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A Journey to Sustainability for NPOs
Social enterprises are organisations working for social purpose that get part or all of their income from trading. They’re often referred to as “more than profit” because they do seek to make profit, and use it to sustain the enterprise and achieve its social aims.
Of course, no-one transitions to a social enterprise overnight. And many organisations choose to still receive grants and funding in addition to their income generation activities. What we also see, however, is that there are often income generation opportunities where these may not be immediately apparent.
But as with all big decisions, a move to a more social enterprising model needs to be explored and reflected on before making the commitment. Here are a few things to get that thinking started.