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KNOW ABOUT social businezz

SOCIALBUSINEZZ is a Social business concept and it refers to a business model that prioritizes addressing social or environmental issues over maximizing profit.

The primary objective of a social businezz to solve societal problems and create positive impact, while also sustaining itself financially. Unlike traditional non-profit organizations, social businesses aim to be self-sufficient through their revenue-generating activities.

We are going to provide affordable healthcare services, offer access to clean water and sanitation, deliver educational resources to underprivileged communities, and support sustainable agriculture practices, traditional industries regeneration among others.

Key characteristics

Mission-driven

The main purpose of a social business is to address a specific social or environmental issue, such as poverty, healthcare, education, or environmental sustainability.

Financial sustainability

While profit is not the primary motivation, a social business aims to cover its operating costs and become financially self-sufficient through its business activities.

Collaboration and partnerships

They frequently collaborate with governments, non-governmental organizations (NGOs), and other stakeholders to achieve their objectives.

Social impact measurement

Social businesses focus on measuring and maximizing their positive impact on the target community, often through quantifiable metrics.

No dividend distribution

Unlike conventional for-profit businesses, social businesses do not distribute dividends to investors, ensuring that all profits are reinvested to further the social mission.

Innovative business models

Social businesses often employ innovative approaches and technologies to address complex social challenges effectively.