What is impact entrepreneurship?
Impact entrepreneurship is an emerging trend in the business world. It encourages the creation of companies whose main objective is to solve social and/or environmental problems.
It is therefore a new form of business whose main mission is to convey a positive impact on society.
These entrepreneurs are working to develop responses to different problems such as: climate change; poverty ; access to drinking water or even education, for example. All this while offering innovative solutions.
Thus, this entrepreneurship highlights two of the three pillars of CSR, namely an environmental and social aspect. Nevertheless, it is necessary to ensure the economic viability of such actions in order to be sustainable.
The different forms of impact entrepreneurship
These businesses can take many forms:
- Social enterprises that have a clearly defined social purpose.
- Non-profit organizations (associations) whose mission is not to make profits, but to devote their cash to social and/or environmental causes.
- And finally, companies with a mission (like our school, TBS Education), which have a social and/or environmental mission despite a lucrative purpose.
Many advantages
First of all, it makes it possible to propose innovative solutions to urgent social and environmental issues. Moreover, it is also a means of stimulating the economy by creating new jobs and supporting entrepreneurial initiatives.
Finally, it is a means of attracting customers or investments/investors concerned about the social impact, but also the environmental impact of the company in which they invest or consume. Enough to delight the reputation of your company.
To succeed
To do this, you will have to effectively combine social and environmental factors with an economic aspect to ensure good financial health, you can carry out a Business Plan with a Junior-Enterprise to anticipate this kind of glitch, ESCadrille will be delighted to help you. to accompany.
What’s more, ensuring effective communication will allow you to enhance your commitment, all this to help attract your future customers or even investors if necessary.
Why choose Escadrille?
- We can assess your current or future market to help you identify its potential, in particular via a market study or 360° support including a market study and a business plan.
- Develop a strong brand identity by working on your communication .
- ESCadrille also had the honor of receiving the prize for the most responsible Junior-Enterprise in Europe at the start of 2023. This prize was awarded by Junior Enterprises Europe to reward the work and commitment of our structure, which has worked to promote CSR within our ecosystem. This is why ESCadrille has become the first ISO 26000 certified JE in Europe.
Find now our previous articles on entrepreneurship:
- If you want to go deeper into the subject, you can discover our focus right here: Focus on entrepreneurship .
- A tribute to female entrepreneurship .
DARE WITH SQUADRILLE
Are you planning to start your own business, but need a little help?
ESCadrille offers you all its expertise in various fields such as Finance , Communication , CSR or Marketing .