Though an early-stage social enterprise should prioritise bootstrapping as its means of financial sustenance, for some, this is not always a viable option. Converting some ideas into businesses can be capital-intensive, particularly those dependent on expensive production, research and development. This is why crowdfunding is becoming the go-to option for so many entrepreneurs, including those launching a social enterprise. Traditionally, …
Michael Pisa, a fellow at the Center for Global Development in Washington, D.C., warns to be cautious about considering blockchain a “silver bullet” to the world’s problems. “This imbalance has led to unrealistic expectations about what blockchain solutions can do, how easy they will be to implement, and how quickly they can scale, if at all. The result has been …
While traditional supply chain management involves minimizing total operating expenses to maximize gross profits, businesses must increasingly invest in ethical supply chains to engage with today’s consumer. With the traditional equation to develop an optimal supply chain, the company or supply chain management organization considers a number of factors including central purchasing (for price savings and product standardization), inventory, risk …
Congratulations. You’ve decided to take matters into your own hands and form a social enterprise. You saw a problem and you have enough insight and tenacity to make an attempt at a solution. Creating a company that works for the betterment of humanity is a noble cause and no small feat. You have the idea, you believe in it, and …
We spend so much time lost in our phones, computers, or other digital screens, yet events are still one of the most powerful communication tools out there. Why do you think people pay thousands upon thousands of dollars to go see the Super Bowl instead of just watching it in the comfort of their own homes without spending a dime? …
In 2013, the fashion industry saw one of the worst tragedies in history – the Rana Plaza complex, a garment factory in Bangladesh collapsed and took the lives of 1,134 garment workers and injured 2,500 more. The factories operating in this building made clothes for well-known international brands. This devastating incident accelerated the rise in a new movement — the …
The world is changing fast, and it can be hard to keep up with all the various technologies being developed at any one time. From agriculture to medicine to energy, advancements are being made every day — and some of them will change the world as we know it. In this post, we’ll focus on technologies with the potential to …
The United Nations Development Programme outlined 17 Sustainable Development Goals (SDGs) that aim to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. And, these goals are interconnected in that tackling one often leads to making progress on another, working to make the right choices to improve life for future generations in a sustainable way. …
When it comes to starting and funding a social enterprise, crowdfunding has become a game changer. It has propelled the innovative business model to new heights, and in turn allowed for thousands of ideas that wouldn’t have otherwise had the opportunity, to become reality. Crowdfunding began as a way for people to finance businesses and projects they believed in. This …
For the longest time, I bought into the “exciting” startup life — colossal valuations, 80–100 hour work weeks with no time for interactions with family or friends, seed rounds, Series A, B, C investments, burnt out founders, no sleep, no time to eat, unnecessary hires, beautiful offices with “incredible team culture”, the same culture that disappears when you’re offered a …