increasingly looking to make financial gains while also creating positive social and environmental impacts. Traditional investment models often fall short due to their focus on short-term profits, ignoring the wider effects of business practices. However, new investment structures, which align profit with…