This new business model, evolving without borders, becomes a hybrid of commercial, governmental and social organizations. Advertising Continue reading below The not-for-profit model, based on grants and charities, is evolving into a business model focused on social entrepreneurship, where young upstarts strive to tackle major social issues around the world while generating benefits for the company's stakeholders. Musk is just one example among many. You don't need a net worth of $12.3 billion to make a positive change in the world, as evidenced by some of the following social entrepreneurs and their organizations.
Yoga Girl img3 You wouldn't expect a lot of yoga to come, but that's what fueled Rachel Brathen's start. Her bestselling book hair masking service Yoga Girl (with an Instagram account of the same name) in The New York Times has helped her reach millions. She uses the web, including an online channel, OneoEight.tv, to offer health, yoga and meditation services. She hopes to connect teachers with people in the community who need healing. This is where Rachel Brathen asked the biggest question. “What if social networks could become a social mission?” As a result, she launched 109 World, a socially conscious website that aims to address pressing global issues such as food insecurity, water pollution and gender inequality.
Trust img4 For 10 years, Marc Koska has worked to redesign medical tools and introduce inexpensive single-use syringes to underfunded clinics around the world. By redesigning a simple medical tool, Koska's organization, Safepoint Trust, has been able to provide 4 billion safe injections in 40 countries with its revolutionary self-disabling syringes. Advertising Continue reading below Because of the new product and its impact on global health issues over the past decade, the Schwab Foundation named him Social Entrepreneur of the Year in 2015. 3. Better World Books In 2002, a Notre Dame trio tutored members of the football team while collecting junk books to sell on the Internet for extra money.