The Integrator Blog, edited by John Weeks, presents "news, reports, opinion, and networking for the business, education, policy and practice of Intagrative Medicine and CAM." Weeks wrote an article last week about community acupuncture and the "social business" model, as defined by Mohammed Yunis.
Read the whole article here.
It quotes Community Acupuncture founder Lisa Rohleder as saying "A social business is not a 'socially responsible business' and it is not a nonprofit. It functions completely differently. The structure of a socially-responsible business is to make a profit and then use the money for good. The structure of a nonprofit is to subsidize doing good with money that has been made some other way. The structure of a 'social business' is not to make a profit at all, but to create 'social dividends.' If a social business does make a profit, it reinvests that profit immediately into itself rather than pulling it out and giving it to its owners or shareholders or to some separate nonprofit (as a 'socially responsible business' would do).
She goes on to say that the social business model "is just to exist and do its thing without either depending on subsidies or making extra money beyond what it needs to meet its social goals." Instead, WCA's social goals are "to create jobs for acupuncturists and to provide acupuncture to people with ordinary incomes."