Cut the Waist: a social enterprise
Cut the Waist operates as a social enterprise. Social enterprises are businesses with primarily social or health objectives whose surpluses are principally reinvested in the furtherance of those objectives.
Social enterprises are not driven by the need to maximise profit for shareholders and owners.
They are part of a movement of organisations that tackle a wide range of social and environmental issues and operate in all parts of the economy that use business solutions to achieve public good.
Successful social enterprises can play an important role in helping to show new ways to deliver public services.
The best known example of a social enterprise is perhaps The Big Issue. Another successful social enterprise working within the health sector is "Exchange Supplies".