Co-Profit Model: Non-Profit Benefits
Beyond working on eliminating contributions to unsustainability, a co-profit business must address its social context. In this sense, co-profits make contributions in time, money, and expertise to heal social and ecological systems as follows:
- Sustainability-Oriented Business: a co-profit business must first, do no harm. By sustainability-oriented, we mean it strives to “meet the needs of the present, without compromising the ability of future generations to meet their own needs.” In other words, it explicitly and continually works at reducing and eventually eliminating its contributions to systematically undermining the social fabric and global ecosystem, both direct and indirect, now and in the future;
- Time & Skills Transfer: from each employee to apply skills to the non-profit organization to help in day-to-day operations thereby providing an opportunity to do ‘good’ each day through the context of their employment - which allows employees to continue to do ‘well’ financially. For instance, business development personnel work on fundraising, financial personnel work on financial matters, operations personnel work on day to day operations, technical personnel keep everyone connected, etc. (Clearly, those who are skilled in delivering the specific services to those in need are not replaceable, but we maintain significant efficiencies can be leveraged.)
- Financial & Infrastructure Contributions: from business activities that support the core operations (i.e. overhead expenses) of the non-profit, shared infrastructure in the form of office space, equipment, staff, outside professionals, etc. to help make the non-profit more efficient. This ensures that 100% of donations to the non-profit go directly to benefit the cause;
By genuinely contributing to the creation of a sustainable society – by systematically eliminating direct and indirect negative impact, and proactively working to have a restorative effect – co-profits and their stakeholders should do well while doing good.