A video on how our work with our partner SAP is helping Haitian entrepreneurs transform Haiti… Youtube link: Haiti: Sustainable Help
What is Social Business?
A SB is a non-dividend company created to solve a social problem. Like an NGO, it has a social mission, but like a business, it generates its own revenues to cover its costs. While investors may recoup their investment, all further profits are reinvested into the same or other social businessesA Social business is a cause-driven business. It must be financially sustainable and mission-oriented. The company must achieve its social objective and at the same time cover all costs through a revenue model. The success of the business is not measured by the amount of profit made in a given period, but the impact of the business on people or the environment. Investments in social businesses purely support the accomplishment of a social objective, and an investor should desire no financial gain. In fact, in a social business, investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. Examples of social objectives are: healthcare for the poor, housing for the poor, financial services for the poor, nutrition for malnourished children, safe drinking water, renewable energy, etc. Real-life examples of social businesses can be found here. In short, Social businesses are non-loss, non-dividend companies created to solve social or environmental problems.
Video | Yunus Social Business and SAP in Haiti
Saskia Our CEO in ‘The Wired Smart List 2013′
Our CEO Saskia Bruysten has been nominated by Prof. Muhammad Yunus onto 'The Wired Smart List 2013' as one of 50 of the world's
The Power of Social Business – A report co-authored by BCG and Yunus Social Businness
Boston Consulting Group recently published a report on 'The Power of Social Business' which we co-authored with them. It was