Making social impact part of your core business can be a competitive differentiator and profit driver. Don’t ignore the evolving ecosystem of impact investment, social capital, startups and CSR. Prioritizing social good has real business benefits.
Clearly define your social impact goals. Think about how to execute them in ways that will expand or improve your business model. Consider partnering with a relevant nonprofit and encourage employees to pursue skills-based volunteer opportunities.
Any startup – regardless of industry – can make positive contributions to their communities. Many groups provide valuable support to startups committed to embedding social impact into their business models.