The Best of Social Impact: Must-Read Articles of the Month (May 2020)
Social impact, entrepreneurship, and innovation - if it's interesting news, you'll find it here. These stories may not be the ones on the top of your news feed, but chances are they're the ones you'll actually want to read. Whether it's opinions on creating positive social change - or simply the valuable lessons learned along the way, here's a round-up of the past month's most interesting articles.
Social innovators and social entrepreneurs have been working to solve market failures and demonstrate more sustainable models to build inclusive economies for years. The work of social entrepreneurs is even more critical during the COVID-19 pandemic, as they reach those who the market and governments are unable to account for.
In the first installment of this three-part series explores the what and the how of social enterprise business models and what it will take to pivot to survive in a post-COVID world.
Starting a social enterprise comes with a unique opportunity to experience multiple facets of challenges, and wins. Each time, it's a learning opportunity too. All of this is magnified in the current climate, so what does it take to build a successful social enterprise that drives real change?
Even under the best conditions, leading a social enterprise can be challenging. Every path is unique and these challenging times have taught all of us that there's no one way to do things, but there are some lessons that will come in hand over and over again.
Building a more sustainable future makes more sense now than ever. Entrepreneurs who are strategic now will be more likely to survive the crisis and anything else that comes along in the future. Businesses all over the world have turned to either support social enterprises or integrate social impact into their operations. So, why should businesses adopt social responsibility, and is it possible to transform into social enterprises?
Tom Dawkins, CEO at StartSomeGood, shares how online events are bringing learning opportunities across borders and stitching our world together a little closer so that we can make a bigger difference, together.
Small businesses need the community's support now, more than ever. Lockdown Local is just one collective making it easier for Aussies to source their pandemic supplies from sustainable businesses.
THE NEW BREED is a documentary that follows the rise of a new type of business person - The Social Entrpreneur. The film follows three millennials as they launch their businesses to tackle social and environmental issues, documenting the ups and downs of the process.
How do some social startups get funding and others don't? Is it all just a game of chance or is there a tried and tested way that savvy entrepreneurs are privy to? These are some of the most effective ways to persuade your dream angel investors for buying into your social enterprise.
Much of the current appetite for impact investment is in comparatively 'de-risked' and 'ready' propositions. Finding ways to catalyse emergent opportunities was intrinsic to the original purpose of the impact investing movement and it must not be lost in the noise! If impact really is a common goal, how should that change the supply/demand relationship?
Many social enterprises have changed business models, taken on new customers and segments, made changes to their product and service offerings, turned to alternate funding streams and begun collaborating with new organisations and individuals. Just like Australian social enterprises are unique and varied, so too have been their responses to COVID-19.
Humanity is in the spotlight as a result of the COVID-19 pandemic and more organisations than ever are looking to increase their social impact. Social enterprises now hold the key to the future of business.
As restrictions begin to ease, ever so slowly, many businesses - social enterprises included - are examining the fall out. The COVID-19 Crisis, like the others that have come before it, is undoubtedly going to play a pivotal role in the social sector and our actions moving forward. Take a look at the ways that the social sector is changing as a result.
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