In a recent survey, the Business Development Bank of Canada (BDC) asked social entrepreneurs what they thought the biggest challenges were. The results indicated that social entrepreneurs in Canada found selling to businesses, the government, and the public to be the easiest. However, they also noted that they could learn from the experiences of other industries. A study from the BDC, which is owned by the Canadian government, reveals that the social purpose business industry is particularly vulnerable to sex discrimination. Click here – Marc Kielburger
The Advanced Guide To Social Entreprenuers In Canada
In the United Kingdom, a government-backed social enterprise has the advantage of being governed by a government-appointed board and is, therefore, free from political interference. In Canada, however, social enterprises are not subject to the same regulations as for-profit businesses. They must have a clear strategy, such as a revolving door to apply for grants. But, in the UK, a government-funded SDG-compliant foundation is a crucial source of funding and advice.
According to the study, the accessibility of capital for social enterprises in Canada is best in the UK. There is no single social enterprise model that can be applied across the globe. This is why it is essential to develop a comprehensive policy framework that will enable social entrepreneurs to thrive. The study also recommends a strong policy framework to foster the growth of social enterprises in Canada. A federal government-backed social enterprise program will be recognized as an innovation in strengthening the community’s capability to address challenges.