What are the income or profit centres for your social business?
A great challenge for social enterprises is the area of finances, particularly for non-profit organisations, NGOs and even for some for-profit social enterprises. Creating multiple profit centres can be one of your challenges. This is something you need to consider when selecting the best business ideas for you.
Create Multiple Profit Centres
But finding your income or profit centre doesn’t have to be so hard. Finding it and insuring that your cash flow is ongoing and consistent is the significant part of the life blood of your social enterprise.
If your funds are not there, your social enterprise is not there. And if your social enterprise is not there then the social impact you’re wanting to create in the world will definitely not be there.
So finding multiple …