B Corp As A Competitive Edge?

An office lobby with a lady behind the counter

Last week, I attended a celebration for B corps in Colorado. These are for-profit companies certified by a nonprofit called B Lab for achieving social and environmental goals along with business ones. What I noticed differently from other discussions among B Corps in the past, was a stronger focus not only on this vibrant community of like-minded business people — there are now more than 1000 B corps in the US, including Patagonia, Etsy, and Seventh Generation, and dozens in Colorado, including New Belgium Brewing, GoLite, and Teatulia.

I also noticed folks talking about the B corp community as an economic network. Continue reading “B Corp As A Competitive Edge?”

SE and the Privilege Economy

A-business-man-addressing-colleagues-in-a-meeting

Recently I was struck by a comment from the St Louis County Police Department, that in predominately black communities such as Ferguson, the police practice a “zero tolerance” policy. So if you’re pulled over for almost anything, and they do that fairly often in these communities, and you have an outstanding warrant or even a traffic violation, they arrest you on the spot. This doesn’t happen in primarily white communities. Not surprisingly, black residents see this as racial profiling. (Source: NPR, Zero-Tolerance Policing is Not Racism, Say St Louis-Area Cops)
Continue reading “SE and the Privilege Economy”

“Best” Books on Impact Investing

a-hand-holding-a-book

One measure that impact investing is gaining more traction is the growing collection of books written about that topic. Most of them focus on international investing, but now there are some that address domestic programs as well.

My favorite book on this topic is Impact Investing: Transforming How We Make Money While Making A Difference, by Jed Emerson and Antony Bugg-Levine. That said, here’s a very useful compilation of favorites from Ashtin Jones to read and keep handy on your bookshelf:

“Status of the Social Impact Investing Market: A Primer”

By Dr. Maximilian Martin (Impact Economy, June 2013, 13 pages)

“From Ideas to Practice, Pilots to Strategy: Practical Solutions and Actionable Insights on How to Do Impact Investing”
By Michael Drexler & Abigail Noble (World Economic Forum, December 2013, 60 pages)

“Evolution of an Impact Portfolio: From Implementation to Results”
B
y Justina Lai, Will Morgan, Joshua Newman, Raul Pomares (Sonen Capital, October 2013, 70 pages)

“Impact Investing 2.0: The Way Forward”
By Pacific Community Ventures, Impact Assets, and Duke’s Center for the Advancement of Social Entrepreneurship (41 pages)

“Priming the Pump: The Case for a Sector-Based Approach to Impact Investing”
By Matt Bannick and Paula Goldman (Omidyar Network, September 2012, 27 pages)

“From Blueprint to Scale: The Case for Philanthropy in Impact Investing”
By Harvey Koh, Ashish Karamchandani and Robert Katz (Monitor, April 2012, 64 pages)

Good luck!

Women Entrepreneurs Bring Unique Strengths

A female entrepreneur laughing in her office

The corporate “glass ceiling” prevents many women from advancing above a certain level in Corporate America. For example, men hold the top position in 98% of Fortune 500 companies. So increasing numbers of ambitious female entrepreneurs have opted to increase their influence and impact by running their own company.

And in so doing, they bring unique strengths that deliver new vitality to their companies and to the world. One of those strengths is deep emotional commitment to their communities.

glass ceiling

A recent report entitled Forget the Glass Ceiling: Build Your Business Without One, commissioned by Dell, identified four specific ways that women bring new value (and values) to the marketplace:

1. Social Responsibility is Built Into Their DNA

2. Giving and Volunteering Benefits Both Nonprofits and Your Business

3. Women Help Other Women Achieve

4. Business is More Than Just Making Profits to Women.

My observation has been that women entrepreneurs bring longer-term sustainability to their companies, and in time I believe there will be data to support that observation.

Good luck!

Business Plans vs. Strategic Plans

Businesswoman holding documents in an office

There is often a great deal of confusion about the difference between business plans and strategic plans. And, frankly, they are similar in many ways, and since each plan has to be tailored to the organization it is prepared for, one can easily blur into the other. In both cases, you begin with internal and external research (often called a “scan”) to get clarity on the best direction for the organization and where its best opportunities are to obtain the funds it needs to succeed. Continue reading “Business Plans vs. Strategic Plans”

14 Insightful Social Entrepreneur Ideas

A-lady-smiling-while-passing-a-file-in-her-office.

Here a few inspiring social enterprise ideas discussed at the recent national Social Venture Network conference. (Source: Forbes article by Devin Thorpe)

1. Be Political. While 92% of Americans favor disclosure of genetically engineered ingredients in their food, objections from the powerful food industry are so strong that only through collective advocacy will this change. Continue reading “14 Insightful Social Entrepreneur Ideas”

Mindfulness as a Competitive Strategy

Mindfulness

One emerging trend we’re noticing in our work is the number of companies using meditation and mindfulness practices to increase individual and group productivity, improve well-being and health, and reduce stress in the business environment.

Moreover, recent neuroscience research demonstrates at the brain’s molecular level that meditation and mindfulness, even if practiced for just 20 minutes per day, can have dramatic effects on brain function as measured by brain scans and brain function testing. Continue reading “Mindfulness as a Competitive Strategy”