Social Enterprise in Nova Scotia

December 7, 2017 - Tags: Social enterprise

As an entrepreneur, you may sometimes wonder, “what is a social enterprise?” Much like any other type of business, the goal of a social enterprise is to make a profit. The way the profit is distributed is what separates a social enterprise from a non-profit or for-profit business. To be considered a social enterprise, the profit generated from selling a good or service must be reinvested into the business' mission, which typically addresses one or more social, economic, environmental or cultural issues. Could a social enterprise be in your business plans?

With 1,158 social enterprises as of 2014, Nova Scotia has a vibrant sector that contributes to the province's economic growth and social well-being. A sector survey conducted in 2014 shows impressive numbers for the 232 social enterprises that responded: They employed at least 5,630 people, generated some $127 million through the sale of goods and services, and averaged $1.3 million in total revenues.

In April this year, the Government of Nova Scotia formally recognized the economic and community-building value of the sector. It introduced its Framework for Advancing Social Enterprise — a strategy designed to give entrepreneurs the support they need with essentials like business training, access to financing, and awareness building.

The province of Nova Scotia is one of only two Canadian provinces with a law recognizing social enterprise as a business. Introduced in November 2016, this legislation allows any business formed under the Companies Act in Nova Scotia to be designated as a Community Interest Company (CIC) if it combines entrepreneurship with a social purpose.

If you're ready to turn your existing enterprise or new business idea into a tool for the greater good in Nova Scotia, but are not sure where to begin, you could start by investigating the following:

You can also find great resources and tips to help you manage and grow your business on our website under Social enterprises and non-profits, learn about some basics on our Steps to a social enterprise start-up page, or give us a call at 1-888-576-4444.


Comments

Posted by Canada.ca on December 18, 2017
Hello Colleen,

Thank you for contacting Canada Business. We are always happy to help you start or grow your business in Canada. Finding a partner to help develop your idea can depend on a wide range of factors such as the stage of your business, your industry, and your location.

Our information and resources on partnerships provides an overview on the topic and our article Preparing for a partnership highlights the path towards the right match.

Hiring an intern could be a great way for your business to benefit from the knowledge and enthusiasm of a recent graduate while providing valuable on-the-job experience for young job seekers in your community. Read more:
Internships: Where knowledge meets know-how
Hiring an intern: A win-win situation

Try our program search tool to find financing and other programs that can help you hire or train an employee. You can also change the settings on this website to your province or territory to search all of our content by keyword. For example, the National Research Council Canada’s Youth Employment Programs offer financial contributions towards the salary of a post-secondary graduate to help you research, develop and commercialize new technologies, or to hire a youth to work on a green project.

Our networking search tool can help you find opportunities in your area to access business advice, coaching and mentoring services, and networking opportunities, all ways to find potential business partners.

To help you plan your venture, check out our Starting a business page. Our Business start-up checklist can help you with the basics like planning, organizing, registering, and hiring. For additional information on the topic, you may learn from our blog articles that focus on the topic of start-up.

For further information about starting or growing your business in Canada, please contact us for assistance.

Thank you and good luck with your next steps.
Posted by Colleen on December 16, 2017
Im looking for a partner. I have an idea that requires a marketing student or person that wants to make a go of a great idea.
Posted by Canada.ca on December 11, 2017
Bonjour Lamizata,

Nous vous remercions d'avoir communiqué avec Entreprises Canada. Nous sommes une organisation gouvernementale qui aide les entrepreneurs à lancer et faire croître leurs entreprises au Canada.

Pour des renseignements généraux sur les nouveaux marchés, veuillez consulter nos ressources sur les pages Web Exportation et Étude sur les marchés internationaux. Vous pouvez aussi consulter nos articles blogue au sujet des Études de marché.

Pour trouver des acheteurs canadiens pour vos produits, consultez la Base de données sur les importateurs canadiens. Vous y trouvez une liste d'importateurs et le site Web vous permet de faire des recherches par produit.

Vous pouvez également effectuer une recherche pour des partenaires commerciaux potentiels dans la base de données consultable d’entreprises canadiennes, le Réseau des entreprises canadiennes.

Vous pourriez trouver des renseignements et obtenir de l'aide auprès de l'organisation TFO Canada afin d'accéder au marché canadien ou de développer vos capacités commerciales.

Les outils d'analyse de marché qu'offre le Centre de Commerce International (dont Trade Map) pourraient aussi vous aider à trouver des marchés d'exportation pour vos produits, non seulement au Canada, mais ailleurs dans le monde.

Si jamais vous cherchez des renseignements sur le démarrage ou l'expansion d'une entreprise au Canada, veuillez communiquer avec nous.
Posted by Lamizata on December 10, 2017
Je suis exportateurs nous sommes à la recherche de nouveaux marchés nous avons comme produit le beurre de cacao , le beurre de karité et l'arachide
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