Building a Profit for Purpose Business with Peter Scutt from Mable

How do you start a movement? Start by finding a new solution for a challenge you’re currently facing.

In this episode of the Humanity Works podcast, Peter discusses his ‘Profit For Purpose’ business model, the influence Mable is having on government policies surrounding aged care and disability support, and he shares his perspective on gig-economy based models of working.???

You’ve used the term ‘Profit for Purpose’ before, what are your thoughts on this idea and how can we rethink ‘for profit’ organisations??

[Peter:] When I heard the expression profit for purpose, I really latched on to it because I thought it really described what we were envisaging when we set up Mable. The areas we operate in, around aged care and disability support, is about human services to support people in communities to live independently, to live a better life, and to live a life of their choosing.?

These are areas that touch nearly every family. And so the scale of what we're trying to do is far reaching.?

“When you look at some of the challenges society faces, how do we deliver a solution that meets everyone's individual needs at a price point the government can afford, that taxpayers can afford and that empowers everyone and drives better outcomes? They're really challenging issues.”

I think building a sustainable solution comes from this profit for purpose model. Being able to think both through a lens of how we deliver a purpose, but also how we act commercially, those two lenses have to come together.?

How are you approaching diversity as you build your organisation??

[Peter:] The community we serve is very, very diverse. So at one level we would like the team at Mable to reflect the community we serve, and that's a bit of a vision statement. And so we really want to have an approach to diversity and inclusion that heads in that direction.?

We recently completed our first diversity and inclusion survey, using Culture Amp. It's been a great tool that we've been using at Mable, and there was some really good baseline feedback from our team. For example, 9% of people working here identify as having a disability. 24% identify as having an immediate family member with a disability. 42% of people identify as having a caring role within the family.?

So there's some really interesting baseline data, which I think says we're on the right track. But I think there's room to improve. But interestingly enough, we got a lot of positive feedback with people saying that you have an opportunity at Mable to feel competent, and to really make a contribution, irrespective of the background and the voices heard. So I think that's a real positive.?

There’s more to this episode! To hear all of Marie’s insights, listen to the full episode on?Spotify?or?Apple Podcasts. You can also read the interview?here.