Both make a profit selling books, but they also invest as much as 50 percent of their profits into literacy programs and building libraries in places like Bolivia. These socially minded businesses are selling a positive product, employing people, and doing great works of philanthropy. By doing all three, they’re helping entire communities prosper while also generating tax revenue that supports the public safety net.
Social Entrepreneurship is a great deal more than a for-profit business supporting non-profit work. Social Entrepreneurs tackle societal problems with the zeal and innovation of the old capitalist tycoon. For example, instead of finding a way to get six billion thirsty people around the world to buy a coke they invent creative ways to eradicate hunger and earn a profit.
Take Away: Social Entrepreneurs tackle societal problems with the zeal and innovation of the old capitalist tycoon.