Business Idea: Start A Benefit Corporation in 2024
You can make a difference while making a profit with a benefit corporation. This business model bridges the gap between profit-oriented and socially responsible enterprises.
In simple terms, a benefit corporation is designed to prioritize positive social and environmental impacts alongside profit. Unlike traditional corporations focusing solely on financial gain, benefit corporations embed their commitment to social good in their legal charter.
If youβre passionate about driving change through business, this model offers a compelling route. Beyond just appeasing shareholders, youβll attract consumers and employees who share your values, leading to a more motivated workforce and a loyal customer base.
Starting a benefit corporation involves incorporating your business as a benefit corporation, adhering to higher accountability standards, and regularly reporting on your social and environmental performance. Although it requires detailed planning and ongoing commitment, the potential for long-lasting, meaningful impact is significant.
Revenue & Profitability
How much do benefit corporations make?
Examples Of Successful Benefit Corporations
Successful benefit corporation businesses and case studies
Local Laundry co-founders share how they built a million-dollar socially conscious Canadian-made clothing brand from the ground up, now with over five employees working full-time and a mission to donate a million dollars to Canadian charities by 2030.
Goods that Matter is a Benefit Corporation focused on eco-friendly products that also give back to social and environmental causes, with $31k donated and a goal of $1 million, using handmade local makers, research and development, and a mix of online, wholesale, and brick-and-mortar sales channels.
See full list of successful benefit corporations.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
