Posts tagged with: entrepreneurship

LemonisMarcus2I’ve written before on how television can be a powerful tool for illuminating the deeper significance of daily work and the beauties of basic trade and enterprise. Shows like Dirty Jobs, Shark Tank, Undercover Boss, and Restaurant Impossible have used the medium to this end, and today at The Federalist, I review a new contender in the mix.

CNBC’s The Profit is arguably the best reality show currently on television. Starring Marcus Lemonis, a Lebanese-born American entrepreneur and investor, each episode highlights an ailing businesses in desperate need of his cash, care, and wisdom.

By the end, we get a remarkable view into the types of struggle, pain, glory, and redemption that occur across countless businesses every single day.

The show bucks a host of false stereotypes about business, three of which I highlight in my piece. But one of these myths is perhaps more popular and pernicious than all: that business and is necessarily driven by greed and selfishness.

On the contrary, I argue, selfishness kills and service prospers: (more…)

Endless desktop operating system

Endless desktop operating system

While Internet access is nearly ubiquitous in the West and in many other parts of the world, about 5 billion people still cannot access the world marketplace and information engine that is the ‘net. Some places don’t have connectivity or a ready power supply; for other people, the cost of a laptop is out of their reach. (Yes, smart phones and tablets can access the Internet, but they don’t offer the storage, keyboard, mouse or operating system that a computer does.)

Matt Dalio, CEO of Endless Computers, sees an opportunity to change this. While traveling, he noticed that many people, even in remote parts of the world, had large-screen televisions. He wanted to see if he could create a system, using those tv screens, that would allow for Internet access. (more…)

Women in India with the Embrace blanket

Women in India with the Embrace blanket

Entrepreneur Jane Chen and artist Drue Kataoka met in 2012, and while their areas of expertise are quite different, they both wanted their work to have a meaningful impact. Working together through Embrace (Chen’s start-up), they have designed blankets that will save babies lives.

They have designed swaddlers and blankets for parents in the developed world to purchase, a line of products called Little Lotus. These products help regulate babies’ body temperatures in the first few weeks of life. Meanwhile, the purchase of these products help fund products that use more advanced technology for use in the developing world. (more…)

Millennial-Entrepreneurs-Infographic-1024x793Millennials are obsessed with entrepreneurship, says Elise Amyx. Some are attracted to entrepreneurship out of necessity, while others want the freedom that comes with building their own business. And some Christian Millennials want to redeem free enterprise:

In part, redeeming capitalism means doing more than just making a profit. Consider Chick-fil-A’s decision to bring chicken sandwiches and waffle fries to people stranded in their cars during a snow storm. Or Whole Foods’ decision to donate 5 percent of its profits to a philanthropy. Or Warby Parker: when someone buys a pair of the company’s eyeglass frames, it donates a pair to someone in need.

Millennials admire socially conscious business models. And many are starting their own. One place you might find the Christian-hipster-entrepreneur type is the annual Q conference, where attendees pitch their startup ideas with Praxis. Founded in 2010, Praxis is focused “on equipping and resourcing a growing portfolio of faith-motivated entrepreneurs who have committed their lives to cultural and social impact, renewing the spirit of our age one organization at a time.” It’s a Christian entrepreneur-training hotbed for nonprofit and business startups alike. Kammock, which creates high-quality outdoor products, Man Crates, which packs and delivers gifts for men, and Jonas Paul Eyewear, which provides functional eyewear for children, all participated in the program during their infancy.

Read more . . .

Liter of Light team in the Philippines

Liter of Light team in the Philippines

Electric street lamps are expensive. They are expensive to make, to maintain and to illuminate. However, cities are undoubtedly safer with them. So what to do in poorer countries?

Liter of Light, an NGO that focuses on illuminating the developing world without electricity, has figured out a way to light streets using soda bottles. In Bogota, Colombia, university students work hard to install these lights:

The lights’ beauty lies in their simplicity: A 3-watt LED lamp is connected to a controller and a battery pack, which is powered by a small solar panel. The light fixture’s protective casing is an old plastic soda bottle. Each lamp costs around 176,000 Colombian pesos ($70) to build, and nothing to run. Parts are sourced locally and the battery can power the lamp for three consecutive nights without charging. Once completed, the students install the lights throughout the neighbourhood, brightening dimly lit alleyways and dark clearings.

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india treesIn many parts of the world, the deadliest words are, “it’s a girl.” Abortion and infanticide are common when those words are heard. If the girl manages to live, she is considered a burden and/or a slave.

One region in India is changing this attitude.

Villages like Piplantri in Rajasthan state of India have a story quite different from the more popular, abused and ill-treated ‘India’s daughter’.

Here, every time a girl child is born, 111 trees are planted in celebration and taken care of.

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When we hear about church “outreach ministries,” we often think of food pantries, homeless shelters, and community events. But while these can be powerful channels for service, many churches are beginning to look for new ways to empower individuals more holistically.

For some, this means abandoning traditional charity altogether, focusing their ministry more directly around recognizing the gifts and strengths of others. For others, like Evangel Ministries in Detroit, it involves a mix of many things, but with a particular emphasis on the power of entrepreneurship to transform lives and communities.

Hear their story here, in a video produced by Made to Flourish:

For Evangel, it’s not just about meeting immediate needs through traditional channels, but about teaching work skills and financial literacy, teaching congregants on the details of permitting, and even in some cases providing investment capital for particular businesses. (more…)

1940Today’s parents are obsessed with setting their kids on strategic paths to supposed “success,” pre-planning their days to be filled with language camps, music lessons, advanced courses, competitive sports, chess clubs, museum visits, and so on.

Much of this is beneficial, of course, but amidst the bustle, at least one formative experience is increasingly cast aside: good, old-fashioned hard work.

In an essay for the Wall Street Journal, Jennifer Breheny Wallace points to a recent survey of U.S. adults where “82% reported having regular chores growing up, but only 28% said that they require their own children to do them.” Paired with the related decreases in youth employment outside the home, such a trend is a worrisome sneak peak at our economic future, but even more troubling for those who believes that work with the hands produces far more than mere material benefits. (more…)

cogIn a recent piece for the Wall Street Journal, Rachel Feintzeig sets her sights on the latest trends in corporate “mission statements,” focusing on a variety of employer campaigns to “inject meaning into the daily grind, connecting profit-driven endeavors to grand consequences for mankind.”

Companies have long cited lofty mission statements as proof they have concerns beyond the bottom line, and in the past decade tech firms like Google Inc. attracted some of the economy’s brightest workers by inviting recruits to come and change the world by writing lines of code or managing projects.

Now, nearly every product or service from motorcycles to Big Macs seems capable of transforming humanity, at least according to some corporations. The words “mission,” “higher purpose,” “change the world” or “changing the world” were mentioned on earnings calls, in investor meetings and industry conferences 3,243 times in 2014, up from 2,318 five years ago, according to a Factiva search.

(more…)

Rosa’s Fresh Pizza in Philadelphia has now given away more than 10,000 slices of pizza, using a unique “pay-it-forward” system where “customers can pre-purchase $1 slices for those in need.”

The story is inspiring on a number of levels, illuminating the power of business to channel the best of humanity toward meeting complex needs in new and unexpected ways, often quite spontaneously.

The owner, Mason Wartman, left his job on Wall Street to start the restaurant, following his vocational aspirations and bringing a new product and service to this Philadelphia neighborhood. This is a great social benefit in and of itself, and yet the owner and his customers went further, responding to other signals in their community through generosity and innovation from the bottom up. As several homeless people in the video explain, the grace-filled approach of the business and its customers made a remarkable impact, giving them peace, encouragement, and empowerment. (more…)