#42 You don't have to give away your profits as a social enterprise

Say what? I find there's a lot of confusion about what a social enterprise is, and isn't, and what you "have" to do as one. So in this episode I tackling the myths and mis-understandings of what it means to be a social enterprise.

Say what?!?

I find there's a lot of confusion about what a social enterprise is, and isn't, and what you "have" to do as one.

So in this episode I tackling the myths and mis-understandings of what it means to be a social enterprise.

In this episode I explore:

• The definition is actually quite broad and allows for all types of businesses to be a social enterprise

• What being a social enterprise actually requires

• I explain why you don't have to give away your profits (as it isn't the only thing that defines a social enterprise)

• I explore different options for paying yourself as the CEO, founder or an employee, so your income isn't dependant on profits

• Why being a community interest company (CIC) isn't the only way to be recognised as a social enterprise

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Read more about what it means to be a social enterprise here in this blog: Are we a social enterprise?

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