Social enterprises

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How Social enterprises are rethinking their business models during Covid-19

Lockdowns across the world. Social distancing, isolation and quarantine commonplace. What does that mean for social enterprises that usually work directly with vulnerable people and rely on face-to-face communication? We spoke to social entrepreneurs in the UK, Turkey and South Africa to find out how they're taking on the challenge. Over the past few weeks,

Businesses for good debate solutions online as Skoll forum goes virtual

Finding solutions to the coronavirus outbreak was top of the agenda as businesses for good met on Tuesday for one of the key annual global conferences on social enterprise but there was a difference this year - it was a virtual event. Organizers of the Skoll World Forum, that is usually held in Oxford in

Coronavirus Pandemic, Stock Market Crash And The World Of Impact

What do the Coronavirus pandemic and the stock market plunge mean for social enterprises and impact investors? Not Only for Profit is talking to a variety of key players for their insights. First up is Jimmy Chen, the founder of 28-employee, New York City-based Propel. Why Chen? Low-income workers employed in service industries are likely to be among

Social enterprises help out with coronavirus across Asia

Handing out soap to street cleaners in Hong Kong might sound like piecemeal work in the battle against coronavirus. But with schools and offices shut in the Chinese-ruled city and across Asia, social enterprises — businesses that seek to do good while making a profit — are rushing to tackle problems from a shortage of face

Food for Good Thought Thriving While Creating Social Change

Glance above the counter at the Clintonville bakery Food for Good Thought, and it’s right there, printed in red. In 2018, the bakery’s customers tipped $653. These above-and-beyond incremental dollars provided more than 70 hours of paid employment to the individuals with disabilities, whose pictures hang on the opposite wall. But those numbers are now

The Powerful Legacy Of Leila Janah, Social Entrepreneur And Giver Of Work

The first time I saw Leila Janah speak was at the Social Good Summit in 2015. I remember being blown away by the vision and success of her company, Samasource. She was intelligent, articulate, passionate and determined to have a positive impact on the lives of others, all qualities I deeply admire. Her untimely passing at the age

New Moms kindles bright futures

While browsing the candle section at Whole Foods, pick up a Bright Endeavors candle and flip it over. On the bottom label of each candle is the name of the young mother who made it. Bright Endeavors, the New Moms 16-week paid job training program, provides young mothers in need with the skills necessary to

From medicine to recycling, 6 African start-ups doing business for good in 2019

As Africa tunes into the burgeoning movement of business for good, young people across the continent are finding innovative solutions to problems from illiteracy to pollution. There are no figures for how many social enterprises have been started across the continent, but the sector is growing with the emergence of tech hubs and accelerators even

How Buying Social Is Changing The World

At the Houses of Parliament in London earlier this year, SAP Executive Board member Adaire Fox-Martin (pictured above) appealed to an audience of the United Kingdom’s leading social-enterprise CEOs and corporate executives to come even closer together to find “a better way to grow.” Together with Chair Lord Victor Adebowale and CEO Peter Holbrook, Adaire

Research shows people want public services delivered by social enterprises

New research conducted by YouGov shows people trust social enterprises more than private enterprises to deliver outsourced public services and believe they do so with more expertise, efficiency and value for money. The findings demonstrate the public want to see a better model to deliver services, and would prefer local authorities to contract with purpose-driven

Wow!: 10 Social Enterprises That Are Helping Refugees

From virtual banking to flower arranging, businesses seeking to help refugees are multiplying as the number of people forced from their homes around the world grows. There are now 25.9 million refugees globally, according to the United Nations, and some have found innovative ways to earn a living while helping their adopted communities or others

Social enterprises need a business brain

The idea of running a business that has a strong social mission, is launched from a solid ethical platform, and proudly commits to reinvest profits for the greater good is an attractive proposition. But is it a model for a sustainable business? You can’t actually add social value if you don’t have a sustainable business

The Power Of Purpose: What Every 2020 Candidate Should Know About Nonprofits And Social Enterprises

One of the most experienced leaders in the non-profit and social enterprise world, Robert Egger is an outspoken voice in leading the transformation of these fields. In this interview, he advances some provocative thoughts on how the non-profit and social enterprise worlds should marshal their resources and treat their unique scale and influence like for-profit businesses do–and

Reimagining the Economy: The Social Justice Enterprise

The belief that you can “do good while doing well” has entered the mainstream. Evidence of the trend ranges from the popularity of certifications like B Corp and the institutionalization of social enterprise as an academic field to the popular appetite for critiques of the concept—like that of Anand Giridharadas, in his best-selling book Winners Take

Looking beyond the profits, corporations with a social conscience wonder how to measure success

Social businesses trying to solve a diverse range of problems, from homelessness to gender inequality, the refugee crisis to plastic pollution, often share the same conundrum — how to measure success. In an era of greater transparency, consumers and investors increasingly expect companies to look beyond profits and report their environmental and social impact. For

4 Ways Socially Responsible Companies Can Balance Impact and Revenue

Is social impact important to consumers? The data shows that the answer to this question is a resounding “Yes!” According to a 2018 Human Capital Trends Survey conducted by Deloitte, 86 percent of millennials think that business success should be determined by more than just a company’s financial outlook. Also, according to the 2018 Edelman Trust Barometer,

How Do We Create A More Diverse Community Of Social Entrepreneurs

Social enterprises are businesses which trade for a social purpose that reinvest or donate over half their profits to further this social or environmental mission. They are an increasingly important part of the U.K. economy contributing £60 billion ($77 billion) and employing 2 million people. Estimates are there are 100,000 in the U.K.. SEUK’s State of Social Enterprise

One in 20 UK workers part of ‘hidden revolution’ to reform capitalism

One in 20 British workers - or 2 million people - have jobs with firms that seek to do good while also earning a profit, research showed on Wednesday, dubbing it a “hidden revolution”. Social enterprises also contribute 60 billion pounds ($79 billion) to the world’s fifth largest economy - 150 percent higher than the