Social enterprises are usually defined as businesses that re-invest their profits or surpluses to achieve social goals. A new study of 2,121 companies by economics consultancy Delta Economics and market researchers IFF Research reveals that one fifth ? or 21 per cent ? of Britain’s entrepreneurs are running ?hidden social enterprises. These businesses, for-profit companies with a social or environmental consideration, are usually smaller businesses, the research found, with nearly all of them having a sub-?200,000 annual turnover. ?Hidden social enterprises have wealth and value creation potential that is similar to mainstream businesses ? there is no need to compromise growth or profitability for the sake of doing something to make a difference,? says Dr Rebecca Harding, MD of Delta Economics. ?Entrepreneurs really are the world’s changing agents.? We’re big fans of social entrepreneurs. There is no reason why a business can be both profitable and good for society. Delta’s research supports this, showing that “making society a better place” is a goal that many entrepreneurs strive for. Surely that can’t be a bad thing?
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