• Home
    • About Us
    • Contact Us
    • Privacy Policy
    • Disclaimer
    • Advertise With Us
  • Business
  • Education
  • Technology
  • Gaming
  • Computing
  • Lifestyle
  • Health
  • Internet
Facebook Twitter Instagram
Tech Feast
  • Home
    • About Us
    • Contact Us
    • Privacy Policy
    • Disclaimer
    • Advertise With Us
  • Business
  • Education
  • Technology
  • Gaming
  • Computing
  • Lifestyle
  • Health
  • Internet
Facebook Twitter Instagram
Tech Feast
Home»Business»Social Entrepreneurship: How Executives like Brian Paes-Braga Committed to Finding Solutions to Global Issues

Social Entrepreneurship: How Executives like Brian Paes-Braga Committed to Finding Solutions to Global Issues

HarrisonBy HarrisonMay 20, 2023 Business
Facebook Twitter Pinterest Tumblr Email Reddit WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit WhatsApp

Social entrepreneurship is a term that’s been part of the business landscape for a number of years. At its essence it means developing, funding or implementing solutions to social, cultural or environmental issues.

Today, it’s all around us. For example, when a shoe company donates a pair of shoes for every pair sold, or a corporation joins with other like-minded partners to launch an initiative that addresses an existing need.

Social Entrepreneurship

While virtually all entrepreneurs start companies in order to generate revenue, many of the leaders of those companies actively look for ways to use their marketplace position and that revenue to support people, communities and even countries that can use their help.

“Having social impact built into your business model allows you to live your life on purpose,” says Melissa Levick, owner of Honeycomb, a social impact SaaS platform that facilitates connections between businesses and philanthropic efforts.

“It’s about connecting your brand’s why with how it can be used authentically to serve the world. It’s not a gimmick or a marketing tool. It’s a genuine mechanism to solve social problems while feeling connected to a higher purpose.”

Looking out for others has always been a personal mission for Canadian entrepreneur and philanthropist Brian Paes-Braga who currently operates as the principal and head of merchant banking at SAF Group.

In 2015 he founded Lithium X Energy, a lithium resource company that provided the essential element for batteries, then sold the company two years later.

Today, in addition to his work at SAF and involvement in other business ventures, he helps lead the Quiet Cove Foundation, a foundation he founded that supports the development of large-scale solutions to social issues.

He also sits on the board of directors for DeepGreen, a supplier of environmentally friendly battery grade metals sourced from polymetallic nodules from the ocean floor.

“It’s exciting to be involved with companies and organizations that are doing well and giving back simultaneously,” he says.

“If we’re going to be responsible leaders in our companies, we also have to be responsible leaders in our communities. This includes both our fellow human beings and the environment, and it’s our duty to give whatever we can to make the world a better place.”

For some entrepreneurs, social entrepreneurship is the business model. Rags2Riches, a for-profit enterprise in the Philippines, was established by Reese Fernandez-Ruiz.

It creates what she refers to as eco-ethical fashion and home accessories, products made from recycled scrap cloth, organic materials and indigenous fabrics by artisans who live in poor communities across the country.

“Rags2Riches, Inc. was created to provide these artisans with fair access to the market and the formal economy,” says Fernandez-Ruiz, “as well as with additional skills-based, financial, and health training so they can maximize their career potential and take steps towards long-term financial and personal well-being.”

She also notes that Rags2Riches has trained numerous artisans across the Metro Manila area. “When we started,” she says, “the term social enterprise was not yet that known or popular. But fashion was absolutely booming.

It took a while for us to bridge social enterprise and fashion and carve out a strong niche market. We are considered one of the pioneers of artisan-centric, eco-fashion in our country and in Asia.”

Everyone agrees that social entrepreneurship is an important part of running a company. Experts also advise that these types of projects be run like a company.

Gautam Sen Gupta, co-founder of the GRAS Academy and past president of the Dubai chapter of  The Indus Entrepreneurs (TiE), writes that social entrepreneurs should apply business techniques to ensure that such initiatives are operated efficiently, and that they meet financial needs and expenses, including salaries. “But the overriding driving force,” he adds “has to be passion with a societal focus.”

“There are a lot of aspects that require thinking like a typical businessperson. As entrepreneurs understand and work with the problems and their vision for solving them, they will discover new avenues, new challenges and it is important to evolve the business to ensure that they stay with their vision to make it work and achieve the goals set out.”

Brian Paes-Braga Global Issues Social Entrepreneurship
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit WhatsApp
Previous ArticleA Day In the Life Of A Day Trader
Next Article 5 Tips of Using Roblox Game Efficiently
Harrison
  • Website

Harrison is a Professional Blogger and Computer Geeks. Apart from Blogging, he is a fun loving person. His areas of Interest are Computers, Web Designing, Photography and WordPress.

Related Posts

The Pros And Cons Of Expanding A Business

June 6, 2023

Why Should Your Business Take the Chatbots Advantage

June 5, 2023

A Guide to Understand IT Support In Albuquerque

June 1, 2023

5 Tips to Find Best Retail Software for Small Business

June 1, 2023

The Top Things To Consider When Hiring An IT Consulting Company

May 28, 2023

Is Your Business Vulnerable to Cyber-Attacks?

May 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Categories
  • Aadhaar Card
  • Adventure & Outdoor
  • Android
  • App Development
  • Apple
  • Area Codes
  • Automobile
  • Blogging
  • Business
  • Chemistry
  • Computing
  • Cryptocurrency
  • Designing
  • Ecommerce
  • Education
  • Electronics
  • Entertainment
  • Event Planning
  • Fashion and Style
  • Food & Recipes
  • Gadgets
  • Gaming
  • Health
  • Holidays
  • Home & Kitchen
  • Home Decor
  • Home Improvement
  • How to
  • Industry
  • Infographic
  • Insurance
  • Internet
  • Internet Marketing
  • iOS
  • iPhone
  • Jobs & Careers
  • Law
  • Legal
  • Lifestyle
  • Make Money
  • Mobile Apps
  • Mobiles
  • Outsourcing
  • Parenting
  • People & Relationships
  • Personal Finance
  • Pets and Animals
  • Photography
  • Politics
  • Programming
  • Quotes
  • Real Estate
  • Science & Environment
  • Security
  • SEO
  • Shopping
  • Social Networking
  • Softwares
  • Sports
  • Technology
  • Tips and Tricks
  • Top 10
  • Trading & Investing
  • Travel
  • TV Series
  • Uncategorized
  • Web Design
  • Web Development
  • Web Hosting
  • WordPress
  • WordPress Themes
  • Writing & Translation
DMCA.com Protection Status
Popular Articles

How to Make Employees Your Strongest Defence In Cybersecurity

September 27, 2022

What Is Employee Engagement?

March 23, 2023

The Benefits Associated With Microsoft’s Newest SCCM for Windows 10

May 23, 2022

Wrike: The Online Project Management Software / Tools

January 31, 2023
Recent Comments
  • Hannah on How to Improve Your Logo Design to Increase the Identity of the Brand
  • Alan Lee on 5 Reasons to Stop Drinking Alcohol Immediately
  • Rashmi on Why Startups Should Look to Cloud Software for Payroll
  • DTP Labs on 8 Things To Consider For Effective Estate Planning
Recent Posts
  • The Pros And Cons Of Expanding A Business
  • 5 Places to Purchase MS Office UK Software for a Great Price
  • Why Should Your Business Take the Chatbots Advantage
  • Selling Antiques Online – Everything You Need To Know
  • Freemake Video Downloader Software Review
Random Articles

The Pros And Cons Of Expanding A Business

June 6, 2023

Why Should Your Business Take the Chatbots Advantage

June 5, 2023

A Guide to Understand IT Support In Albuquerque

June 1, 2023

5 Tips to Find Best Retail Software for Small Business

June 1, 2023
Copyright © 2013-2023. Tech Feast - All Rights Reserved. | Sitemap.
  • About Us
  • Contact Us
  • Advertise With Us
  • Privacy Policy
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.

x
x