We need sustainability first

I get frustrated that some people within the social enterprise sector (particularly in employment based enterprises) have such grandiose thoughts of growth and diversification that you would think they are Donald Trump. The key to success in social enterprise is to grow for sustainability first; world domination can come second if that floats your boat.

If as social entrepreneurs we don’t understand the need to manage cash, staff, and customers, we will not succeed (most social enterprise really are small businesses with big hearts – and its the same deal for any small business).

So, sure entrepreneurialism is what starts our businesses and often grows our business, but without some managerialism the structure wont be right for continued growth. Without a good structure / foundation of policies, customer service, quality assurance, cash management etc a business will fail and no social impact will be created.

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About stevewilliams1901

Social entrepreneur based in Australia.
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