SIMILARITIES

Whether it’s a charity or a social enterprise, the main goal is to complete a social mission, and to make a positive difference to the world. Both charities and social enterprises tend to reinvest their profits into good things that benefit a part of society, or society as a whole. For both types of organisation, sustainability is paramount. In order to continue doing good, the business must operate efficiently and effectively.

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DIFFERENCES

Whilst charities often fund their good work through donations and fundraising, social enterprises often sell products or services, in order to reinvest their profits.