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Posts tagged social enterprise

More pay-what-you-want Paneras coming

The Panera nonprofit restaurant model appears to be succeeding in its first month of operations. 

From the article: “Its cashiers tell customers their orders’ ‘suggested’ price based on the menu. About 60 to 70 percent pay in full.  About 15 percent leave a little more and another 15 percent pay less, or nothing at all.   A handful have left big donations, like $20 for a cup of coffee.”

You can now watch The New Recruits online! 

This new PBS documentary follows the journey of three business students chosen to participate in the Acumen Fund Fellows Program, which sends social entrepreneurs to work with Acumen-funded social enterprises in Kenya, India, and Pakistan.  Start watching right now!

The Way I Work: Blake Mycoskie of Toms Shoes

Some really fantastic nuggets in this article. 

One of my favorites: “When I’m traveling, I usually send one e-mail a week to the whole staff. I try to stay connected to everyone through letters. Some people call them little manifestoes. I’m a very open person, so I really tell the staff what I’m struggling with and what I’m happy about. I tell them what I think the future of Toms is. I want them to understand what I’m thinking. It’s like I’m writing to a best friend.”

The New Recruits is a documentary about a battalion of jet-setting business students armed with a radical plan to end global poverty: charge poor people for goods and services. Click image above to learn more, check your local listings, or get the DVD!

The New Recruits is a documentary about a battalion of jet-setting business students armed with a radical plan to end global poverty: charge poor people for goods and services. Click image above to learn more, check your local listings, or get the DVD!

Which Nonprofit Will Win the Readers’ Choice Literacy Grant?

The good folks at Better World Books are funding not one, but two $20,000 grants to benefit meaningful literacy projects.  You get to pick one of the winners, and their literacy committee picks the other!

Read the grant proposal summaries and vote for your favorite!

Some 26 per cent of social enterprises could be described as ‘women-led’, almost twice as many as for small businesses for which the figure was 14 per cent.

Obama gives big boost to global rating system for social enterprises

Good stuff. Global Impact Investing Rating System (GIIRS) begins pilot testing.

When a social enterprise shows that a product can be produced using fair-trade policies or with less environmental impact, for example, it pushes businesses and consumers to expect new standards in the marketplace.
Raj Kumar, President, Devex in “Social enterprise: It takes a network

Could You Live One Day Without Shoes?

That’s the challenge that TOMS Shoes is asking you (or your community, your campus, your organization) to take on April 8.  Watch the video below to see why others took on the challenge last year, and why even more are taking it on this year.

I still have to figure out if the hotel where I’ll be at for a conference on April 8 has a “No Shoes, No Service” policy, but whether or not I can participate, I really like what TOMS is doing here.  I like it for the same reason I like Movember, the charity that raises money for men’s health by asking supporters to “grow, flow and show” their mustaches in the month of November.

In both cases, regular people transform themselves into walking billboards.  It’s not that going shoeless or growing a mustache makes a positive change—these things don’t have the same impact as volunteering, for example.  But what they do is start a conversation, and create an opportunity to raise awareness and educate among your peers.

So when someone asks, “Why aren’t you wearing shoes?”, you’ll be ready with the following facts:

  • In some developing nations, children must walk for miles to school, clean water and to seek medical help.
  • Cuts and sores on feet can lead to serious infection.
  • Often, children cannot attend school barefoot.
  • In Ethiopia, approximately one million people are suffering from Podoconiosis, a debilitating and disfiguring disease caused by walking barefoot in volcanic soil.
  • Podoconiosis is 100% preventable with basic foot hygiene and wearing shoes.

In a way, though, TOMS doesn’t even need this event to turn its customers into billboards.  The shoes themselves accomplish this by being so unlike any other product on the market that people often stop to comment on them.  If they’re not already, these facts should be plastered on the inside of the shoe box so that any time the shoe conversation comes, the wearer is prepared to educate.

Giving Gifts Just Got a Whole Lot Better

If your family is like mine, they’re thinking twice about the gifts they’re giving this holiday season.  Maybe they’re giving fewer gifts.  Maybe cheaper gifts.  Maybe gifts with a socially conscious twist.

I’ve given TOMS Shoes as birthday presents before, and I have to say, they make everyone feel good in the end.  And if you watch this video of one of their shoe drops, you’ll see why.  TOMS makes you believe that small actions can result in big change.

Most people assume “Tom” is the founder, but alas, the founder’s name is Blake.  The truth is that “TOMS Shoes” stands for “Tomorrow’s Shoes”.   It’s a fitting name, as TOMS is nothing if not a company looking toward the future.

When Secretary Hillary Rodham Clinton recently honored TOMS Shoes with the Annual Corporate Excellence Award, she said:

“I want to thank Blake, John, Brad for reminding us that American businesses can do much more than sell goods and services. They can bring hope and optimism to communities abroad. They can inspire others to take risks to become entrepreneurs and grow their own businesses. They can really give people the sense that the private sector can make a difference, a lasting sustainable difference, and they can do well as well as doing good.”

If there’s a silver lining to the economic downturn, it’s that many of us are becoming more aware of our financial choices.  So when we choose a product, we want our investment to go farther—either it has to last longer or it has to make the world better.

We’re not always going to find these kinds of gifts for the holidays, but it sure is fun trying.