There used to be a time where the majority of investors only cared about money. To them, a profitable business was a good business, but in today’s globally conscious world, money is not the only thing that matters. Investors want to see that a business in not only profitable, be also caring towards the world around them.
A great example of a company which is for-profit but also has a social purpose is Tom’s Shoes. In 2006, when Blake Mycoskie, traveller and entrepreneur, visited Argentina, he realized that many children had no shoes which resulted in them being very susceptible to various diseases. Being aware of this fact, Mycoskie founded Tom’s Shoes which had a goal of giving away a pair of shoes away for every pair of shoes which the company sold. This was labelled as the One for One Movement.
I admire Blake and his success at being a social entrepreneur. In today’s society where the rich are becoming richer and the poor are becoming poorer, those who are living in prosperity should give back to those who are less fortunate. It is surely the right thing to do.