Social Impact BlogShowing posts by Allen Proctor
I believe there is a case to be made for well-established businesses to view supporting social enterprises as an effective complement to their existing civic engagement.
As everyone prepares for a well-deserved Labor Day weekend break, I am truly grateful for all the remarkably good businesses that intentionally integrate social impact as a non-negotiable component of their business model. They embody the positive virtues of business. In that vein I would like to repeat Ghandi’s Seven Dangers to Human Virtue in hopes they may […]
When we talk with social entrepreneurs, they often say capital is what they most need. Further discussion reveals they most need good advice and feedback. SocialVentures just announced several new ways to get that advice.
Our new website has dozens of new features, including training opportunities and information to connect experts and investors to social enterprises. One especially valuable new service on our website is the Marketplace. At the Marketplace you can search for local social enterprises.
Starting today and continuing through August 15 we will be rolling out the exciting changes to the Center for Social Enterprise Development. Today you are receiving our first blog under our new name, SocialVentures. Our new website www.socialventurescbus.com will go live August 15. There you will see many valuable new features such as the social […]
I am thrilled to announce that Social Ventures Fund, LLC had its first close and has come into formation. It will remain open for new investors for the next 18 months. This is a great opportunity for individuals, family funds, and companies to extend their philanthropy into their investment portfolio.
When this blog launched in 2005, there was a strong need to improve both understanding of and performance by nonprofits to create social impact efficiently and reliably. Over the years the performance of local nonprofits improved immeasurably, particularly in the cultural sector. Still, two recessions and a historically slow economic recovery leaves the financial sustainability of the nonprofit sector fragile.
The elevator pitch is a vivid and transparent way to reveal how well focused is the definition of product and customer. Its value is in revealing to entrepreneurs whether they have done enough work to create a customer / product / attribute / brand focus that warrants the next step of building a business plan.
Impact investing is not a new term, but it has been expropriated by the general investment community as a marketing term that sounds more appealing than ESG and more specific than sustainable investing. This trend is making it more difficult to distinguish investment in companies that are committed to creating social impact, which we call social enterprises.
I welcome the number of efforts to recognize and encourage companies to do good in the community. Many labels are being created, yet it would be a mistake to make qualifying for a particular label the criterion for being considered a good company.