{"id":35445,"date":"2012-01-27T00:00:00","date_gmt":"2012-01-27T00:00:00","guid":{"rendered":"https:\/\/newrcblog.wpengine.com\/social-entrepreneurship-why-you-should-make-it-your-business\/"},"modified":"2022-05-05T09:40:52","modified_gmt":"2022-05-05T16:40:52","slug":"social-entrepreneurship-why-you-should-make-it-your-business","status":"publish","type":"post","link":"\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/","title":{"rendered":"Social entrepreneurship: What it is and why it matters"},"content":{"rendered":"<p>In 2006, Muhammad Yunus won a Nobel Peace Prize for founding Grameen Bank &#8211; a microfinance institution which encourages economic growth at the grassroots level &#8211;\u00a0in Bangladesh. His win brought the concept of social entrepreneurship squarely into the spotlight. While the term has been in use since the 1960s, and was in fact popular in the \u201980s and \u201990s, it was Yunus\u2019 Nobel Prize which catapulted it to the top of contemporary consciousness.<\/p>\n<p>Since then, this business paradigm has gained a lot of traction, and many social enterprises are receiving a lot of press. It certainly sounds like a good idea on paper, but will it be a good idea for you?<\/p>\n<p>Before we get into that, let\u2019s get a few things straight.<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">\ud83d\udc40\u00a0 <\/span><span style=\"font-weight: 400;\">Did you know employees crave more connection in the workplace? Grab our <\/span><strong><i>2022 state of human connections at work <\/i><\/strong><span style=\"font-weight: 400;\"><strong>report<\/strong> to get the whole story.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/p>\n<div class=\"download-form-widget standart-download-form\" data-url=\"https:\/\/netstorage.ringcentral.com\/report\/state-of-human-connections-at-work.pdf\" data-id=\"69d61daea8268\" id=\"69d61daea8268\">\n\t\t<button tabindex=\"on\"  on=\"tap:69d61daea8268.toggleClass(class='open')\" class=\"open-modal-download-action download-form-button\" type=\"submit\">\ud83d\udcd9 Get the report<\/button><\/p>\n<div class=\"download-form-modal\">\n<div class=\"download-form-modal-body\">\n<div class=\"download-form-modal-content\">\n<div class=\"download-form-modal-title\">\ud83d\udc40 \u200a Get this free report to learn more about the state of human connections.<\/div>\n<form class=\"download-form SMB\" method=\"post\">\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<input class=\"download-form-input\" aria-label=\"Full Name\" aria-required=\"true\" aria-invalid=\"false\" type=\"text\" name=\"fullname\" placeholder=\"Full Name\" data-dl-events-hover=\"true\" data-dl-element=\"text\" data-dl-additional-info=\"download form\">\n\t\t\t\t\t\t<\/div>\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<input class=\"download-form-input\" aria-label=\"Email (please enter a work email address)\" aria-required=\"true\" aria-invalid=\"false\" type=\"email\" autocomplete=\"on\" name=\"email\" placeholder=\"Email (please enter a work email address)\" data-dl-events-hover=\"true\" data-dl-element=\"email\" data-dl-additional-info=\"download form\">\n\t\t\t\t\t\t<\/div>\n<div>\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"popup_form\" value=\"1\">\n\t\t\t\t\t\t<\/div>\n<div>\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"Lead_Entry_Source__c\" value=\"RC Blog\" class=\"download-form-input\"\/>\n\t\t\t\t\t\t<\/div>\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<button class=\"download-form-submit\" type=\"submit\" data-dl-element=\"button\" data-no-auto-dl=\"true\" data-dl-additional-info=\"download form\" data-dl-name=\"Get it now\">Get it now<\/button>\n\t\t\t\t\t\t<\/div>\n<\/p><\/form>\n<p> \t\t\t\t\t<button on=\"tap:69d61daea8268.toggleClass(class='open')\" role=\"button\" tabindex=\"0\"  class=\"download-form-modal-close\"><\/button>\n\t\t\t\t<\/div>\n<div class=\"download-form-modal-thank\">Enjoy!<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><\/span><\/p>\n<hr \/>\n<h2 class=\"heading h2\">What is social entrepreneurship?<\/h2>\n<p><strong>Social entrepreneurship aims to effect social change through the use of sustainable business techniques.<\/strong> It involves investing in and organizing businesses (social enterprises) that directly address social issues in creative and innovative ways.<\/p>\n<p>A social entrepreneur is someone who champions change within a community and hopes to capitalize on an idea that can make the world a better place. Social entrepreneurs build companies that solve problems, hire people in need, or both.<\/p>\n<p>Want to read more? <strong>Here are <a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/5-successful-examples-of-social-entrepreneurship\/\">5 examples of successful social enterprises<\/a>.\u00a0<\/strong><\/p>\n<div class=\"rc-subscribe\" id=\"new-rc-subscribe\"  style=\"background-image:url('\/us\/en\/blog\/wp-content\/themes\/ringcentral\/assets\/images\/temp\/subscribe.png')\">\n\t\t<button class=\"close js-popup-close\"><svg class=\"icon_close_mobile\" width=\"20\" height=\"20\"><use xlink:href=\"#icon_close_mobile\"><\/use><\/svg><\/button><\/p>\n<div class=\"rc-subscribe__wrapper\">\n<div class=\"rc-subscribe__wrapper_text\">\n<h3 class=\"rc-subscribe__title h2\">Stay informed with RingCentral<\/h3>\n<div class=\"rc-subscribe__subtitle\">Subscribe to our emails for the latest blogs, events, and exclusive content on AI-powered communication solutions. Stay ahead with insights and tips from the leader in trusted AI communications.<\/p>\n<p>\t\t\t\t\t<a href=\"https:\/\/www.ringcentral.com\/legal\/privacy-notice.html\" target=\"_blank\" data-dl-name=\"Privacy Notic\" data-dl-element=\"link\" data-dl-additional-info=\"social\" rel=\"noreferrer noopener\">Privacy Notice<\/a>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<div class=\"rc-subscribe__wrapper_form\">\n<form class=\"\" data-event-init=\"true\" novalidate data-js-form>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<input\n\t\t\t\t\t\t\t\tname=\"email\"\n\t\t\t\t\t\t\t\tplaceholder=\"Email address *\"\n\t\t\t\t\t\t\t\ttitle=\"Must be valid email. example@yourdomain.com\"\n\t\t\t\t\t\t\t\tminlength=\"4\"\n\t\t\t\t\t\t\t\tmaxlength=\"255\"\n\t\t\t\t\t\t\t\ttype=\"email\"\n\t\t\t\t\t\t\t\trequired\n\t\t\t\t\t\t\t\tpattern=\"[a-z0-9._%+\\-]+@[a-z0-9.\\-]+\\.[a-z]{2,}$\"\n\t\t\t\t\t\t\t\tclass=\"field__control\"\n\t\t\t\t\t\t\t\tautocomplete=\"on\"\n\t\t\t\t\t\t\t\taria-required=\"true\"\n\t\t\t\t\t\t\t\tdata-dl-events-hover=\"true\"\n\t\t\t\t\t\t\t\tdata-dl-element=\"email\"\n\t\t\t\t\t\t\t\tdata-dl-additional-info=\"LET'S WORK TOGETHER\"\n\t\t\t\t\t\t\t\taria-label=\"Email address *\"\n\t\t\t\t\t\t\t\taria-errormessage=\"email-subscribe-errors\"\n\t\t\t\t\t\t><br \/>\n\t\t\t\t\t\t<span class=\"field__errors\" id=\"email-subscribe-errors\" data-js-form-field-errors><\/span>\n\t\t\t\t\t<\/div>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<select\n\t\t\t\t\t\t\t\tname=\"Country__c\"\n\t\t\t\t\t\t\t\trequired\n\t\t\t\t\t\t\t\tclass=\"field__control\"\n\t\t\t\t\t\t\t\taria-required=\"true\"\n\t\t\t\t\t\t\t\taria-expanded=\"false\"\n\t\t\t\t\t\t\t\taria-label=\"Country *\"\n\t\t\t\t\t\t\t\taria-errormessage=\"country-subscribe-errors\"\n\t\t\t\t\t\t><option value=\"\" disabled=\"disabled\" selected=\"selected\">Country<\/option><option value=\"Canada\">Canada<\/option><option value=\"United_States\">United States<\/option><\/select><\/p>\n<p>\t\t\t\t\t\t<span class=\"field__errors\" id=\"country-subscribe-errors\" data-js-form-field-errors><\/span>\n\t\t\t\t\t<\/div>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<button type=\"submit\" data-event-init=\"true\">Subscribe<\/button>\n\t\t\t\t\t<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"confirm-form\" role=\"status\" aria-live=\"polite\" style=\"display: none;\" aria-hidden=\"true\">\n<div class=\"confirm-form__text\">Thank you for your interest in RingCentral<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"heading h2\">Social enterprises vs. non-profits: What&#8217;s the difference?<\/h2>\n<p>What makes the definition of social entrepreneurship complicated is that all sorts of organizations can fall under its umbrella. For example, non-profits with a measure of business acumen and for-profits whose business models focus on social change are both described as social enterprises.<\/p>\n<p>The problem with using \u201csocial enterprise\u201d as a blanket term is that doing so ignores the question of where profits come from and where they will go. The main differences are as follows:<\/p>\n<ul>\n<li>As a rule of thumb, much of the income generated for a non-profit come from the government and private donors. The money received through such fundraising efforts may only be used to finance the organization&#8217;s programs.<\/li>\n<li>For-profit social ventures, on the other hand, have a freer hand in both generating and earning income. They can use their earnings \u00a0to both improve their communities and expand their business.<\/li>\n<\/ul>\n<p>While it is true that a fairly broad spectrum of organizational models may be defined as \u201csocial enterprise,\u201d recent developments emphasize increasing independence from the non-profit paradigm. In other words, more and more social ventures are actual businesses that implement positive change rather than socially responsible organizations that simply adopt business techniques to improve efficiency.<\/p>\n<h2 class=\"heading h2\">The rise of social entrepreneurship today<\/h2>\n<p>The main appeal of social entrepreneurship is its ability to make a difference. Social entrepreneurs&#8217; desire to change the world has come on the heels of internet and mobile technology \u2013 both strong catalysts for personal and social connection. While the most high-profile and interesting examples of social entrepreneurship come from the developing world, strong social enterprises can also be found in the USA, the UK and Australia.<\/p>\n<p>Incidentally, many social enterprises are successful precisely because of the social impact they seek to make with their products and services. They find support in a world that is increasingly philanthropic and cause-oriented.<\/p>\n<p>Today, thousands of young and aspiring entrepreneurs enter business schools and set up enterprises that inspire social change both in their communities and in areas starving for socio-economic development. Social entrepreneurship has gotten so popular that MBA programs all over the globe have started to include elective classes focusing on the implementation of social ventures. And with an increasing focus on ESG (environmental, social, and governance) in all businesses, the trend is clear: <strong>having a heart is just good business<\/strong>.<\/p>\n<h2 class=\"heading h2\">Why social responsibility is good for business<\/h2>\n<p>There is a pressing need to make things better \u2013 not just in developing countries, but in our own communities. It is more important than ever to build sustainable organizations that inspire significant social change. Social entrepreneurship, especially when applied to small, local-level businesses, can help stabilize entire communities and create opportunities for the next generation. As a result, giving back from the moment you launch your business will render you more successful in the long run.<\/p>\n<p>With social entrepreneurship, you create something more than a source of income. You create a future that goes beyond yourself.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2006, Muhammad Yunus won a Nobel Peace Prize for founding Grameen Bank &#8211; a microfinance institution which encourages economic growth at the grassroots level &#8211;\u00a0in Bangladesh. His win brought the concept of social entrepreneurship squarely into the spotlight. While the term has been in use since the 1960s, and was in fact popular in &#8230;<\/p>\n","protected":false},"author":29,"featured_media":51905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17901],"tags":[722,261,299,859,293,860,861,862,863],"class_list":["post-35445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-leadership","tag-business-owner","tag-entrepreneur","tag-entrepreneurship","tag-grameen-bank","tag-smb","tag-social-entrepreneur","tag-social-entrepreneurship","tag-social-venture","tag-social-ventures"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.3 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Social entrepreneurship: What it is and why it matters | RingCentral Blog<\/title>\n<meta name=\"description\" content=\"In 2006, Muhammad Yunus won a Nobel Peace Prize for founding Grameen Bank - a microfinance institution which encourages economic growth at the grassroots\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ringcentral.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social entrepreneurship: What it is and why it matters\" \/>\n<meta property=\"og:description\" content=\"In 2006, Muhammad Yunus won a Nobel Peace Prize for founding Grameen Bank - a microfinance institution which encourages economic growth at the grassroots\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ringcentral.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/\" \/>\n<meta property=\"og:site_name\" content=\"RingCentral Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ringcentral\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-27T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-05T16:40:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ringcentral.com\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"RingCentral Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ringcentral\" \/>\n<meta name=\"twitter:site\" content=\"@ringcentral\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RingCentral Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#article\",\"isPartOf\":{\"@id\":\"\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/\"},\"author\":{\"name\":\"RingCentral Team\",\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#\/schema\/person\/65a168321317ffd562e0d77745f1b358\"},\"headline\":\"Social entrepreneurship: What it is and why it matters\",\"datePublished\":\"2012-01-27T00:00:00+00:00\",\"dateModified\":\"2022-05-05T16:40:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/\"},\"wordCount\":775,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#primaryimage\"},\"thumbnailUrl\":\"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg\",\"keywords\":[\"business owner\",\"entrepreneur\",\"entrepreneurship\",\"grameen bank\",\"smb\",\"social entrepreneur\",\"Social Entrepreneurship\",\"social venture\",\"social ventures\"],\"articleSection\":[\"Business &amp; leadership\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/\",\"url\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/\",\"name\":\"Social entrepreneurship: What it is and why it matters | RingCentral Blog\",\"isPartOf\":{\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#primaryimage\"},\"thumbnailUrl\":\"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg\",\"datePublished\":\"2012-01-27T00:00:00+00:00\",\"dateModified\":\"2022-05-05T16:40:52+00:00\",\"description\":\"In 2006, Muhammad Yunus won a Nobel Peace Prize for founding Grameen Bank - a microfinance institution which encourages economic growth at the grassroots\",\"breadcrumb\":{\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#primaryimage\",\"url\":\"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg\",\"contentUrl\":\"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg\",\"width\":2048,\"height\":1365,\"caption\":\"Textiles created with a shuttle by pedal looms have a long tradition in Oaxaca, Mexico. Pedal looms produce no carbon footprint since they do not use electricity.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"\/us\/en\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Social entrepreneurship: What it is and why it matters\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#website\",\"url\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/\",\"name\":\"RingCentral Blog\",\"description\":\"Intelligent Communications\",\"publisher\":{\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#organization\",\"name\":\"RingCentral\",\"url\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#\/schema\/logo\/image\/\",\"url\":\"\/us\/en\/blog\/wp-content\/uploads\/2025\/04\/ringcentral-logo.png\",\"contentUrl\":\"\/us\/en\/blog\/wp-content\/uploads\/2025\/04\/ringcentral-logo.png\",\"width\":2048,\"height\":309,\"caption\":\"RingCentral\"},\"image\":{\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ringcentral\",\"https:\/\/x.com\/ringcentral\",\"https:\/\/www.linkedin.com\/company\/ringcentral\/\",\"https:\/\/www.instagram.com\/ringcentral\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#\/schema\/person\/65a168321317ffd562e0d77745f1b358\",\"name\":\"RingCentral Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/9a8d989fa7e72af5bd5cf487cf7080318b695de4be89de382c5e64305dd0249c?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a8d989fa7e72af5bd5cf487cf7080318b695de4be89de382c5e64305dd0249c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a8d989fa7e72af5bd5cf487cf7080318b695de4be89de382c5e64305dd0249c?s=96&d=mm&r=g\",\"caption\":\"RingCentral Team\"},\"sameAs\":[\"https:\/\/www.ringcentral.com\"],\"url\":\"\/us\/en\/blog\/author\/ringcentral-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Social entrepreneurship: What it is and why it matters | RingCentral Blog","description":"In 2006, Muhammad Yunus won a Nobel Peace Prize for founding Grameen Bank - a microfinance institution which encourages economic growth at the grassroots","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ringcentral.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/","og_locale":"en_US","og_type":"article","og_title":"Social entrepreneurship: What it is and why it matters","og_description":"In 2006, Muhammad Yunus won a Nobel Peace Prize for founding Grameen Bank - a microfinance institution which encourages economic growth at the grassroots","og_url":"https:\/\/www.ringcentral.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/","og_site_name":"RingCentral Blog","article_publisher":"https:\/\/www.facebook.com\/ringcentral","article_published_time":"2012-01-27T00:00:00+00:00","article_modified_time":"2022-05-05T16:40:52+00:00","og_image":[{"width":2048,"height":1365,"url":"https:\/\/www.ringcentral.com\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg","type":"image\/jpeg"}],"author":"RingCentral Team","twitter_card":"summary_large_image","twitter_creator":"@ringcentral","twitter_site":"@ringcentral","twitter_misc":{"Written by":"RingCentral Team","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#article","isPartOf":{"@id":"\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/"},"author":{"name":"RingCentral Team","@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#\/schema\/person\/65a168321317ffd562e0d77745f1b358"},"headline":"Social entrepreneurship: What it is and why it matters","datePublished":"2012-01-27T00:00:00+00:00","dateModified":"2022-05-05T16:40:52+00:00","mainEntityOfPage":{"@id":"\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/"},"wordCount":775,"commentCount":0,"publisher":{"@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#organization"},"image":{"@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#primaryimage"},"thumbnailUrl":"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg","keywords":["business owner","entrepreneur","entrepreneurship","grameen bank","smb","social entrepreneur","Social Entrepreneurship","social venture","social ventures"],"articleSection":["Business &amp; leadership"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#respond"]}]},{"@type":"WebPage","@id":"\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/","url":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/","name":"Social entrepreneurship: What it is and why it matters | RingCentral Blog","isPartOf":{"@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#primaryimage"},"image":{"@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#primaryimage"},"thumbnailUrl":"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg","datePublished":"2012-01-27T00:00:00+00:00","dateModified":"2022-05-05T16:40:52+00:00","description":"In 2006, Muhammad Yunus won a Nobel Peace Prize for founding Grameen Bank - a microfinance institution which encourages economic growth at the grassroots","breadcrumb":{"@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#primaryimage","url":"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg","contentUrl":"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg","width":2048,"height":1365,"caption":"Textiles created with a shuttle by pedal looms have a long tradition in Oaxaca, Mexico. Pedal looms produce no carbon footprint since they do not use electricity."},{"@type":"BreadcrumbList","@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"\/us\/en\/blog\/"},{"@type":"ListItem","position":2,"name":"Social entrepreneurship: What it is and why it matters"}]},{"@type":"WebSite","@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#website","url":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/","name":"RingCentral Blog","description":"Intelligent Communications","publisher":{"@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#organization","name":"RingCentral","url":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#\/schema\/logo\/image\/","url":"\/us\/en\/blog\/wp-content\/uploads\/2025\/04\/ringcentral-logo.png","contentUrl":"\/us\/en\/blog\/wp-content\/uploads\/2025\/04\/ringcentral-logo.png","width":2048,"height":309,"caption":"RingCentral"},"image":{"@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ringcentral","https:\/\/x.com\/ringcentral","https:\/\/www.linkedin.com\/company\/ringcentral\/","https:\/\/www.instagram.com\/ringcentral"]},{"@type":"Person","@id":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/#\/schema\/person\/65a168321317ffd562e0d77745f1b358","name":"RingCentral Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a8d989fa7e72af5bd5cf487cf7080318b695de4be89de382c5e64305dd0249c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a8d989fa7e72af5bd5cf487cf7080318b695de4be89de382c5e64305dd0249c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a8d989fa7e72af5bd5cf487cf7080318b695de4be89de382c5e64305dd0249c?s=96&d=mm&r=g","caption":"RingCentral Team"},"sameAs":["https:\/\/www.ringcentral.com"],"url":"\/us\/en\/blog\/author\/ringcentral-team\/"}]}},"rc_img_url":"\/us\/en\/blog\/wp-content\/uploads\/2012\/01\/GettyImages-1325299071-scaled.jpg","rcblog_by_author":"<a href=\"\/us\/en\/blog\/author\/ringcentral-team\/amp\" data-dl-events-click=\"true\" data-dl-element=\"link\"><span class=\"image\"><img src=\"https:\/\/secure.gravatar.com\/avatar\/9a8d989fa7e72af5bd5cf487cf7080318b695de4be89de382c5e64305dd0249c?s=96&d=mm&r=g\" alt=\"\" width=\"30\" height=\"30\" layout=\"fixed\"><\/img><\/span><span class=\"by-author-name\">RingCentral Team<\/span><\/a>","rc_author_full_name":"RingCentral Team","rc_author_avatar":"\/us\/en\/blog\/wp-content\/uploads\/2022\/02\/ringcentral-logo-new.png","rc_author_link":"\/us\/en\/blog\/author\/ringcentral-team\/amp","rc_post_categories":"<a href=\"\/us\/en\/blog\/category\/trending\/business-leadership\/amp\">Business &amp; leadership<\/a>","amp_link":"\/us\/en\/blog\/social-entrepreneurship-why-you-should-make-it-your-business\/amp","excerpt_title":"Social entrepreneurship: What it is and why it matters","_links":{"self":[{"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/posts\/35445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/comments?post=35445"}],"version-history":[{"count":0,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/posts\/35445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/media\/51905"}],"wp:attachment":[{"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/media?parent=35445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/categories?post=35445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/tags?post=35445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}