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The Business of…Social Entrepreneurship & Legacy

The eighth show, The Business of… Social Entrepreneurship and Legacy, we have guests from two organizations that are organized around the principles of social entrepreneurship and the idea of leaving a legacy for future generations. For those of us unfamiliar with the concept of social entrepreneurship, a social entrepreneur sees a social problem and uses entrepreneurial principles to create and manage a venture that achieves social change. While an entrepreneur is motivated by profit, a social entrepreneur has a goal of furthering social and environmental goals. The nearly 80 million Baby Boomers in the United States are embracing these concepts as they age. The concept of leaving a legacy is vitally important as people age and move emotionally toward the idea of “self actualization.” And older people internalize this in wildly different ways. Some choose to teach, some start families, and many are pointing their energy to organizations that will improve the world socially and environmentally.

We speak with our first guest, Jim Emerman, Executive Vice President of Civic Ventures, a think tank focusing on boomers, work and social purpose. Civic Ventures has led the charge to engage millions of boomers to be a force for change, and show the value of experience in solving serious social problems – everything from education to the environment to homelessness. Before assuming the role as executive vice president, Jim developed and directed The Purpose Prize – which is highly praised – it is a $17 million program designed to recognize and invest in social entrepreneurs who are over 60 and working to solve problems in their communities, the country and the world. Prior to Civic Ventures, Jim was chief operating officer of American Society of Aging, the largest association of professionals working with and on behalf of older adults.

Our second guest is Randy Paynter, founder, President and CEO of Care2, the largest online community of people passionate about making a difference, with 15 million members and 400 non-profit.

The Business of Aging with Lori Bitter
June 7, 2011 – Episode 8: The Business of…Social Entrepreneurship & Legacy

Guests: Jim Emerman, Executive Vice President of Civic Ventures[audio:boa8.mp3|titles=The Business of Aging – Episode 8]
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