Social business focus on addressing a need or making an impact in your community and making you wealthy as well at the same time.
A social business is non-dividend business activity designed to address a social objective. The objective may be to overcome poverty, or any of the social problems (such as health, technology access,education, and environment) which threaten people and society;
In a social business ventures, the income generated needs to cover all expenses and equally achieve the social objective, such as, healthcare for the poor, housing for the poor, financial services for the poor, nutrition for malnourished children, providing safe drinking water, introducing renewable energy, etc. in a business way.
In Africa, social business is the best business because – it is embedded in African mindset of communal living – “I Am because We Are” – which simple states that you cannot be better unless others get better – we are united, we fall together and we rise together.
Most people think that they have to become millionaires before they could be able to make an impact in their community, town or city; How ever this is not always the case.
People who have sound business plan for their community with a shared vision always get the necessary support and funding they need when they communicate their objectives to the stakeholder in their environment
In Social Business,the goods and services being sold generate income and equally solve social problems people have.
Here is a list of social Businesses
HealthCare
Medical Laboratory
Pharmacy
Health Centre
Clinic
Education
Schools kinder-gating
vocational institute
colleges
University
Library
Cultural Centre
Agriculture
Animal breeding ( poultry, fishes, birds, goats, cattle,etc)
Food processing
Sale of agricultural inputs
Agricultural machinery leasing
Water and Sanitation
Water management
Waste management
Renewable Energy
Solar energy production
Wind energy production
Biomass energy production
Environment
Tree seedlings nursery
ICT
Development of mobile apps
Computer Consulting
Multimedia
Blogging
Website
Documentary production
Regards