Enzo Woo's Blog

This blog post pertains to the three different types of enterprises and focuses on one particularly interesting one: Meals on Wheels.

Drivin' and cookin' for the good of others

There are three different kinds of enterprises:

1. Profit maximizing
2. Charity
3. Social enterprise

Interestingly, the last one happens to be a mixture of the first two, aiming to generate revenue to the best of its abilities. The variation here is that the former takes all earned ‘profits’ and reinvests it into the cause-based business. The latter will solely use that profit for payoff, catering to its shareholders and employees, and will primarily think ahead towards future profit-maximizing opportunities. Social enterprises also cannot be publicly traded and have a social conscience at the core of its operations.

Meals on Wheels is a great example of a social enterprise that prepares nutritious, catered meals for those who otherwise do not have easy access to them. Their clients include seniors, new immigrants, disadvantaged children, people with low-income, and the working homeless. While these meals sometimes come at a low cost, they are aiming to better the community in their own valuable way.

A grateful client of this worthy social enterprise

Meals on Wheels is a phenomenal social enterprise that is worth taking a note of, going about their business with a clear social conscience in mind.

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