Social Businesses

Social businesses are enterprises that prioritize social objectives alongside financial goals. Unlike traditional businesses, their primary aim is not profit maximization but rather addressing social issues. Profits are typically reinvested into the business or community to further their mission.

Social entrepreneurs, on the other hand, are individuals who identify societal problems and use entrepreneurial principles to create innovative solutions. They are driven by a mission to effect positive change and often operate in sectors like education, healthcare, and environmental sustainability.

Social impact refers to the measurable outcomes of activities or initiatives that contribute to the well-being of communities or the environment. It encompasses the tangible and intangible effects that result from the efforts of social entrepreneurs and businesses, ultimately aiming to create a more equitable and sustainable world.