Have you considered self-efficient funding for your charity? Are you tired of constantly trying to find a solution for funding of your charity?

Maybe you can be convinced into a social enterprise:

http://www.guardian.co.uk/voluntary-sector-network/2012/oct/15/charity-social-enterprise

Toms’ one for one slogan has been the underlying motive of their campaign, they give back one shoe to people in need for each shoe the public purchases

The Guardian states that there are almost 70000 social enterprises in the UK now, and the interest is only increasing. To be clear about what they mean “social enterprise,” the article defines it as “an organisation that trades for social purpose, meaning that any surplus is reinvested back into the business or the community.”

Why should a charity convert into a social enterprise? Adopting a self funded approach to a charity will give the charity a more sustainable and increased social impact.

However, there are things to consider before making the jump. Many charities struggle with the cultural aspect of the decision. They struggle with jumping from being gift funded, to a self-sufficient enterprise that sells services or goods to produce income. However, they forget that the profits are used to support the activities that charities usually does.

In conclusion, if your charity realizes that you’re able to provide a service and generate profit, why not become a social enterprise? You could generate income and use it to fund your social missions. But before jumping in to do so, make sure you have a strategy and a plan for providing a service or a product so you can be sure that you will generate profit. The social enterprise offers opportunities for charities to become long-standing, profitable organizations that focus on providing social services to the community.