As we prepared for the founding of our own social enterprise, we began researching how companies function who provide social services. What challenges and difficulties are they facing? The experiences of other social entrepreneurs have helped us find our own enterprise strategy.
Besides the legal foundations, we were interested in the frameworks for social enterprises in Germany. What has to be considered when founding an enterprise? How are social enterprises funded? What are the obstacles for innovation?
The results turned out to be fascinating, so we expanded our research to a qualitative analysis for social innovations in Germany. We wanted to provide this study to future social entrepreneurs so they can avoid the mistakes we once made at the beginning.
One of the most important findings was, that besides your social enterprise, it is beneficial to create a subsidiary company rise in order to co-finance your own. This strategy has been successful for many social enterprises. Why? The legal frameworks in Germany do not allow social and commercial activities under the same roof. That is why we pursued a duel strategy right from the beginning.
Our objectives: Education, Health, and Development
With “BIGENT Bildung, Gesundheit, Entwicklung UG (limited liability)”, we founded our own social enterprise.
Just like many social entrepreneurs, we decided to generate an additional income over commercial activities to be independent from donations and funds.
Search and Help
We started our own Internet search engine as a pilot project under:
The advertising revenue from this search engine shall support BIGENT UG to finance its projects. When you use this search engine, you can help us directly with your browser or the provided tools (APPs and Browser plugins) to help others. It is free – you just need to follow the provided instructions.
Social Entrepreneurship: Forerunner for social innovations
We summarized the findings of our study in a book, so other future social enterprises can benefit from the experiences of many successful founders.
How can the world be more socially responsible? What needs to be changed in the economy to end hunger and suffering on this planet? These questions are directed to all of us and many leaders of big companies want to answer them. Not all of them are social enterprises, but to work against the big trends of our future, we need to think about the economy together.
What areas are social entrepreneurs committed to? The concepts of microcredit and microfinance of Nobel Peace Price recipient Mohammed Yunus inspired people worldwide to reduce poverty and create paying jobs. According to his example, many have tried to find economic methods to find solutions for the severe issues of our time.
Jutta Schwengsbier, the author of the book: “Sozialunternehmen – Innovationsmotoren in Deutschland” tries to answer the most important questions for the founding of different types of enterprises and introduces successful models as well as innovative concepts in detail.