The document discusses how student-run businesses can help address social and economic issues. It notes that society faces problems like inequality, unemployment, and poverty that require both macro-level solutions from government and grassroots, micro-level solutions. Student-run social businesses are proposed as one micro-level solution that allows students to gain work experience and entrepreneurial skills while also helping solve social problems in their community. The document provides guidance on how students can identify needs, match them with their skills, develop a business plan, and launch a student-run business or social enterprise.

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Student Run Businesses
Karen Hunt-Ahmed
President
Chicago Islamic Microfinance Project, NFP

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Working is for adults!
n Why should students care about running a business?
n Inequality
n Get our house in order
n Who is helping?
n Macro
n Micro
n Student run (social) businesses

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Price of Inequality
n Joseph Stiglitz
n Inefficient society
n Less productive
n Unemployment
n Unstable economy and society

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Foreign Policy Begins at Home (Richard
Haass)
US power overseas is weakening
America must put its own house in order
Deterioration caused by:
n Crumbling infrastructure
n Second class schools
n Outdated immigration policies
n Debt

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Why do we care?
n Education (help!)
n Jobs (where?)
n Social problems
n Higher poverty rates
n Need for individuals to find solutions
n This is your future!

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Solutions
Macro:
n Stiglitz and Haass address Macro level problems and
solutions (regulation, government, banks, etc.)
n AFSC: government, institutional, community solutions
Micro:
n Individual access to grass roots level solutions
n CIMFP: education, skills, access to small levels of financial
assistance

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What can students do?
n Education
n Understand support opportunities
n Jobs
n Entrepreneurship
n Understand social issues
n Plan for the future
n ASK!

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One solution: Social Business
n Purpose(s)
n Make money
n Solve social issues
n Examples?
n Student run businesses…VIDEO

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How?
n Identify market need
n “Social” market
n “Consumer” market
n What are you good at?
n Match what you are good at with what is needed
n Can you make money doing this?

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Knowledge
n Basic money understanding
n Manage
n Sources
n How to talk to investors
n How to market your plan
n Who?
n What?
n When?
n Where?
n Why?
n What to do when you start selling!

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Can you really do it?
n Others do it…
n Video
n SOBU

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Questions?
cimfp1@gmail.com
THANKS!