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Maximizes Social Impact

supportSome entrepreneurs explicitly make social impact the centerpiece of their business models. Thus, these social enterprise businesses (SEBs) directly address social needs through their products or services, or through the numbers of disadvantaged people they employ.

Note that SAGE believes that, in order for an SEB to be sustainable, it is imperative that they have an earned revenue strategy, rather than rely primarily (or totally) on “patron saints” who believe in the SEB’s mission. Examples of such patron saints include corporate donations, foundation donations, philanthropist contributions or government grants. These patron saints pledge their financial resources to keep the SEB running as a going concern. However, once the funding runs out, the SEB goes out of business.