So how do social businesses create double and triple bottom line profit? Cross-Compensation – One group of customers pay for the service. Profits out of this combined group are used to subsidize the service for another, underserved group. Fee for Service – Beneficiaries pay directly for the good or services provided by the public business. Employment and skills training – The core purpose is to provide living wages, skills development, and job training to the beneficiaries: the employees. Market Intermediary – The sociable enterprise acts as an intermediary, or distributor, for an extended market.
The beneficiaries will be the suppliers of the merchandise and/or service that are being distributed to a global market. Market Connector – The public enterprise facilitates trade associations between beneficiaries and new markets. Independent Support – The interpersonal enterprise delivers a product or service for an exterior market that is independent from the beneficiary and social impact generated. Funds are used to support social programs to the beneficiary. Cooperative – A for income or nonprofit business that is owned by its users who also use its services, providing any type of goods or services virtually. 22 Awesome Social Enterprise Ideas!
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