Open in the App Open in the App Open in the App
Get the key ideas from

The Business of Good

Social Entrepreneurship and the New Bottom Line

By Jason Haber
12-minute read
Audio available
The Business of Good: Social Entrepreneurship and the New Bottom Line by Jason Haber

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.

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

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.

Go Premium and get the best of Blinkist

Upgrade to Premium now and get unlimited access to the Blinkist library. Read or listen to key insights from the world’s best nonfiction.

Upgrade to Premium

What is Blinkist?

The Blinkist app gives you the key ideas from a bestselling nonfiction book in just 15 minutes. Available in bitesize text and audio, the app makes it easier than ever to find time to read.

Discover
3,000+ top
nonfiction titles

Get unlimited access to the most important ideas in business, investing, marketing, psychology, politics, and more. Stay ahead of the curve with recommended reading lists curated by experts.

Join Blinkist to get the key ideas from

The Business of Good

Social Entrepreneurship and the New Bottom Line

By Jason Haber
  • Read in 12 minutes
  • Audio & text available
  • Contains 7 key ideas
The Business of Good: Social Entrepreneurship and the New Bottom Line by Jason Haber
Synopsis

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.

Key idea 1 of 7

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.

Key ideas in this title

No time to
read?

Pssst. Sign up to your secret to success: key ideas from top nonfiction in just 15 minutes.
Created with Sketch.