Bernhard Schroeder, Director at the Lavin Entrepreneurship Center, San Diego State University, shares four mission-driven for-profit companies that are changing the social entrepreneurship landscape.
Schroeder adds that there are already for-profit businesses that view financial success as a way to create more and better good.
Mission-driven companies have multiple options on how to structure their organization. But some organizations are already looking at the pros of the for-profit model and the cons of nonprofit structure. Learning from the pros and cons make straight for-profit the best approach to create a long-lasting impact.
Also, for-profit social enterprises are being reinforced by impact investing, where people wanting to do good with their money is not through charity but through investing in companies that provide a return both in profit and in mission-driven results.
The four companies listed include Solo Eyewear, Patagoniaa: Tin Shed Ventures, Terra Cycle, and Indosole. Schroeder urges his readers to create a company, take the profits, and do good – if people want to make a difference in the world.