Many of those who manage non-profits will tell you that it seems that they spend more time raising money than actually working toward their cause of choice. The competition for donations and gifts seems to get tighter every year. And so-called donor fatigue seems to be becoming almost epidemic.
That is why more social ventures are moving toward business models that are self-sustainable without reliance on the generosity of benefactors. Many don’t even bother to set up non-profits due to their complexity and legal limitations. They are known as social ventures, social for-profits, or social businesses.
More evidence of this can be found in an article published at the Sam Davidson for passing this along).
Dr Jeff Cornwall
Co-founder of The Entrepreneurial Mind, serial entrepreneur and professor of entrepreneurship.
This article is exactly what I needed, I didn’t realize there was a name for what my husband and I are doing.
Thank you so very much! Mahalo nui loa.
It’s about time! As a consumer, I don’t always go out of my way to donate money to causes. It’s not that I couldn’t, or that I don’t want to, it’s just that I don’t think of it very often. I tend to focus on items I need to purchase.
That said, if I needed something and had the choice to spend a little more at a business whose profits went to a good cause, I wouldn’t hesitate to pay more for the good or service.