#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.
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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