What is the professional/legal term for a business model in which a business is both for profit and non-profit?
+1
I plan to produce a business out of the big vision I've had incubating over the years. A challenge is, the business model seems to be for-profit and non-profit. Does anyone have experience with this type of model to steer me in a direction of a course at Coursera to increase my knowledge? The business is a blend of personal development to meet the needs of adults living with medical issues. I have experience running a non-profit and see that ,y vision for this upcoming business expands the horizon of non-profit.
Hey Tonya,
This kind of business can be categorized as a social enterprise. There are plenty of great examples out there which i'll link at the end of this reply. It stems from a need to build a business that is not simply driven by profit, but also social impact. Many have realized that for the work of not for profits to become sustainable, they need their own income rather than being dependent handouts.
Some examples:
https://thankyou.co/
https://au.whogivesacrap.org/
Hope that helps,
Rashid
This kind of business can be categorized as a social enterprise. There are plenty of great examples out there which i'll link at the end of this reply. It stems from a need to build a business that is not simply driven by profit, but also social impact. Many have realized that for the work of not for profits to become sustainable, they need their own income rather than being dependent handouts.
Some examples:
https://thankyou.co/
https://au.whogivesacrap.org/
Hope that helps,
Rashid
Userlevel 6
+8
Hybrid models or limited liability company, as they are called at few Countries are very common when it comes to social enterprise. For more types of Businesses, you can look at this topic.
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