Social Enterprise’s reinvest a significant portion of their profits back into their social mission, typically at least 50%. This dual focus on making a profit while creating a positive societal impact makes social enterprises stand out. Here’s how a social enterprise differs from other charity models:
- Sustainability: Unlike charities, which often depend on external funding, social enterprises aim to become self-sufficient through the sale of goods or services.
- Business and Social Goals: While charities primarily focus on their social mission, social enterprises balance both social and business objectives, leveraging business principles to drive change.
- Empowerment: Social enterprises often seek to empower the communities they serve by creating jobs, supporting local economies, and providing skills training. This approach helps communities in a sustainable and lasting way.
Why Gotta Love Logan is Uniquely Positioned to Succeed:
- Local Impact Focus: Gotta Love Logan has a deep connection to Logan City, with a mission to uplift the community. They focus on fostering local pride, supporting local businesses, and promoting inclusivity, which resonates with the needs of the area.
- Strong Partnerships: With longstanding partnerships with community members and organisations such as Rotary Browns Plains and Beenleigh & Yatala Chamber of Commerce, Gotta Love Logan already has a strong network to drive their social impact.
- Community-Centric Initiatives: Initiatives like supporting Pickleball, volunteering, organising events, and helping the disadvantaged are directly aligned with improving the well-being of Logan City. These efforts will contribute to increased community pride, participation, and engagement.
- Sustainable Fundraising: By offering membership options that allow businesses to contribute to Corporate Social Responsibility (CSR) initiatives while benefiting from community promotion, Gotta Love Logan ensures financial sustainability for its activities.
Their deep roots in Logan, combined with their innovative approach of blending business with social impact, make Gotta Love Logan poised to be a major player in uplifting and empowering Logan City.