Author: Ling Wong

3 Social Enterprise Startup Examples to Get You Inspired for Change

While the traditional model used by non-profit organizations for providing aid and donating items to populations in need helps alleviate short-term social issues caused by poverty, it often fails to address the root cause of the problems. Since there’s no economic incentive baked into the process, aid and donations don’t provide the opportunity for communities to generate income, reinvest back into the local economy, and create a virtuous cycle of self-sustainability. A new generation of social entrepreneurs is innovating how we empower underserved populations. Their for-profit social enterprises deliver a “multiple bottom line” solution that creates both profit and...

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How to Get Your Impact Startup Off The Ground: Lessons From Combat Flip Flops

Is it possible to change the world one pair of flip-flops at a time? You bet! Donald Lee and Matthew Griff, founders of Combat Flip Flops, not only built a successful retail business but also help underserved communities all over the world by empowering them economically with employment opportunities. As social entrepreneurs, Lee and Griff created a business model that drives “multiple bottom lines” – profits, social change, and sustainable economic growth. How did the company come about, what unique challenges did they face, and what’s their secret for success? The Multi-Million-Dollar Business Idea Similar to many social enterprises...

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How To Choose a Social Enterprise Idea That Will Fire Up Your Life

If starting a for-profit social venture seems quite daunting, you’re not alone. That’s why it is our mission to keep giving you inspiration. How to choose a social enterprise idea that will fire up your life? Read here to figure this out and get solving the world’s problems through business! There are many aspects to consider. Not only your business idea needs to be commercially viable but it also has to deliver a meaningful social impact that’s sustainable. Most successful social ventures are grounded in the founders’ visions, have a memorable brand story built on their missions, and are...

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11 Impact Business Models New Entrepreneurs Need to Know About! [Update 2018]

If you have a desire to work with underserved communities and promote sustainability along the way, starting a social business will give you the opportunity to get involved with the people you want to serve at a grassroots level. What are the unique challenges of starting a social enterprise? That’s a good question. Is it like other kinds of businesses? Or more like a non-profit? What makes starting a social good business that much more difficult than a typical for-profit business model? That’s what we are examining today. Can you make a living and change the world? It’s becoming...

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The Beginner’s Guide to Starting a Social Business

As a consumer, you have probably heard of or engaged with brands with a social mission. And if you’re pondering about starting a business, you may wonder if incorporating a social mission is right for you. There’s no better time than now to start a social business, as consumers increasingly desire to be associated with brands that are ethical: 56% of US consumers have stopped buying from companies that are unethical. 63% of consumers feel that ethical issues are becoming more important. 58% of consumers revealed that buying ethically produced products makes them feel good. However, it’s not always...

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