Beauty BOASS understands that not everyone can pull themselves up by the bootstrap without some grassroots support. 

What they do have is an idea, a savings account, commitment, and perseverance.  Beauty BOASS value proposition is to work with each client exactly where they are in their process by identifying the necessary resources each client needs to help them on their journey to successful business ownership.  

“As a Social-Enterprise, we believe everyone should own and operate at least one LLC.”    

Market failure occurs when the private sector cannot meet a societal need because the cost of providing the needed good or service is more than its beneficiaries are able or willing to pay.  In addition, despite its size and role, the government faces similar challenges in allocating its resources to meet societal needs or is simply ill-suited to meet all those needs.  Oftentimes, both private and government seek a partnership with a nonprofit organization that tends to engage individuals and groups in action to achieve social goals.

The organizations and activities that constitute the nonprofit sector generally differ from the work of the public and private sectors in two ways.  First, nonprofits often intervene when both the public and private sectors are unable to meet a particular social need, and second, unlike for-profit organizations they use their revenues and profits to sustain and grow their organizations.

Social Entrepreneurship tends to exhibit characteristics of all three of these entities.

      • From a business or private sector perspective, social entrepreneurship utilizes markets to drive innovation, productivity, and maximize profit.
      • From a government perspective, social entrepreneurship responds to market failures by providing public goods and services.
      • From the nonprofit’s perspective, social entrepreneurship engages individuals in action to achieve social goals.

Social Entrepreneurship, then, is the practice of responding to market failures with transformative, financially sustainable innovations aimed at solving social problems.

      • response to market failures
      • transformative innovations
      • financial sustainability

Social entrepreneurship presents another option for addressing market Failures, which can be considered the sources of the opportunities that social entrepreneurs act on.  Like private-sector entrepreneurs, social entrepreneurs seek opportunities to create value—but the value they pursue is social rather than purely economic.