Week 10 Journal

This week I learned about hybrids and social business. These types of companies are set up as a business to solve a social problem. They aren't focused on making money. They are focused on solving a social problem and they use the business side of things to make money to run their organization. I liked the example of Hot Bread Kitchen in New York City. Immigrant women make bread inspired by their origin while learning job skills. The funds from selling the bread help fund this social mission. 

I enjoyed the Ted Talk by Peter Singer: The Why and How of Effective Altruism. He taught that we can all give even if it's just a little. We live such abundant lives in America and so many around the world are suffering. He spoke about several websites to use to find the most effective charities. He said to give to those charities to do the most good with our money. He mentioned that giving gives us self-esteem. I liked that a lot. I think that's true. Giving to others makes us feel like we're helping someone and it makes us feel like our life is worth is living. 

Hybrids are successful because they focus on a social issue and add a business side to support the social impact they are hoping to make. The social entrepreneurs who start hybrids are very passionate about social change and figuring out a way to fund it with a business side verses worrying about grants and donations. They want to be self-sustaining. This makes them successful. 

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