The Business of Good Book Summary - The Business of Good Book explained in key points
Listen to the Intro

The Business of Good summary

Jason Haber

Social Entrepreneurship and the New Bottom Line

4.2 (22 ratings)
15 mins

Brief summary

'The Business of Good' by Jason Haber is a guide on how entrepreneurs can apply their skills to tackle social problems. It showcases successful social ventures and provides practical insights on how to create sustainable enterprises that drive social impact.

Table of Contents

    The Business of Good
    Summary of 6 key ideas

    Audio & text in the Blinkist app
    Key idea 1 of 6

    A social entrepreneur can make money while having a positive impact and growing a business.  

    What do you know about the concept of social entrepreneurship?

    You might question whether such a concept is even possible, as it certainly costs plenty of money to tackle issues such as climate change or poverty.

    Social entrepreneurs seek out investors who are interested in making both a social impact and seeing a return on their investment. Such investments are called impact investments.

    An impact investment differs from a regular investment because the intent behind the investment is rooted in the desire for social change. In other words, the goal of an impact investment is to create a beneficial social impact.

    To measure success, it’s necessary to account for profits, as well as the amount of social good inspired by the investment.

    A survey by the Global Impact Investing Network (GIIN) and JPMorgan Chase found that in 2014, some 146 impact investors invested a total of $10.6 billion in projects.

    According to the report, 91 percent of impact investors experienced returns that met or exceeded expectations and a whopping 98 percent said the social impact of the investment was in line with or exceeded what they expected.

    So from an investor’s perspective, impact investments are effective. When it comes to companies, however, it’s also possible to turn a profit while changing the world for the better.

    Just like an impact investor, a business can make a social impact, too.

    While many companies already have sustainability departments or donate to charity, social entrepreneurship works differently by making the social impact of charity as central to the business as profits.

    The author’s real estate agency, for example, had a social mission. For every deal it closed, a portion of proceeds went to a charity that builds wells in communities without access to clean water.

    Focusing on this social good gave the young company a competitive advantage, and helped it attract new clients. This example proves that it’s possible to make money while addressing social issues.

    Want to see all full key ideas from The Business of Good?

    Key ideas in The Business of Good

    More knowledge in less time
    Read or listen
    Read or listen
    Get the key ideas from nonfiction bestsellers in minutes, not hours.
    Find your next read
    Find your next read
    Get book lists curated by experts and personalized recommendations.
    Shortcasts New
    We’ve teamed up with podcast creators to bring you key insights from podcasts.

    What is The Business of Good about?

    The Business of Good (2016) is your guide to social entrepreneurship and earning a living while making a difference in the world. These blinks explain how communities benefit from this new way of doing business and how you gain, too, in becoming a successful social entrepreneur.

    Best quote from The Business of Good

    I like to define social entrepreneurship broadly as the mechanism by which private sector actors solve public and private sector problems.

    —Jason Haber
    example alt text

    Who should read The Business of Good?

    • Established or aspiring social entrepreneurs
    • Professionals in the field of development
    • People curious about the evolution of capitalism

    About the Author

    Social entrepreneur Jason Haber was the cofounder of real estate agency Rubicon Property in New York, which he sold in 2013. He is also a frequent commentator on CNBC and Fox Business News.

    Categories with The Business of Good

    Book summaries like The Business of Good

    People ❤️ Blinkist 
    Sven O.

    It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.

    Thi Viet Quynh N.

    Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.

    Jonathan A.

    Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.

    Renee D.

    Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.

    People also liked these summaries

    4.7 Stars
    Average ratings on iOS and Google Play
    29 Million
    Downloads on all platforms
    10+ years
    Experience igniting personal growth
    Powerful ideas from top nonfiction

    Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.

    Start your free trial