The traditional model for best business ideas is to focus only on the making and growing of money. But there is another option for budding entrepreneurs that will give you a chance to make good money while honouring your non-profit values. It’s known as social enterprise and it has quickly become one of the most important sources of innovation and economic growth. Here are some ideas to get you inspired.
One option for social entrepreneurs is to consider supporting local producers by connecting their goods with urban consumers looking for quality products. Gourmetfoodsvancouver.ca is an an online business that delivers boxes filled with gourmet goodies—innovatively packaged using popcorn—that supports local food artisans who have sustainable, fair trade and eco-friendly practices. The site furthers the cause by blogging about local farms or artisans and citing best practices on food security or growing organic.
Recycling is a huge global concern and there are many fun and innovative ways to create a new business. One example is the enormous number of books that are printed and thrown away all over the world. What began as one student’s venture to sell stacks of text books turned into a best idea for creating a profitable business from selling discarded books while also saving the planet and generating revenues for literacy.
Cause Related Marketing:
The key ingredients to building a successful business are passion, drive and a commitment to the social problem you want to address. The best social enterprises are ones that inspire you to achieve while accomplishing socially responsible tasks. For example, the founder of TOMS Shoes, Black Mycoskie, was impassioned to build a company that would match every pair of shoes purchased with a gift of shoes to a child in need.
Revitalise a Community Care Facility:
Helping Hand Aged Care is an Australian business that is looking to converge computers, televisions and game consoles in an effort to re-imagine aged care facilities. The impact could be far reaching in altering how residents are best able to communicate their needs using digital technology that will increase their mobility, expand their entertainment options and extend their bond with residents, families and care givers working in the facility.
Support Arts and Craft
Hand made arts and crafts have a long tradition in many cultures, but don’t often have the financial resources or savvy to compete with large retail companies. Ten Thousand Villages has worked globally to build an ethically driven company that sells handicrafts made by artisans from developing countries through its network of stores and annual festivals. The company brings awareness to the traditional crafts in each of the countries as well as paying fair prices.
As you can see, the possibilities for successful social enterprises are endless, so be inspired. Come up with your own list of best business ideas and build a successful company that thrives on making the world a better place.