5 Inspiring Examples of Social Entrepreneurship That Will Make You Want to Take Action
Social entrepreneurship is not a new concept, but it has become increasingly popular in recent years as we face pressing social and environmental challenges. Social entrepreneurs are people who use business models to create positive social or environmental impact while generating financial returns. In this article, we will explore 5 inspiring examples of social entrepreneurship that will make you want to take action.
1. TOMS Shoes
TOMS Shoes is perhaps one of the most well-known examples of social entrepreneurship. It was founded by Blake Mycoskie in 2006, with the mission to provide shoes to children in need. For every pair of shoes purchased, TOMS donates a pair to a child in need. This one-for-one model became hugely successful, and the company has since expanded to provide clean water, sight-saving surgeries, and safe births to communities in need.
2. Warby Parker
Warby Parker is an eyewear company that was founded in 2010 with the mission to provide affordable, high-quality eyewear to people in need. For every pair of glasses sold, Warby Parker donates a pair to someone in need. To date, the company has distributed over 7 million pairs of glasses to people in need around the world.
3. Patagonia
Patagonia is an outdoor clothing and gear company that has been a leader in sustainable business practices for several years. The company has a strong commitment to environmental sustainability, and it has set a goal to be carbon neutral by 2025. In addition, Patagonia has pledged to donate 1% of its sales to environmental organizations.
4. Bombas
Bombas is a sock company that was founded in 2013 with the mission to donate a pair of socks to someone in need for every pair of socks sold. The company’s founders learned that socks are the most requested item in homeless shelters, and they wanted to do something to help. Bombas has since donated over 45 million pairs of socks to people in need.
5. The Empowerment Plan
The Empowerment Plan is a nonprofit organization that creates innovative products to help homeless individuals. Its signature product is a coat that can transform into a sleeping bag or an over-the-shoulder bag. The Empowerment Plan hires homeless women from local shelters to help manufacture the coats, providing them with training and employment opportunities. Since its founding in 2012, the organization has distributed thousands of coats to people in need.
Conclusion
These 5 inspiring examples of social entrepreneurship demonstrate the power of business to create positive social and environmental impact. By using innovative business models, these companies are not only making a difference in the world, but they are also achieving financial success. If you are looking for ways to make a difference in the world, consider supporting these and other social enterprises that are making a difference.
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