What is a social enterprise?

A social enterprise is a business that exists to solve a social problem using business approaches. Social value is created when a community benefits from the activity.  Social enterprises are different to not-for-profits (NFP) or charities, as they sell goods and services for revenue rather than using donations and grants. However social enterprises exist together with NFPs in the social-purpose …

“Is Umbo a charity?” “No, it’s not. And here’s why…”

We’ve all been there. You’re at a barbecue or a dinner party. You know the host, but not many of the other guests. And then, as inevitable as the going down of the sun, the question arises. “So, what do you do?” For me, answering this question comes with trepidation, not because I’m ashamed of what I do (quite the …

5 reasons why Umbo is a social enterprise

When the three co-founders set up Umbo, we started with a problem in mind – the lack of allied health services in rural communities. We identified that there was a gap in these areas due to market failure. As such, setting up a traditional company seemed illogical. Market failure existed because with limited demand (ie, less people), there was less …