About Social Entrepreneurship

Social entrepreneurship has exploded with the turn of the 21st century. At its most basic, the term refers to applying the principles of entrepreneurship to advancing a social cause, good, or solution — a company or organization that is run with its mission placed above profits. That doesn’t mean it is non-profit (though it can be) nor that it doesn’t make much money; it simply means that profits are not the primary goal.

This can include any of the following types of organizational structures (examples in parentheses):

Incidentally, “B Corp” is often confused with “benefit corporation” and sometimes erroneously used synonymously. B Corp is not a legal structure, but rather it’s a certification by the nonprofit B Lab that for-profit companies that can earn by meeting rigorous standards of social and environmental performance, accountability, and transparency.