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March 25.2025
2 Minutes Read

How Gen Z is Transforming Social Entrepreneurship with Innovative Solutions

Youth-Led Social Entrepreneurship celebration with trophy at event.

Gen Z: The Unsung Heroes of Social Entrepreneurship

Generation Z is often mischaracterized as a group plagued by anxiety and distraction. Yet, witness the true potential of these remarkable young individuals. As the CEO of Resolution Project and Enactus Global, I have seen their innovative spirit in action. Far from being under-skilled, Gen Z is a cohort filled with creativity, digital savvy, and a deep commitment to social causes. With fresh perspectives and an unwavering drive, they are paving the way for social entrepreneurship that transcends borders and breaks down barriers.

Empowering Youth for Lasting Impact

Across our network featuring 40,000 Enactus students in 35 countries, and 700 Resolution Fellows, this generation is showing the world what is possible with the right support. Notably, Resolution Fellows who began with microgrants as little as $3,000 to $10,000 have developed businesses collectively valued over $6.5 billion. This staggering return on investment not only underscores their potential but also highlights the power of focusing on youth-led solutions.

Innovative Solutions for a Sustainable Future

One of their key areas of innovation is in addressing environmental challenges through circular economies and waste-to-value initiatives. For instance, EcoResin, led by ambitious students from Joseph Sarwuan Tarka University in Nigeria, tackles two pressing issues: the plastic crisis and cassava waste management. By converting cassava processing byproducts into biodegradable packaging solutions, they exemplify how young social entrepreneurs are not just thinking outside the box, but completely redefining it.

Collaborative Spirit: The Heart of Innovation

Moreover, what separates these young innovators from others is their preference for collaboration over competition. At events such as the Enactus World Cup held in Astana and the Accelerating Impact Challenge in New York, we celebrate their journey and achievements. By fostering community-building efforts around shared knowledge and mutual support, these entrepreneurs are magnifying their impacts for greater good.

A Bright Future Ahead

As we look towards the future, let us recognize and nurture the untapped potential that Gen Z offers to social entrepreneurship. With their passion for social change and their knack for innovation, the future is indeed in capable hands. The key rests in how we support these vibrant leaders, amplifying their voices and solutions to create a lasting impact on our world.

Collaborative Prosperity

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03.26.2025

Unlocking the Costs: LLC Formation Fees & Savings Tips in South Carolina

Update Understanding the Costs of Forming an LLC in South Carolina Setting up a Limited Liability Company (LLC) in South Carolina can be an appealing choice for entrepreneurs seeking flexibility in their businesses. However, understanding the formation costs associated with creating an LLC is crucial for any aspiring business owner. Knowing these expenses can help you budget appropriately and avoid unexpected financial burdens. A Breakdown of Formation Fees The basic fee for registering your LLC is relatively straightforward. In South Carolina, the filing fee for the Articles of Organization starts at $110, which is the necessary step to officially form your LLC with the Secretary of State. Additionally, you will need to appoint a registered agent for your LLC, which is a requirement in South Carolina. This role can be filled by yourself or a hired service, with costs ranging from $100 to $300 annually. Additional Costs You Should Consider While the formation fee gives a good starting point, it’s essential to consider other costs that may arise. Creating an Operating Agreement is advisable, even though it's not legally required. If you choose to hire a lawyer for this, anticipate costs between $100 to $500, depending on your business's complexity. In navigating the operational side of your LLC, you may also need to apply for various licenses and permits that are specific to your industry and location. These can range from $50 to several hundred dollars, so researching and connecting with local authorities is highly recommended to ensure compliance. Long-Term Considerations: Taxes and Fees After establishing your LLC, it's important to remain mindful of ongoing costs, including taxes. Notably, South Carolina treats LLCs as pass-through entities for tax purposes, so the company itself is not taxed on profits. However, ongoing expenses related to tax filings may still arise, and understanding these obligations helps ensure your business remains financially healthy. Conclusion Forming an LLC in South Carolina comes with its expenses, but being informed can significantly ease the process. Budget carefully for these costs—ranging from initial fees to ongoing expenses—and consider seeking professional advice if needed. Empower yourself with knowledge, and you can build a sound financial foundation for your business.

03.23.2025

Transform Your Wedding with Moissanite: A Stunning Diamond Alternative

Update Moissanite: The Luxurious Yet Affordable Choice for CouplesOnce upon a time, the diamond ring was the gold standard for engagement. It stood as a symbol of enduring love, commitment, and, let's be honest, a heavy price tag. However, modern couples—especially millennials—are shifting towards a dazzling alternative: moissanite wedding bands. Offering ethical, stunning, and cost-effective choices, moissanite is the rising star of the jewelry world.Why Moissanite Outshines DiamondsFirst, let’s clarify: moissanite is not merely a diamond lookalike; it possesses its own breathtaking characteristics. With higher light dispersion, it generates a captivating rainbow sparkle, appearing even more brilliant than diamonds. While diamonds whisper elegance, moissanite makes a stunning statement.The Ethical and Sustainable ShiftToday's generation is increasingly aware of the ethical implications behind their purchases. With diamond mining often associated with environmental damage and labor exploitation, millennials are seeking alternatives that not only shine but align with their values. Moissanite, being lab-created, eliminates these ethical dilemmas, offering everything you want without the guilt.Smart Financial Choices with MoissaniteThe financial landscape is changing, and hefty expenditures are becoming less appealing. Moissanite wedding bands provide the illusion of lavish expense without the corresponding hefty price tag. Imagine investing in a ring that possesses the elegance of a five-figure piece, but actually fits within a modest budget. With that extra cash, couples can focus on other important life milestones—honeymoons, down payments, or savings.Durability Meets StyleConcerns about durability? Rest assured. On the Mohs scale, moissanite ranks at 9.25, making it a highly durable option that can withstand daily wear without losing its luster. You can go about your life without fretting over scratches or chips, making it a practical choice.The Modern Era of LuxuryLuxury is being redefined by today’s conscious consumers. Moissanite wedding bands symbolize this new wave of smart luxury, combining high quality with an affordable price tag and ethical sourcing. Couples are not just shopping for jewelry—they are making purposeful decisions that reflect their values and vision of love.As we navigate new trends in engagements and marriages, moissanite wedding bands emerge as a perfect fit. Their unmatched brilliance and alignment with modern values create a compelling case for this beautiful gem. By choosing moissanite, couples not only choose sparkles but also make a statement against tradition and embrace a meaningful alternative.

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Update Millennials and Industry Decline: Unpacking the Blame Game In recent years, a common assertion echoes across headlines: "Millennials are killing off X industry." It's a narrative that tends to redirect the spotlight onto the generation known for reshaping several market trends, from dining experiences to technology consumption. But is it fair to point the finger at Millennials for the struggles faced by various sectors? Let’s delve deeper into this complex issue. What Industries Point Fingers? The list of industries supposedly on the decline due to Millennials is surprisingly diverse. From a downturn in cable subscriptions to waning interest in traditional sports, claims vary significantly. For instance, articles have quoted a decline in golf viewership, with younger audiences perceiving the sport as slow and elitist. This sense of exclusivity links back to a broader trend of Millennials gravitating towards experiences that promote inclusivity rather than exclusivity. The Streaming Shift: A New Frontier One crucial aspect to consider is Millennials' aversion to outdated services. The shift from cable to streaming platforms like Netflix and Disney+ exemplifies a cultural transition rather than mere generational laziness. Many young people find the rigid structure of cable TV obsolete, preferring the flexibility of streaming that allows them to consume content on their own terms—be it on a smartphone or a tablet. This is not about killing off cable but evolving consumer preferences that industries need to adapt to. Sports Viewership: A Generational Evolution Similarly, the decline in attendance at professional baseball games and traditional golf events reflects a change in viewing habits influenced by faster-paced sports content; hence, the introduction of pitch clocks in Major League Baseball. This adjustment aims to attract a younger audience who prefers instant gratification over prolonged waiting. It reveals not a lack of interest from Millennials towards sports, but rather a desire for a more engaging experience. Looking Ahead: The Role of Adaptation The blame placed on Millennials should raise questions about broader industry resilience and adaptability. As societal values shift towards sustainability and experience-centered living, businesses must redefine their models to meet modern expectations. Rather than viewing Millennials as the problematic force, perhaps it’s time businesses recognize them as catalysts for change that pave the way for innovation and modernity. Conclusion The narrative that Millennials are single-handedly responsible for industry declines simplifies a much more intricate situation. As we face economic challenges and a rapidly changing world, it's crucial to celebrate the adaptability and resilience of consumers. Understanding the root causes behind these trends can empower industries to innovate rather than merely blame. After all, a proactive approach is often the key to thriving in an ever-evolving marketplace.

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