A pet peeve of mine: spending a lot of time talking about what does or does not qualify as a “social enterprise.”
I’ve quit using the term altogether. We now say “Impact Organization.” Are you an impact organization? Answer these three questions.
- Does your organization exist first and foremost to solve a significant social issue that improves the lives of people who are substantially disadvantaged?
- Do you currently make a profit, or have a business plan that leads you ultimately to make a profit?
- Do you implement your mission without substantial negative side effects to society?
If you can unambiguously answer Yes to these questions, you are an Impact Organization.
Most importantly, if you work in an Impact Organization, I already know you will not be spending more than 3 minutes thinking or talking about this post – while others are defining social entrepreneurship, you have a mission to do.