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23 people think this is good

  • Ariel Neidermeier
  • Jelena Woehr
  • Cat George
  • Sabah Baxamoosa
  • Grace Kim
  • Michael Ross
  • Maria Carkagis
  • Paul Jarvis

23 people think this is good

  • Ariel Neidermeier
  • Jelena Woehr
  • Cat George
  • Sabah Baxamoosa
  • Grace Kim
  • Michael Ross
  • Maria Carkagis
  • Paul Jarvis

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  • Arielle Egozi

    Sarah - excellently articulated and communicated. As someone just graduated from university with a degree in Peace and Justice Studies and Entrepreneurial Leadership, I've spent the last four years delving deep into both sides of the table. My wish now is to experience and eventually create the merging of the two, but "social venture" just doesn't seem to do it anymore. Every shoe, cosmetic, and eyewear brand has a "social" component now - which is wonderful - however the unveiling of many of these as scams proves that the market is simply moving in that direction, and not all of these businesses use civic mindedness at their core. @Ben Goldhirsh and @Sarah McKinney - yes absolutely the B Corp seems to be the new shift, and I do hope they keep the integrity they've created for themselves and not be the next "organic" label.

  • Paul Jarvis

    I've personally never liked any word in front of "entrepreneur". I rarely even call myself that, I just make and do things instead :)

    • Sarah McKinney

      Haha ...I like that, though I think I just recently nailed consistently spelling that word right so it would be a shame to walk away now:)

  • Priya Prakash

    Woot! @Ben Goldhirsh "Indeed. I agree that B-Corps are the most fundamental response. It's an exciting time in this space."

    Have stopped calling ourselves social X, Y. Z. Better to focus on customer, product, UX, sustainable biz model. The rest will follow. I take inspiration from Frugal tech and Bop Biz from Asia.

    How a biz channels profits to the collective better good doesn't have to compromise on its product, biz model or quality, i.e it doesn't need a moniker.

    Its about scale and meeting a customer demand with a great product in a win/win way without having to be be subsidised through a govt/institutional funding.

  • Ben Goldhirsh

    Sarah. Loved reading this. Is the core of this that in being an entrepreneur, you are intrinsically adding value to the world, and in turn are a de facto social entrepreneur? I always have a hard time discussing what businesses fit the category of social ventures and which don't. Was ebay a social venture? Flattening the market was as big a deal as any. If you do take out the "social" descriptor, how do you differentiate yourself from solely profit focused businesses that might not be aligned with social benefit if regulations aren't dictating such?

    • Sarah McKinney

      Thanks Ben! Glad you enjoyed, and yes exactly, where do you draw that line? eBay has created many small businesses, and it also taps into the sharing economy which reduces consumption - but it's not typically thought of as a social enterprise. I've heard it argued that the differentiator comes down to mission statements, but what about values and employee treatment? The B-Corp certification is the best way I've seen to assess impact and hold accountability, as it's really holistic. But this topic is complex, and could easily become a much longer conversation:)

      • Ben Goldhirsh

        Indeed. I agree that B-Corps are the most fundamental response. It's an exciting time in this space.

        • Mindy Nguyen

          Great article Sarah! As someone who is interested in the social enterprise space and want to become a "social entrepreneur" myself, your 3 and 1/2 tips are good points to keep in mind.