Have you ever wondered if your business qualifies as an “impact business”? Not all businesses are driven solely by profit, many are embarking on a journey where the purpose is to make a positive impact on society and/or the environment.
Using the Alliance for Impact study as a guide, we highlight the two main criteria that form the minimum requirement that defines an impact business.
The first sign that you are running an impactful business is intentionality. This means that your venture is not driven solely by profit, but has a specific purpose in mind.
The business must be born with the mission of making an impact and solving some social and/or environmental issue. If your organization was conceived from the beginning to be a positive force in the world, you are in the territory of impact businesses.
For supporters of impact businesses, it’s not just about the numbers. They value the story behind the organization. That’s why Sitawi bridges the gap between organizations and founders, recognizing that sharing inspiring stories has the power to capture attention.
If you identify these characteristics in your organization, congratulations! You are on the journey to a truly impactful business. Keep making a difference and inspiring others to follow the same path.
Want to read the full study and understand impact businesses in depth? Click here here.
