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SOCIAL ENTREPRENEUR COMPANY
What Distinguishes a Social Entrepreneurship Business from other Retail Businesses?
Are you familiar with TOMS? In the early 2000’s Blake, the founder, was visiting Argentina. While there he discovered many children were not in school. The reason why they were not in school was simply because they did not own a pair of shoes. He decided to do something about this.
He returned to the states and started a for-profit business called TOMS. The deal was whenever someone bought a pair of shoes the business donated a pair of shoes to these children so that they could now receive an education. How cool is that?!
He took something we all do — buy shoes — and turned it into a way to support a need at the same time. This is called a Social Entrepreneur business — taking a social need and, using a for-profit business, work hard to help resolve the crisis.
The late actor Paul Newman started his business, Newman’s Own Salad Dressing to support his favourite charities. So it is neat to know that buying this food is not only great on my salad, by buying it I am helping someone else.
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