Time for Business | Chapter 16: Types of Enterprise

SEI

Social Entrepreneurs Ireland. This is a not-for-profit organisation that helps social entrepreneurs by providing financial and practical support.

The role of social enterprises in society

1. Tackling social problems.

2. Providing services that are not provided by the government.

3. Providing employment.

4. Providing finance, i.e. SEI and Clann Credo provide finance for other social enterprises.

5. Encouraging an enterprise culture and motivating others to set up a business.

The role played by cultural enterprises in society

1. Promoting arts and culture, e.g. music, sports and literature.

2. Creating employment.

3. Supporting the local economy by promoting tourism and running festivals.

4. Providing entertainment which will have a positive impact on people's lives and wellbeing.

Arts Council of Ireland

This is a government organisation responsible for the arts. They work with artists to promote and support arts in Irish life.

Culture Ireland

This organisation is responsible for promoting Irish arts worldwide. It gives Irish artists and companies the opportunity to showcase their work internationally.

Financial enterprise

This is a business which is set up to make a profit by selling products or services.

Shareholders

The owners of a company who are entitled to a share of its profits.

The role of financial enterprises in society

1. Providing goods and services.

2. Creating employment.

3. Paying taxation to the government.

4. Some provide finance and loans to others.

5. Contributing to economic growth.

Support for financial enterprise comes from these organisations

1. Local Enterprise Offices

2. Enterprise Ireland

LEO (Local Enterprise Offices)

These are located around the country and they offer support to businesses in the form of financial advice, mentoring and advisory and training courses.

Enterprise Ireland

A government organisation that helps Irish start-up enterprises that have the potential to create employment to export their goods and services. They provide financial support, research and development and export assistance services.

Social enterprise

A business that puts the community and people first instead of private or personal gain. People who set up social enterprises are known as social entrepreneurs. They like to try and fix social economic and environment issues.

Examples of social enterprises

1. Coder Dojo

2. Meals on Wheels

3. Food Cloud

Cultural enterprise

Refers to a business that operates in the creative or cultural sector, such as the arts, media, music and entertainment industries. It provides consumers with access to visual arts, theatre, film, music, radio festival and events. These businesses rely on creativity, innovation and cultural knowledge to develop and market their products or services. For example, Cultural Night in Dublin, IFI, Electric Picnic, Rose of Tralee.

Examples of cultural enterprises

1. Abbey Theatre

2. Electric Picnic

3. National Galley of Ireland

Support for cultural enterprise Include

1. Arts Council of Ireland

2. Cultural Ireland

Local organisations

These operate in a local area, e.g. local community groups, local newsagents or shops.

National organisations

These operate or have branches all over the country, e.g. FAI, Dunnes Stores.

Global organisations

There are very large and have operations all over the world, e.g. McDonalds, Coca Cola, the Red Cross.