Advantages of a Social Enterprise. Provides an opportunity for local people to gain employment; Brings about a positive change to people and communities ...
Advantages of a Social Enterprise
• Provides an opportunity for local people to gain employment • Brings about a positive change to people and communities • Social benefits – provides facilities to disadvantaged people • Profits/surpluses are ploughed back into the organisation. This could be used to develop new products/services/activities • People have more ownership • Provides a formal recognised structure for your enterprise. • Gives the flexibility and freedom of being able to trade commercially whilst still fulfilling social aims
Disadvantages of a Social Enterprise
• Have to compete in the commercial market and face the same challenges and risks common to all businesses • Having the necessary resources and skills to move towards becoming a social enterprise • Will introduce certain controls and restrictions as defined by its constitution, and that it will be expected to operate commercially, generating a proportion of its income from trading