Seedkit has been designed for use for small-to-medium Australian based social enterprises. In the Australian context, there is no legal structure called 'social enterprise'. As such, we use these below questions for you to self-determine if your enterprise will be broadly defined as a social enterprise:
* Is the primary objective of your enterprise to create public or community benefit - addressing a social, environmental, cultural or economic problem?
* Does your enterprise derive a substantial portion (most) of operating income from selling goods or services (or intends to if the enterprise is less than 5 years old)?
* Does your enterprise reinvest the majority of its profit or surplus in meeting its social purpose?
If you answered 'yes' to all of these three questions, then your enterprise will be broadly defined as a social enterprise. If you answered 'no' to any of these questions, your enterprise may not be a social enterprise. If you were unsure how to answer these questions, we suggest you take some time to complete The Social Enterprise Fundamentals program provided for free by the Social Start-up Studio. Seedkit is available for you to use regardless of how you answer these questions.
- Is the primary objective of your enterprise to create public or community benefit - addressing a social, environmental, cultural or economic problem?
- Does your enterprise derive a substantial portion (most) of operating income from selling goods or services (or intends to if the enterprise is less than 5 years old)?
- Does your enterprise reinvest the majority of its profit or surplus in meeting its social purpose?
If you answered 'yes' to all of these three questions, then your enterprise will be broadly defined as a social enterprise. If you answered 'no' to any of these questions, your enterprise may not be a social enterprise. If you were unsure how to answer these questions, we suggest you take some time to complete The Social Enterprise Fundamentals program provided for free by the Social Start-up Studio. Seedkit is available for you to use regardless of how you answer these questions.