Social Enterprises: Doing Good and Making Profit

Think social enterprises are just fluffy charities with no financial backbone? Think again. In this week’s episode, we’re talking about real businesses — the kind that make money and a difference.In this episode:"Social Enterprises: Doing Good and Making Profit" We explore what social enterprises actually are, how they work, and why they’re reshaping the business world. From CICs and cooperatives to community benefit societies and charities, you’ll learn about the different models and how to choose the one that fits your mission — and your money goals.With decades of experience working with social enterprises, charities, and private companies, I break down the structures, benefits, challenges, and practical steps so you can blend purpose with profit and build something that truly matters.If you’re thinking of starting a social enterprise, working with one, or advising one, this episode is for you.Timestamped Summary:[00:00:00] – What social enterprises really are — and why they matter[00:01:20] – The key difference between a social enterprise and a charity[00:02:59] – Model #1: CIC (Community Interest Company) — features, asset lock, and types[00:04:55] – Model #2: The Cooperative — member-led, democratic, and ethical[00:05:59] – Model #3: Community Benefit Society — funding, tax perks, and local impact[00:06:39] – Model #4: Private company as a social enterprise — does it work?[00:07:24] – Model #5: CIO (Charitable Incorporated Organisation) — benefits and trade-offs[00:08:42] – How to choose the right model: purpose, funding, and long-term goals[00:09:27] – Final thoughts: impact, growth, and doing business for goodLinks Mentioned in this Episode:Book a call for advice on setting up a social enterprise Give this episode a listen and remind yourself: you don’t have to choose between doing good and making money. A social enterprise lets you do both — with purpose, clarity, and impact.If you enjoyed this episode, we’d love it if you could subscribe to the show on Apple Podcasts — and while you’re there, leave us a quick review. It really helps us reach more listeners and keep bringing you useful tips to help grow your business and mission.Let's Plan It, Do It, PROFIT.Mentioned in this episode:TrainingTrainingTrainingFind out more about BudgetwhizzFind out more about BudgetwhizzBudgetwhizz