Nov
19
“How to raise capital for your social enterprise”
Posted by: kylechan | November 19, 2012 | Leave a Comment
It is clear that what Jeff said on Thursday afternoon was reflective of today’s population. Students of Sauder in this decade have been raised up by their parents and by society into believing that in order to be an acceptable member of society, one must do do noble deeds. Now, when we combine the desire to be good samaritans, with the desire to make money, we get good-hearted entrepreneurs also known as Social entrepreneurs.
What is often misunderstood is that what we call Social Enterprises in business, is not the same as Non-Profit Organizations. What is clear from the article is that the main difference lies in the fact that Social Entrepreneurs can make both social and economical benefits. This is what is so appealing about being a social entrepreneur.
With today’s economy, entrepreneurs are having trouble finding the money to start up their company, which may be another driving factor for young business students to go into the social enterprises. Being a social entrepreneur opens many options to finding the financial backing needed to start a business. One of the many options open solely to social enterprises is receiving grants from credit unions such as what Save-On-Meats did with VanCity. Other mediums of finding the needed capital are also covered through the use of past examples here.(The article covers many examples of how successful social entrepreneurs are finding the capital they need.) It seems that social enterprises are starting to be more commonly found in the market, and since their aim is to help society as a whole, many people, including prospective investors are excited to help social enterprises reach their true potential.