Full access to Entrepreneur for $5
Subscribe

9 Social Impact Models That Entrepreneurs Can Learn From

Positive social change is an important component of a strong business.

By
Opinions expressed by Entrepreneur contributors are their own.

As a company leader, I try to positively impact my community whenever possible. Whether its youth programs, gender equity, career coaching, or anti-violence, we (Complete SET agency) create educational themed events as well as donate portions of revenue to social change. Cause models like this, whether grassroots or multinational, are increasingly important for businesses, large and small, to have at their operational core. Ensuring that your business is creating a positive impact is a necessary competitive advantage. In fact, a 2018 Conecomm survey found that 78 percent of Americans now expect companies to go beyond profits and to also positively impact society. Social impact is a broad term that refers to the positive change businesses have on their community. A company's emphasis on a level of corporate social responsibility, or CSR, can be an integral part of making your business more appealing to clients, employees, vendors, and investors.

SDI Productions | Getty Images

Related: Why Philanthropy Is Good Business

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!