1-in-2 Social Enterprise Companies Are Women-Owned
Social enterprise companies are in business to address — and mitigate — social, environmental, or community shortcomings.?
But they are also in business, which can be challenging for some.
During my career as a founder and mentor , I've seen many social enterprises lose their way by putting too much emphasis on their efforts to make a positive impact and too little on ensuring their organizations are financially sustainable.?
Recently Martin Zwilling , founder and CEO of Startup Professionals, wrote about this conundrum , reminding would-be, social-minded founders that the “mission is profit always, social impact maybe.”???
The World Economic Forum (WEF) came to a similar conclusion several years ago after finding that 38 percent of social enterprises failed within the first year of operation. In comparison, about 45 percent remained in operation for one and three years. Only slightly more than 5 percent of social enterprise organizations stayed in business for 10 or more years.
The WEF determined that the social enterprise businesses failed because they lacked the financial resources and insights to scale.
“A piece of advice for social entrepreneurs: to create an impact, you need the hard financial skills that will help you obtain investment and grow your business,” wrote the WEF.??
Years later, the WEF has released a new report indicating that social enterprise businesses have gained significant ground in the last decade.???
? Read the full article here. ?
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About Susan Lindeque
Susan is a visionary entrepreneur, futurist, and thought leader with over 35 years of experience in business, finance, investments, real estate, wealth creation, and technologies.
Her Massive Transformation Purpose is:
“Working to Inspire Abundance for Humanity & Invest in Exponential Technologies.”
She is the founder and CEO of Avestix , a global asset, investment, advisory, and technology company focusing on public securities, next-venture capital, commercial real estate, and alternative assets based on ESG principles.
Susan is passionate about nurturing innovation, transformation, and disruption in the new decentralized economy. She leverages her extensive network and deep industry expertise to select and empower exponential technologies that will disrupt, transform, and impact industries.
This article is for informational purposes only. All investments involve risk and some investments and investment sectors discussed may not be suitable for all investors. Please consult your financial advisor before making any investment decisions.