Social Enterprises are mushrooming across the world.
There are several attempts to define what a Social Enterprise is and there are many interpretations.
How can we build a business that creates social value and makes a profit ethically?
Some of us have grown up believing that ‘profit’ is a dirty word. Profits from social causes is just not done for us. How can we sustain a social enterprise that does not ask for charity or donations and provides ourselves a fair income?
Social Enterprises come in many models. There are some Robin Hood kind of business models that attempt to rob the rich and pay the poor. There are some CSR kind of initiatives that also gain brand equity from their CSR activities.There are some enterprises that work on green technologies and products and gather carbon credits besides an income from their products and services. There are some great social enterprise models that enable community enterprises.
At Methodlabs India I am striving to create a reasonable business model that I can call a social enterprise.
I believe that it is better to earn a profit from working and adding social value than live off charity.
I also believe that the social value my business adds is worth much more than the income that accrues to my enterprise.
I do not want to run a donor funded non-profit organization.
I also do not want to exploit my employees and profit off their labor unfairly.
I prefer to build a trans-organization that has a collaborative, ethical and sharing culture.
To me the cause is the business.