As an entrepreneur I am a strong believer that businesses are often the best way to solve problems. Don’t get me wrong—I love non-profits, but the ruthlessness of the business world breeds efficiency and effectiveness. We’ve seen plenty of non-profits try to cure poverty, yet poverty remains one of the world’s biggest problems. Lately we’ve seen more and more business based solutions aimed at eradicating poverty. TechnoServe, is a non-profit (the irony!) that is doing just that. They help “entrepreneurial men and women in poor areas of the developing world to build businesses that create income, opportunity and economic growth for their families, their communities and their countries.” What they’re doing may sound like some new social entrepreneurship startup, but they have a 40 year track record of successfully transforming the lives of the world’s poor. I guess business based solutions to poverty aren’t a new idea at all.
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