Angela Qin's Blog

Home for the Games is an organization created for the Vancouver 2010 Olympics.It can be classified as a social enterprise as it’s main goal is to provide housing for visitors during the Olympic games. The charitable part of it? “Hosts offered affordable accommodation,and shared half the revenue with charities fighting homelessness in the host region.” By the end of the games they were able to raise “$50,000 for Covenant House Vancouver and the Streetohome Foundation.”

There are usually three types of company

1) Profit-maximizing

2) Charity

3) Social Enterprise

The last one is a combination of the first two.

The difference between social enterprise and profit-maximizing firms is that the former usually takes the profit and reinvests it into the business. They cannot be publicly traded and have a social conscience at the core of its operations.

This startup benefits many different individuals.

Visitors: Finding an affordable place to stay during the olympics when housing is in extremely high demand

Hosts : Share the experience with a guest. Earn a tax donation receipt for the 50% donated to charity

Owner: A sense of accomplishment that he started a business that has social values. (Social enterprise)

Society: Receives a donation from this organization.

Following the success of the 2010 games, this organization is moving forward to the 2012 games to be held in London.