Social Enterprise

1. Unwarranted Optimism (having no justification for) 2. failure to cut losses 3. Belief that mission will prevail over reality

1. Do all the right things a traditional business does 2. Avoid the social enterprise traps 3. grab the points of leverage that are available only to you

1. Discrete organization (by itself) 2. Part of the organization (teen challenge) 3. Subsidiary or affiliated organization (eurasia)

A well-thought-out model, a clear set of operating principles, a combination of deep passion and commitment, and sufficient attraction of capital.

Employees operate with a higher passion because of the cause, customers are more attracted and willing to buy from companies that support a cause, and it gives the business a financial leverage (banks lend money on combination of character, capacity, and collateral).

To get all stakeholders on the same page in defining success, more descriptive than a mission statement, describe what can be expected in various situations, should be prepared in cooperation with board members and employees, need to be accessible and readily available, and provide structure and guidance.

Seeing opportunities other people don't believe in, mobilizing resources, keeps moving forward, and self-correcting.

By using the SWOT analysis, getting prepared with a business plan, making sure they have the time, talent, and treasure to make sure the business plan will work, and knowing why you are doing what you are doing.

They understand business, recognize that without money there is no mission, are risk takers, optimistic believers, embracers of change, sticks with the course even when things are getting bumpy, truly wants organizational stability and growth, recognizes that running a social enterprise is different from running a nonprofit, and is a good salesperson.

A microfinance organization and community development bank that makes small loans to people in poverty, in order to help them start up their own businesses.

It serves as a road map for the company to follow, It provides steps for the company to take in order to generate profit, It establishes methods to measure impact, It provides guidelines for making data-driven decisions, It helps secure reliable streams of financing, It provides a course of action that guides the organization toward its mission, It will attract \"social impact investors\".

1. Get the planning process going 2. Build a model 3. Develop an implementation strategy 4. Finalize the business plan

1. Operating model 2. Social impact strategies

Description of the target beneficiary, the activities conducted by the organization to address the target social problem, and the expected outcomes.

1. Team and Governance 2. Financial sustainability 3. Marketing 4. Technology 5. Public policy 6. Performance and social impact measurement 7. Risk mitigation

The goal is to earn revenue while helping society at the same time. The main purpose is to help in providing solutions to common problems in society.

involved in charitable activities and do not pay taxes.

They indirectly address an intractable social need and serve the common good, commercial activity is a strong revenue driver for them, and the common good is its primary purpose.

Nonprofits are businesses and they operate as such, nonprofits do not receive gifts, and nonprofits does not mean no profit.

A social enterprise provides financial sustainability, helps the organization avoid perpetual dependency on charity, gives a sense of purpose to the clients, and makes a social change.