If you are a reader of this blog, you’ve probably heard a lot about social enterprise, social business, social entrepreneurship, corporate social responsibility, B-corporations, triple bottom lines…the list goes on. And if you’ve heard about all this, you might be left with the impression that these trends are vibrant and rapidly growing. You might sense at this point that a ‘But’ is coming, and you’d be right. For all the buzz about new business models for social change, the fact of the matter is that the successful enterprises in this space are few and far between and that it remains exceedingly difficult to start and grow them.
I know, because Capital Good Fund is one such social enterprise (that’s the jargon I prefer to use to refer to us), and I’ve seen firsthand all the barriers to growth. Let’s cover some of these barriers: