Social enterprise is fundamentally a subject matter of social entrepreneurship that basically deliberates its independent business activities and dynamic participation in the market, basically to participate in an active role of solving social coherent issues and sustainable development, support locals expand their capital, instill solidarity in amongst members and promote social inclusion.
Educational funding, health, social development, other and scientific forms of research are the common ones to receive personal and private grants. Some individuals do get awarded with grants for other purposes, mostly if they manage to present the prospects in a worthwhile-manner, bearing enough backup that appears commendable to the responsible agencies.
Whether structured as a profit or non-profit organization, a social enterprise is an organization that utilizes capitalistic methodologies so as to obtain philanthropic goals. Charity as the center point of social objectives and responsibility entail basically what a social enterprise is. Doing charity by doing trade can best describe a social enterprise, other than doing charity while doing trade, as many entrepreneurs have made it seem.
A company ceases to be a social enterprise if its primary purpose is not based on the basic social aim of promoting social growth and assisting in sustaining the improvement of basic livelihood of given people. Intending to incur losses, some entrepreneurs through the enterprise will go to extents of issuing misleading charitable gestures so as to obtain funding through dubious means from the government grants.
Social enterprise concept ends up a social degradation by misuse and integration if it is directly bound to financial support and legal benefit. Having a very wide array of definitions, social entrepreneurship should be subjected to private law and should also have experts discuss conditions of eventual legal and financial support.
Due to current global financial crisis, many entrepreneurs, with the use of new ideas tailored to be materialized as socially beneficiary intentions, are purposely using the available means of obtaining public grants so as to sustain running of their business and increase personal gain. Most of unreserved entrepreneurs focus most of the funds on the primary role of evading tough competition emergencies and boosting profits.
Accessing Government grants can be so much of a daunting process mostly due to requirements that come along with it, obligations like providing background research, objectives and their attainment methods, information on staff and experience in doing the work and complete budget plans. Some people sought to get the grants from bigger organizations which assist the Government in issuing funds to smaller social enterprises, due to the lack of direct follow up, the issued grants do at times end up being used in a non-social manner.
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