How to Become a B Corp in 5 Steps | All Business

March 28, 2024March 27, 2024 ~ knjohn ~ Leave a comment

Would you like to be the best business in the world or be the best business for the world?

Look closely at the two options. The key differentiators are in italics. A company that wishes to be the best business in the world ultimately does not share the same outlook as the one that wants to be the best for the world. These latter companies use business as a force for good. They are known as B Corporations: purpose-driven corporations that create benefit for all stakeholders.

What’s a B Corporation?

Incorporating as a B Corporation means following a slightly different process than that of forming a limited liability company (LLC) or a general corporation.

Non-Profit Growth Strategies | Business Tips

August 13, 2015 ~ knjohn ~ Leave a comment

Here’s what we know. For profit companies develop a vision, strategic plan, execute it and grow. So why shouldn’t non-profit organizations do the same? At CURE Childhood Cancer, our mission is to fund research that will lead to a cure for children’s cancer in which 16,000 new cases are diagnosed each year. So while we don’t manufacture or service gadgets, our approach for driving up revenue is built on the same business model as a for-profit company, and it works. Over 9 years, we have grown 452% bringing passion and purpose to our goals of dispersing millions of dollars to medical research institutions and running innovative support programs to help patients and families facing the extraordinary challenges of childhood cancer.

Below are the primary ways we have embraced “entrepreneur-thinking” to exponentially grow our non-profit to the next level, getting closer to fulfilling our mission:

Sleeping Bag Coat For The Homeless Draws Fashion Industry Attention | Huffington Post.com

June 3, 2013 ~ lmehit ~ Leave a comment

A coat developed by a social entrepreneur and designed for homeless people is now a somewhat hot item in the high-end fashion world.

Earlier this month, 23-year-old Veronika Scott told PBS News Hour that she had plans to add a for-profit arm to her non-profit company, The Empowerment Plan, which has donated over 1,000 coats to the homeless since launching in late 2010.

Scott’s foray into the private market comes after she debuted the coats at last year’s Aspen Fashion Week to much fanfare, helping her land a $100,000 investment from the billionaire founder of Spanx, Sara Blakely.