4 important considerations for your social impact business

This article is part of DBA, a new series on Mashable about running a business that features insights from leaders in entrepreneurship, venture capital and management.

“Social impact” is a buzzy phrase being thrown around in entrepreneurship. To oversimplify, it means a business for which doing good is a part of the business model. However, as the founder of a social impact business, and a successful one at that (PACT Apparel), it can be very hard to do both good and good business. Our economy isn't engineered towards stewardship, and walking that line between helping others while helping your bottom line can be tricky. Here are some things I've learned, and some questions that you should ask yourself if you're either thinking of getting into a social impact venture or just want to know what they're about. Read more...

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