NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Kahu

Nicola Patrick: How do we escape the profit trap?

By Nicola Patrick
Columnist·Whanganui Chronicle·
14 Sep, 2018 04:00 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

From left:Taaniko Nordstrom, Linzee West- Hayward and Vienna Nordstrom.

From left:Taaniko Nordstrom, Linzee West- Hayward and Vienna Nordstrom.

It's nearly a year since I was in Christchurch, along with 1600 others, attending the ninth Social Enterprise World Forum and the first one to be hosted by New Zealand.

As Rachel Rose pointed out in her column last week, social enterprise is a progressive model of business that offers multiple benefits.

It often starts locally, with grassroots solutions to market failures, whether that be the retirement of our sole Whanganui cobbler or challenges in affordable healthy housing for all.

Chair of the Social Enterprise World Forum board David Le Page is in Scotland at the 10th forum happening right now.

His quote from Twitter colourfully explains it: "Social enterprise is not lipstick on a pig or CSR [corporate social responsibility] in pretty wrapping paper ... it's how we create social well-being, it's how we create community capital."

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

But social enterprise isn't necessarily new, even if the language may be unfamiliar.
This model is extremely common in indigenous communities and a strong theme in Maori business.

It's only in more recent times our drive to return a profit to shareholders has become the dominant force in decision-making.

Anna Guenther, founder of PledgeMe, said this week: "My hot take is that social enterprise is any enterprise that focusses on having a positive social or environmental impact, has (or aims to have) revenue from trading, and doesn't maximise profit at the expense of people/the planet."

Advertisement
Advertise with NZME.

It makes me wonder why all business can't aim for that? How do we get out of the trap? What are the alternative models that are fairer at sharing the profits?

David Le Page again: "We are trying to change the marketplace, so if we aren't ruffling feathers then I would seriously question what we are doing".

Scotland's been actively working on its growing social enterprise sector for the past decade.

It undertakes a national census of social enterprise – they have 5600 social enterprises employing 81,357 fulltime equivalents with 72 per cent paying living wage or more, and generating 3.8 billion pounds of annual income.

Discover more

New Zealand

Mattresses on floors and staff assaulted at mental health unit

12 Sep 05:00 PM
New Zealand|crime

Police appeal for witnesses following assault

11 Sep 11:05 PM
Freight and logistics

Rachel Rose: Whanganui shop sells to the world online

06 Oct 12:00 AM
Environment

Nicola Patrick: What adds up to wellbeing? Another way of measuring society's success

12 Oct 09:30 PM

Of these, 64 per cent are led by women with 34 per cent operating in rural locations (compared with 18 per cent of the Scottish population being rural).

Another quote from the forum, this time from David Duke who founded Street Soccer Scotland.

"Social enterprise is about impact, equality, purpose and hope — hope that we can make our world more equal for everyone."

Street Soccer delivers football-themed training and personal development for social disadvantaged people.

We don't have to look overseas for examples, though.

One of the dynamic speakers from the Thrive Expo we hosted in Whanganui in February was Taaniko Nordstrom of Soldiers Rd Portraits. Their concept is celebrating identity through vintage portraits, dressing customers in Maori, Pasifika and Native American and First Nations regalia.

Advertisement
Advertise with NZME.

But it's not cultural appropriation – it's built on whakawhanaungatanga, relationships and connections.

Soldiers Rd is also working with Waikeria Prison in a pilot to reduce reoffending by helping prisoners reconnect with their culture and reflect on their lives, past, present and future. It's a powerful experience.

A new one I've recently come across is The Happy Cow Company. Based in Canterbury, founder Glen Herud is producing milk in glass, reusable bottles.

Yes — the milk of my youth is back. But it's not without challenge.

This is Herud's second crack at a business model doing dairy differently. He's looking for people who will follow less intensive farming practices and keep calves with their mums for the first year, to supply quality milk locally.

In the Far North, ĀKAU is an architecture and design studio with a difference.

Advertisement
Advertise with NZME.

They engage youth in their work directly to create solutions that represent and connect with their communities. delivering commercial projects and having a charitable foundation which does community projects.

Another one is reducing waste and helping vulnerable people around the world. Take My Hands has helped more than 110,000 people through reusing and redistributing prosthetics and medical equipment overseas.

There is much need and many ways to meet it.

Thrive Whanganui is gearing up for the next phase to help grow social enterprise. Get in touch if you'd like to be part of the momentum to grow business with heart.

*Nicola Patrick is a Horizons regional councillor, works for Te Kaahui o Rauru, and is part of a new social enterprise hub, Thrive Whanganui. A mother of two boys, she has a science degree and is a Green Party member

Save

    Share this article

Latest from Kahu

Politics

Government will not agree to Treaty settlements that dispute Crown's sovereignty

17 Jun 02:57 AM
New Zealand

Why Te Arawa's marae relay is becoming a community staple

17 Jun 01:24 AM
Travel

Why exploring NZ's rich Māori heritage is a must-do

16 Jun 08:00 PM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Kahu

Government will not agree to Treaty settlements that dispute Crown's sovereignty

Government will not agree to Treaty settlements that dispute Crown's sovereignty

17 Jun 02:57 AM

Former minister Andrew Little says the Government's stance is unnecessary.

Why Te Arawa's marae relay is becoming a community staple

Why Te Arawa's marae relay is becoming a community staple

17 Jun 01:24 AM
Why exploring NZ's rich Māori heritage is a must-do

Why exploring NZ's rich Māori heritage is a must-do

16 Jun 08:00 PM
Premium
Big venues, big money: The young golf champ hitting the Australian PGA tour

Big venues, big money: The young golf champ hitting the Australian PGA tour

16 Jun 05:00 PM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP