While nonprofit organizations do the world an immeasurable amount of good, their restrictive structure can prove frustrating for some entrepreneurs. After all in order to stay afloat, many nonprofits depend on the generosity of donors, a source of capital that could suddenly dry up at anytime. That’s why a few startups are combining the social drive of nonprofits with sustainable business models to form benefit corporations, or “B-corps” for short.
On the surface these companies seem like normal firms: they Continue reading
For years socially conscious entrepreneurs have been trying to find ways to help people in third world countries without giving them outright charity. While microfinancers help many ambitious poor people start small businesses, there are many people who are not ready to assume the risk of starting a business. That’s why a new group of activists is focusing their efforts on “impact sourcing” by providing simple but integral work to citizens of impoverished communities.