Many social entrepreneurs have come to believe that having a social mission makes it more difficult to raise money because the vast majority of investors are interested in one thing only—maximizing profits. In our opinion, this is a simplistic and overly negative view. For one thing, while the capital market is preponderantly old-school in terms [...]
Like its cousin “sustainability,” the term “social enterprise” thrives on imprecision. Everyone uses it, no one knows exactly what it means. Not even the experts agree on what a social enterprise is. Especially not the experts!—who regularly fuss over boundary issues like: Must a social enterprise be a for-profit or do non-profits qualify? Must a [...]
Being an entrepreneur, or a social entrepreneur, is like being in a serious romantic relationship. There’s passion, there’s commitment, it’s a roller-coaster ride, and you’ll inevitably face challenges. Fittingly, some of the same rules of the road apply. Keep re-discovering the passion. Babies, bill-paying, taking out the garbage—these things can put the kibosh on romance. [...]