Social Enterprise’s Expanding Position in the Nonprofit Landscape
In today’s economic climate, nonprofit organizations are seeking means to generate additional income to supplant a declining economic stream of traditional revenue. Social Enterprise activities offer nonprofit organizations the opportunity to generate earned income which in turn will provide consistent cash flow to further the mission of the organization. Social Enterprise activities can enhance the brand/reputation of the organization. A direct benefit of Social Enterprise activities for nonprofit organizations, can be the enhancement of management and overall business capacity of the organization. Planning should be incorporated from the onset of any Social Enterprise. As funding sources decrease, Social Enterprise activities are becoming a viable opportunity for an increasing number of nonprofit organizations.