THE PURPOSE-DRIVEN LEADER

The economic impact of woman owned businesses is well documented. But the desire to make a positive impact on their communities, among both women and men entrepreneurs, is almost as potent as the desire for profitability.

A recent Essence of Enterprise research report, sponsored by HSBC Private Bank, reported some very uplifting statistics:

More than previous generations, millennial entrepreneurs are driven by the desire to have a positive impact on their communities and economies.

64 percent of entrepreneurs believe it is their duty to have a positive social and economic impact on society

64%
positive impact

One third of business owners contribute to society by taking an unpaid role in the community or donating time or expertise to social causes.

75%
contribute

Among young entrepreneurs, 79 percent have been involved in charitable giving in the last 12 months and many have already established a trust or foundation to manage their giving.

79%
charitable

Many millennials are active philanthropists—nearly 17 percent identify philanthropy or positive social and economic impact as one of their major achievements.

17%
Active Philanthropists

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