Social Impact BlogShowing posts in Critical Success Factors
Pearl Interactive Network operates, staffs, or manages call centers for Federal agencies and prime contractors. It gives hiring priority to skilled and talented disabled veterans, veterans, military spouses, and the disabled. When Merry Korn founded Pearl Interactive network in 2004 as a for-profit social enterprise, the concept of basing a for-profit business on the creation […]
Two recent studies highlight the generational gap which social entrepreneurs face. Demand for social enterprises’ goods and services is concentrated in the millennial generation while the capital to build their businesses is concentrated in the baby boom generation.
In 2009, Sean Black and Marvin Green came together while working for a home health care business, whose client base comprised of individuals with developmental disabilities. Within this community behavioral issues can be common, with medications often being the go-to solution to manage clients’ behavior. Green noticed shortcomings one of his clients was experiencing due […]
Aslyne Rodriguez and Jerry Tsai recently launched EmpowerBus, a social enterprise that is addressing the income gap in Central Ohio by providing reliable, on-time transportation for unskilled workers in the Morse Road corridor to the employers outside the beltway who are having difficulty finding enough reliable employees. They call it “creating corridors to employment and […]
Claire Coder is a remarkable entrepreneur: She launched her second startup at age 19, has relied heavily on social media and reality TV to build awareness of her product, and is on the cutting edge of a movement shared with a national foundation founded by local entrepreneur Nancy Kramer. Aunt Flow, whose tagline is “Helping […]
Double Comfort Restaurant was a popular spot in the Short North for great southern comfort food and a great drink. Founded in 2014 as a social enterprise, its Buy a Meal, Give a Meal® concept provided over 95,000 meals through local food pantries before it closed in Spring 2017. Social entrepreneur and founder Mary Lyski […]
The judges for our recent social enterprise awards program were drawn to those social enterprises that excelled in the transparency and public representation of their social impact. This facet of their work merits recognition because too many social enterprises tell a very weak story about their social impact or fail to tell the impact story at all.
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.
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.