How a Business Can Change the World
By Pamela Chaloult on May 6, 2011 - 1:50pmA special report on the innovative business models social entrepreneurs are inventing
From the May 2011 issue of Inc. magazine
By Inc. staff
Start a company. Change the world.
It used to be that if you wanted to make a difference, you joined a nonprofit. And if you wanted to make money, you launched a business. These days, it's not so simple. More nonprofits are being run like fast-growth start-ups. And more traditional companies are being built around social missions.
In this great write up in Inc. Magazine's May 2011 issue, they shine a light on this new universe of social entrepreneurship. First, they meet Fred Keller, the founder of Cascade Engineering, a $250 million Michigan plastics manufacturer, who recently turned his business into a B Corporation, the highest standard for socially responsible businesses. Then they investigate five more business models—and meet the entrepreneurs who have adopted them.
Click here to read the whole article on Inc Magazine's website.
Social Entrepreneur Profiles:
The Case for More (Not Less) Regulation
As the founder and CEO of a West Michigan plastics manufacturer employing a thousand people, Fred Keller lives by rules. There are those he must follow, passed down by big-letter entities such as OSHA, the DOL, and the EPA. There are others—like ISO, the voluntary international certification of quality management—that he and other manufacturers follow. And there are still others that a much smaller but growing group of companies heeds—LEED green-building standards and B Corporation guidelines of social and environmental responsibility. Read More
How Dave Eggers Is Making Learning Fun
Dave Eggers and Ninive Calegari, the co-founders of 826 National, thought they had found the perfect spot for their drop-in writing center. There was just one problem: The storefront space on Valencia Street in San Francisco's Mission District was zoned exclusively for retail. So Eggers, the celebrated writer, and Calegari, a veteran public-school teacher, got creative. They opened their tutoring center—inside a pirate supply store. Read More
An Eye Bank Bets on Best Practices
SightLife, a Seattle-based nonprofit eye bank that extracts corneas from organ donors and distributes them to transplant centers around the world, is one of the largest such facilities in the U.S., with 96 employees and more than $14 million in annual revenue. It supplies nearly 5,000 corneas for transplant a year. But it wasn't always that way. Read More
Finding Jobs for Ex-offenders
Brenda Palms Barber, Chicago's Queen of Second Chances, is dedicated to finding jobs for former prison inmates. But when the nonprofit she runs couldn't overcome employers' resistance to bringing on ex-offenders, she spun out a business so she could hire them herself. Read More
The Benefits of Going Organic
Here's one way to explain sticker shock in the organic produce aisle. Consumer demand for organic products has grown at a double-digit rate every year for more than a decade, according to the United States Department of Agriculture. And the portion of U.S. farmland that is certified organic: 0.6 percent. Read More
How EcoScraps Turns Trash Into Treasure
Magleby's Fresh, a Provo, Utah, restaurant, is famous among students at Brigham Young University for its all-you-can-eat breakfast buffet. It was there in 2009 that Dan Blake first took notice of the staggering amount of food that ended up in the restaurant's garbage cans. Then a junior studying English and business at BYU, Blake began pondering the business opportunities. If your cost of raw materials was nothing, he thought, that would make for fantastic margins. Read More
Read the full article online at: http://www.inc.com/magazine/20110501/how-a-business-can-change-the-world.html