"People, then mission, then money."
In this excellent piece, +Gideon Rosenblatt underscores an important distinction for building a viable social enterprise with a mission of doing some good:
"Priorities matter. In this case, the fundamental assumption is that people truly are the heart of a business and that the most important thing you can do is invest in the people who are most critical to creating value for your organization. Investments in employees, customers, suppliers and other critical stakeholders create capacity that will keep your business delivering on its mission and generating strong earnings for a long time."
Reshared post from +Gideon Rosenblatt
Yesterday I was digging into the origins of corporations and, while doing that, ran across an interesting list of the world's oldest, still running businesses. It's fascinating. The vast majority are niche businesses, that, I guess you'd say by mere virtue of the fact that they're still around are probably practicing some of these regenerative principles outlined in this piece on regenerative business.
There are an estimated 5,600 companies worldwide that are more than 200 years old. More than half are Japanese. There are 58 of these companies that are more than 700 years old. Of these, 23 made or distributed alcohol. Hmmm…maybe alcohol is regenerative?
What is Regenerative Business? – The Vital Edge by Gideon Rosenblatt
Regenerative business creates strategies designed around stakeholders and social impact – and they are the future of business.