The role of social enterprises in reaching the bottom of the pyramid and helping close the inequality gap has been receiving increased prominence through the years.
Since the start of the year, social enterprise has been broached as one solution to a better future for Haiti, as a way to strengthen South Korea’s position in the international development community, and a means to address poverty and inequality in South Asia.
And with increased attention on the power of social enterprise comes increased interest, especially from the more socially aware entrepreneurs, to set up their own social enterprises.
In the United Kingdom alone, the number of social businesses has grown over twelvefold from 5,000 to about 62,000 in a span of half a decade. This growth, according to Social Enterprise U.K. chief executive Peter Holbrook, is mainly due to three things: social responsibility, public accountability and necessary adaptability.