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Can social entrepreneurs make money and do good at the same time?

social-entrepreneurship-hand-globe

This article was published in the 29-May-2014 issue of Finweek Magazine

When you hear the words “social entrepreneur”, what image comes to mind? For many of us, it’s the founder of a non-profit organisation (NPO) trying to do good but each month battling to raise enough money to cover their costs, relying on volunteers and unable to pay anyone a salary, including themselves. These untenable organisations hang on precariously from month to month. However, social entrepreneurship doesn’t have to be unprofitable or unsustainable. Author Thomas L. Friedman summed it up brilliantly when he said that social entrepreneurs should  “combine a business school brain with a social worker’s heart.” We unpack some of the misconceptions in this space and speak to two inspiring social entrepreneurs who are running impactful businesses sustainably. Continue reading

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