social enterprise | Numbers Knowhow https://numbersknowhow.co.uk/category/social-enterprise/ Cash flow and financial planning made easy Wed, 18 Feb 2026 15:57:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://numbersknowhow.co.uk/wp-content/uploads/2022/02/cropped-Favicon-Cog.png social enterprise | Numbers Knowhow https://numbersknowhow.co.uk/category/social-enterprise/ 32 32 Overcoming 5 Common Challenges For Social Enterprises https://numbersknowhow.co.uk/overcoming-5-common-challenges-for-social-enterprises/ Mon, 13 Nov 2023 11:55:31 +0000 https://numbersknowhow.co.uk/?p=13623   Social enterprises do amazing things. They matter because they offer underrepresented groups employment opportunities. They also reduce economic inequity, improve social justice and increase environmental sustainability. But it’s not always rosy in the garden of social enterprise. Why is running a social enterprise difficult? Being a social enterprise brings a unique set of challenges not experienced by traditional businesses or charities. Social enterprises are constantly trying to balance their activities between generating profits and meeting their stated social aims. It doesn’t matter what you do but you must have a clearly defined social or environmental mission at the heart of your organisation, earn more than 50% of your income from trading and re-invest or donate at least 50% of your profits to your mission. However, meeting the competing financial and social needs can be difficult and many social enterprises struggle to stay solvent or meet their ambitious social goals. This blog looks at five of the most common challenges facing social enterprises today. Financial challenges for social enterprises Social enterprises can often find managing their finances difficult. These issues generally fall into three broad categories: Limited access to capital Banks and other lenders typically view social enterprises as higher-risk […]

The post Overcoming 5 Common Challenges For Social Enterprises appeared first on Numbers Knowhow.

]]> Social Enterprise Management For Success https://numbersknowhow.co.uk/social-enterprise-management-for-success/ Fri, 10 Nov 2023 11:38:24 +0000 https://numbersknowhow.co.uk/?p=13737   Social enterprise management is no different than managing any other for-profit business – at least in some ways. However, managing a social enterprise has additional challenges that aren’t found in traditional companies. Here are just five aspects to consider. Key aspects of social enterprise management Social enterprise management is all about balancing potentially competing priorities. A social enterprise must first make money before it can succeed in its social vision and mission. These two ends of the seesaw could make managing the organisation more difficult than a business with profit generation for shareholders as its focus. 1. Mission and values The overriding mission of a social enterprise is usually to tackle a social or community problem. It could be helping people who are homeless to get warm clothing and a hot meal. It might be providing employment for young offenders or perhaps even have an environmental angle such as creating local recycling opportunities. Whatever the mission, you’ll need to align it with your organisation’s financial and business strategy because one can’t happen without the other. Being clear on your mission and values helps stakeholders, including potential investors, employees, customers and suppliers to understand why you might operate differently than […]

The post Social Enterprise Management For Success appeared first on Numbers Knowhow.

]]>