social business model

A social business model focuses on creating positive social or environmental impact while operating like a traditional business. Unlike for-profit companies that prioritize maximizing shareholder returns, social businesses aim to address issues such as poverty, health, or sustainability. They generate income through sales of goods or services, and the profits are reinvested into the mission rather than distributed to owners. This approach ensures financial sustainability while achieving social goals, aligning business success with societal benefit. It’s a way to do good while staying economically viable, fostering solutions that are both impactful and sustainable.